Value analysis has the greatest potential for savings for items which have:

Question

Quizplus · Accepted Answer

Value analysis is a tool used to identify cost-saving opportunities by analyzing the functions of a product or service and identifying areas where cost can be reduced without affecting its value. Items with high annual dollar-volume have the greatest potential for savings through value analysis because even small percentage savings can result in significant cost reductions due to the high volume of usage. Options A through D are not necessarily good indicators of where value analysis would be most effective.

Value Analysis Has the Greatest Potential for Savings for Items