Identify the process of identifying links among components that raise costs if any changes are made.
A) Value analysis
B) SWOT analysis
C) Supplier relationship management
D) Complexity management
E) Supply chain management

Question

Quizplus · Accepted Answer

The process of identifying links among components that raise costs if any changes are made is called complexity management. It aims to simplify the product design and manufacturing processes, reducing the costs of production and maintenance. Value analysis is a process of analyzing and improving the value of a product or service. SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats of a business. Supplier relationship management is a process of managing the relationships with suppliers to ensure the timely delivery of goods and services. Supply chain management is the management of the flow of goods and services, involving the movement and storage of raw materials, work-in-progress inventory, and finished goods, from point of origin to point of consumption.

Identify the Process of Identifying Links Among Components That Raise