A re-design of a product so that it requires fewer components to decrease ordering, receiving, testing, and inspection costs is an example of value-engineering.

Question

Quizplus · Accepted Answer

Value-engineering is the process of re-designing a product to decrease its costs while maintaining or improving its functionality. This may involve reducing the number of components used in the product, which can lead to a reduction in the costs associated with ordering, receiving, testing, and inspecting those components. Therefore, the statement is true.

A Re-Design of a Product So That It Requires Fewer