Value analysis maximizes procurement costs.

Name: Value analysis maximizes procurement costs.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Value analysis is a systematic process of evaluating the value of goods or services to identify opportunities to reduce costs without compromising quality or performance. It helps in identifying unnecessary expenses and finding alternatives that can save money. Therefore, the main goal of value analysis is to reduce procurement costs and maximize the value obtained from resources.

Value Analysis Maximizes Procurement Costs