The major benefits from cost-reduction efforts occur when supply management is not involved in the new-product/service development cycle.

Question

Quizplus · Accepted Answer

Supply management plays a critical role in the new-product/service development cycle as they determine the cost of materials, negotiate with suppliers, and identify opportunities for cost savings. Therefore, involving supply management in cost-reduction efforts during the development cycle can result in significant cost savings.

The Major Benefits from Cost-Reduction Efforts Occur When Supply Management