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CIPS L4M2 Exam - Topic 1 Question 75 Discussion

What is the purpose of sending value engineering analysis to external suppliers?
A) To improve early supplier involvement
B) To improve the existing products
C) To analyse the supply market
D) To standardise production processed

CIPS L4M2 Exam - Topic 1 Question 75 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 75
Topic #: 1
[All L4M2 Questions]

What is the purpose of sending value engineering analysis to external suppliers?

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Suggested Answer: A

Explanation

Value engineering is often applied to new products or services. Early supplier involvement (ESI) is the involvement of a supplier in the product development process from a very stage in order to use the supplier's experience and expertise. ESI can bring cost reduction opportunities, process improvements, supply chain improvements and reduce supply risk. Both processes focus on development of new product or service. They tend to work the best if they are used together.

LO 3, AC 3.1 & AC 3.4


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Justine
12 hours ago
I feel like improving existing products could also be a reason, but it seems less likely than the others.
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Olene
6 days ago
I remember a practice question that mentioned analyzing the supply market, so maybe that's the right answer?
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William
11 days ago
I think the purpose might be to improve early supplier involvement, but I'm not entirely sure.
upvoted 0 times
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