Question 1

Value engineering is focused on the production stage.

Accepted Answer

Value engineering is not solely focused on the production stage. It can be implemented in all stages of a product's lifecycle, including design, development, manufacturing, and even post-production. Its goal is to optimize the value of a product by reducing its cost while maintaining or improving its performance, quality, and functionality.

Question 2

Early Supply Management Involvement requires policy development that only affects supply management.

Accepted Answer

Early Supply Management Involvement requires policy development that affects all areas of the organization, not just supply management.

Question 3

Value engineering is focused on the design stage.

Accepted Answer

Value engineering is a process that focuses on improving the value of a product, service or project during the design, development, and implementation stages. It is specifically aimed at improving the value by reducing costs without reducing quality or functionality during the design stage.

Question 4

Which of the following is not associated with the development phase of the design process?

Accepted Answer

Component availability is typically considered during the production phase, not the development phase, when the design is being finalized and refined. The other options listed are all commonly associated with the development phase of the design process.

Question 5

Supply managers must add value to the design process in order to become a viable and lasting member of the design team.

Accepted Answer

Supply managers, as part of the design team, must not only manage the supply chain but also provide insights and value to the design process. This includes collaborating with designers and engineers, understanding customer needs and preferences, providing input on materials and manufacturing processes, and considering cost and time constraints. By adding value in these areas, supply managers can help the design team create successful products that meet business objectives and customer needs. This makes them an essential and long-term member of the design team.

Question 6

The design stage provides the greatest opportunity to reduce costs the life cycle costs of products.Supply management and the firm's suppliers have major contributions to make during this process.

Accepted Answer

During the design stage, changes to the product can be made to reduce costs in the long term. Supply management and suppliers can contribute by providing input on materials, manufacturing processes, and logistics that can impact the life cycle costs of the product. Therefore, the statement is true.

Question 7

Which of the following is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book?

Accepted Answer

The typical questions presented in the book are A, B, C, and D. The question about the supplier's suppliers is not mentioned as a typical question to ask before inviting a supplier into the design process.

Question 8

Which of the following is not one of the design process phases given in the textbook?

Accepted Answer

The post-design phase is not one of the design process phases given in the textbook. The four phases outlined in the textbook are the investigation phase, the design phase, the development phase, and the production phase.

Question 9

Which of the following is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book?

Accepted Answer

While price concessions may be a consideration, it is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book. The other options presented in the question are typical questions to ask, as they relate to the supplier's ability to meet requirements and contribute to the design process.

Question 10

Value engineering is a systematic study of every element of cost in a material,item of equipment,service or construction project to ensure that every element of cost fulfills a necessary function and at the lowest possible total cost.

Accepted Answer

This statement accurately defines what value engineering is. It involves analyzing every cost associated with a product or service to ensure that it fulfills a necessary function and is done at the lowest possible cost.

Question 11

Which of the following is not associated with the development phase of the design process?

Accepted Answer

The answer of Which of the following is not associated...

Question 12

Early Supply Management involvement often requires policy development from upper management to ensure initial involvement.

Accepted Answer

Early Supply Management involvement often requires the development of policies from upper management to ensure that the department is involved from the beginning of the process. This allows for better integration of supply management into the overall business strategy.

Question 13

After realizing true costs in the production stage,the design stage provides the second greatest opportunity to reduce costs the life cycle costs of products.

Accepted Answer

The answer of After realizing true costs in the production...

Question 14

Early Supply Management Involvement was formerly called Early Supplier Involvement (ESI).

Accepted Answer

The answer of Early Supply Management Involvement was formerly called...

Question 15

In the investigation phase,the development of alternatives includes all of the following activities except one in the list.Which activity does not fit?

Accepted Answer

While marketing analysis is an important aspect of the product development process, it is not directly related to the development of alternatives in the investigation phase. The activities listed in options A, B, C, and E are all relevant to the development of alternatives, such as analyzing whether to make or buy certain components or testing the stress levels of different design options.

Question 16

Early Supply Management involvement was formerly called Early Purchasing Involvement (EPI).

Accepted Answer

Early Supply Management involvement was formerly known as Early Purchasing Involvement (EPI) until the field of supply management expanded beyond just purchasing.

Question 17

Value engineering is a systematic study of every element of cost in a material,item of equipment,service or construction project that is conducted by design engineering only.

Accepted Answer

Value engineering is a collaborative and multidisciplinary approach that involves various stakeholders, not just design engineering, in assessing the value of every cost element in a project.

Question 18

Supply managers need only be assigned to a design team in order to become a viable and lasting member of the team.

Accepted Answer

While having a supply manager on a design team can certainly be beneficial, it is not the only factor that determines whether or not they will be a viable and lasting member of the team. Other factors such as their skills, work ethic, communication abilities, and ability to work collaboratively with others will also play a crucial role in their success on the team.

Question 19

In the investigation phase,the development of alternatives encompasses all of the following considerations,except one.Which does not belong to the list?

Accepted Answer

Value analysis is typically not a primary consideration during the development of alternatives in the investigation phase; it is more relevant in the evaluation phase to assess cost-effectiveness and efficiency.

Question 20

Which of the following is not a generalization about value?

Accepted Answer

While value can be determined both objectively and subjectively, it is not solely determined by design engineers. Other stakeholders, such as customers and users, also play a role in determining value.

Quiz 5: New Product Development

Value engineering is focused on the production stage.

Early Supply Management Involvement requires policy development that only affects supply management.

Value engineering is focused on the design stage.

Which of the following is not associated with the development phase of the design process?

Supply managers must add value to the design process in order to become a viable and lasting member of the design team.

The design stage provides the greatest opportunity to reduce costs the life cycle costs of products.Supply management and the firm's suppliers have major contributions to make during this process.

Which of the following is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book?

Which of the following is not one of the design process phases given in the textbook?

Which of the following is not one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book?

Value engineering is a systematic study of every element of cost in a material,item of equipment,service or construction project to ensure that every element of cost fulfills a necessary function and at the lowest possible total cost.

Which of the following is not associated with the development phase of the design process?

Early Supply Management involvement often requires policy development from upper management to ensure initial involvement.

After realizing true costs in the production stage,the design stage provides the second greatest opportunity to reduce costs the life cycle costs of products.

Early Supply Management Involvement was formerly called Early Supplier Involvement (ESI).

In the investigation phase,the development of alternatives includes all of the following activities except one in the list.Which activity does not fit?

Early Supply Management involvement was formerly called Early Purchasing Involvement (EPI).

Value engineering is a systematic study of every element of cost in a material,item of equipment,service or construction project that is conducted by design engineering only.

Supply managers need only be assigned to a design team in order to become a viable and lasting member of the team.

In the investigation phase,the development of alternatives encompasses all of the following considerations,except one.Which does not belong to the list?

Which of the following is not a generalization about value?