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Question 294 - CSCP discussion

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In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

A.
top performing suppliers in the areas of quality, cost, and availability.
Answers
A.
top performing suppliers in the areas of quality, cost, and availability.
B.
crowdsourcing for design capital requirements.
Answers
B.
crowdsourcing for design capital requirements.
C.
e-commerce trading methods.
Answers
C.
e-commerce trading methods.
D.
concurrent engineering or participative design.
Answers
D.
concurrent engineering or participative design.
Suggested answer: D

Explanation:

Concurrent engineering, also known as participative design, is a method used to bring new products to market quickly while maximizing customer value and minimizing costs. It involves the simultaneous design and development of a product and its related processes by cross-functional teams. This approach ensures that design, manufacturing, and other considerations are integrated early in the development process, leading to faster time-to-market, improved product quality, and reduced costs. While leveraging top-performing suppliers, crowdsourcing, and e-commerce can contribute to the process, concurrent engineering provides a comprehensive framework for rapid and efficient product development.

Prasad, B. (1996). Concurrent Engineering Fundamentals: Integrated Product and Process Organization.

https://www.npd-solutions.com/concurrent.html

asked 16/09/2024
Harry Meijer
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