The major benefits from cost-reduction efforts occur when supply management is involved late in the new-product/service development cycle.

Question

Quizplus · Accepted Answer

The major benefits from cost-reduction efforts actually occur when supply management is involved early in the new-product/service development cycle. This allows them to provide input on design and material selection, which can have a significant impact on the overall cost of the product/service. When supply management is involved late in the development cycle, there may be limited opportunities for cost reduction without significant changes to the product/service.

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