$42$:$24$

Time Remaining

$8$

Multiple Choice

$5$ points

The approach to cost reduction that studies whether components can be redesigned or standardized or made by cheaper methods of production without adversely impac product performance is termed as

supplier performance management $($SPM$)$

product value analysis $($PVA$)$

supplier added value effort $($SAVE$)$

vendor managed inventories $($VMI$)$

maintenance, repair, and operating $($MRO$)$