Question 1

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

A)  Value analysis 
B)  Suitability 
C)  Producibility 
D)  Component availability 
E)  Customer acceptability 
A)  Value analysis 
B)  Suitability 
C)  Producibility 
D)  Component availability 
E)  Customer acceptability A

Question 2

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

A)  Is the supplier financially viable? 
B)  Are the supplier's short and long-term business objectives compatible with ours? 
C)  If a long-term relationship appears desirable, are the technology plans of the two firms compatible? 
D)  If a long-term relationship appears desirable, is it likely that we can build a trusting relationship? 
E)  Are the supplier's suppliers capable of participating in the design process 
A)  Is the supplier financially viable? 
B)  Are the supplier's short and long-term business objectives compatible with ours? 
C)  If a long-term relationship appears desirable, are the technology plans of the two firms compatible? 
D)  If a long-term relationship appears desirable, is it likely that we can build a trusting relationship? 
E)  Are the supplier's suppliers capable of participating in the design process E

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following is not a generalization about value?

Accepted Answer

A)  Value can be defined as the lowest end cost at which the function can be accomplished at the time and place and with the quality required 
B)  Value is determined objectively and subjectively by design engineers 
C)  Some items/services/processes which cost less than a similar item/service/process may accomplish the function in a superior or equal manner 
D)  Value cannot be determined exclusively by an examination of the item/service/process being evaluated 
E)  The value of any service, material, or product is established by the minimum cost of the other alternatives that will perform the same function 
A)  Value can be defined as the lowest end cost at which the function can be accomplished at the time and place and with the quality required 
B)  Value is determined objectively and subjectively by design engineers 
C)  Some items/services/processes which cost less than a similar item/service/process may accomplish the function in a superior or equal manner 
D)  Value cannot be determined exclusively by an examination of the item/service/process being evaluated 
E)  The value of any service, material, or product is established by the minimum cost of the other alternatives that will perform the same function

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Which of the following questions does not typically belong on a value-engineering checklist?

Accepted Answer

A)  Can the weight be reduced? 
B)  Is there a similar item in inventory that could be substituted? 
C)  Can standard parts be replaced by complex parts? 
D)  Are closer tolerances specified than are necessary? 
E)  Is unnecessary machining performed on the item? 
A)  Can the weight be reduced? 
B)  Is there a similar item in inventory that could be substituted? 
C)  Can standard parts be replaced by complex parts? 
D)  Are closer tolerances specified than are necessary? 
E)  Is unnecessary machining performed on the item?

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Value engineering is focused on the production stage.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)  The Investigation Phase 
B)  The Post-Design Phase 
C)  The Development Phase 
D)  The Production Phase 
A)  The Investigation Phase 
B)  The Post-Design Phase 
C)  The Development Phase 
D)  The Production Phase

Question 10

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

A) True 
 B)False

Question 11

Which of the following is not one of the recommendations given in the textbook for supply management to do so that the supply department's involvement in design is viewed by engineering as an asset and not a nuisance?

Accepted Answer

A)  Convince upper management to establish policies that force engineering to coordinate with supply management on the design process 
B)  Supply Managers must acquire skills and knowledge 
C)  Learn how to read engineering drawings 
D)  Learn technical terms 
E)  Meet with supplier's sales personnel to review technical information about products 
A)  Convince upper management to establish policies that force engineering to coordinate with supply management on the design process 
B)  Supply Managers must acquire skills and knowledge 
C)  Learn how to read engineering drawings 
D)  Learn technical terms 
E)  Meet with supplier's sales personnel to review technical information about products

Question 12

In analyzing each part in VA/VE,which is not a typical question asked?

Accepted Answer

A)  Can any part be eliminated without impairing the operation of the complete unit? 
B)  Can the design of the part be simplified to reduce its basic cost? 
C)  Can the design of the part be changed to permit the use of simplified or less costly production methods? 
D)  Can multiple parts be sourced that perform the same function? 
E)  Can less expensive but equally satisfactory materials be used in the part? 
A)  Can any part be eliminated without impairing the operation of the complete unit? 
B)  Can the design of the part be simplified to reduce its basic cost? 
C)  Can the design of the part be changed to permit the use of simplified or less costly production methods? 
D)  Can multiple parts be sourced that perform the same function? 
E)  Can less expensive but equally satisfactory materials be used in the part?

Question 13

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

A) True 
 B)False

Question 14

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

A)  Will the supplier be able to provide price concessions 
B)  Will the supplier be able to meet our cost, quality, and product performance requirements? 
C)  Does the supplier possess the required engineering capability? 
D)  Will the supplier be able to meet our development and production needs? 
E)  Does it have the necessary physical process and quality capabilities required? 
A)  Will the supplier be able to provide price concessions 
B)  Will the supplier be able to meet our cost, quality, and product performance requirements? 
C)  Does the supplier possess the required engineering capability? 
D)  Will the supplier be able to meet our development and production needs? 
E)  Does it have the necessary physical process and quality capabilities required?

Question 15

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

Accepted Answer

A)  Development of prototypes 
B)  Design reviews 
C)  Qualification testing 
D)  Failure analysis 
E)  Value analysis 
A)  Development of prototypes 
B)  Design reviews 
C)  Qualification testing 
D)  Failure analysis 
E)  Value analysis

Question 16

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

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)  Questioning whether the objectives were met 
B)  Value engineering 
C)  Design analysis 
D)  Component availability 
E)  Viability analysis 
A)  Questioning whether the objectives were met 
B)  Value engineering 
C)  Design analysis 
D)  Component availability 
E)  Viability analysis

Question 19

Which of the following questions does not typically belong on a value-engineering checklist?

Accepted Answer

A)  Can more parts be used to achieve the same quality? 
B)  Can you make the item less expensively in your plant? 
C)  Is the item properly classified for shipping purposes to obtain lowest transportation rates? 
D)  Can cost of packaging be reduced? 
E)  Are suppliers contributing suggestions to reduce cost? 
A)  Can more parts be used to achieve the same quality? 
B)  Can you make the item less expensively in your plant? 
C)  Is the item properly classified for shipping purposes to obtain lowest transportation rates? 
D)  Can cost of packaging be reduced? 
E)  Are suppliers contributing suggestions to reduce cost?

Question 20

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

A) True 
 B)False

Exam 5: New Product Development

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 one of the typical questions to ask prior to inviting a supplier into the design process as presented in the book?

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

Which of the following is not a generalization about value?

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

Which of the following questions does not typically belong on a value-engineering checklist?

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

Value engineering is focused on the production stage.

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

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.

Which of the following is not one of the recommendations given in the textbook for supply management to do so that the supply department's involvement in design is viewed by engineering as an asset and not a nuisance?

In analyzing each part in VA/VE,which is not a typical question asked?

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 associated with the development phase of the design process?

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 Purchasing Involvement (EPI).

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

Which of the following questions does not typically belong on a value-engineering checklist?

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.

The Progression to Professional Supply Management

Organizational Issues

Supply Management: an Organization Spanning Activity

A Portfolio of Relationships

Purchasing Descriptions and Specifications

Managing for Quality

The Procurement of Equipment

Purchasing Services

Outsourcing

Sourcing

Global Supply Management

Total Cost of Ownership

Price and Cost Analysis

Methods of Compensation

Negotiation

Contract Formation and Legal Issues

Contact and Relationship Management

Ethics and Social Responsibilities

Production and Inventory Control

Demand Management and Logistics

Implementing Value Network Management

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