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Group Theory:
Early Vendor Engagement, Value Engineering & Vendor Managed Inventories Early Supplier Engagement (ESI) is one of the highly effective supply chain integration techniques. Key suppliers are more involved in the internal operations of the business, especially with regard to new product and process design, concurrent engineering design for manufacturability techniques.
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A typical product would go through many activities – may start life in a marketing role and then transition conceptual design, engineering design and analysis, testing, detailed design, manufacturing engineering, process planning, tools, production planning, purchasing, machining, assembly, testing, packaging, installation and maintenance.
MTH633 MIDTERM PAST PAPERS BY MOAAZ:
Value Engineering activities help a company reduce costs, improve quality and reduce new products development time Vendor Managed Inventory (VMI): Vendors manage buyers’ inventory to reduce inventory carrying costs and avoid out of stock for the buyer Selection of quality and capable suppliers Choosing a supplier is not an easy process.
MTH633 MIDTERM SOLVED PAPERS:
Product development process as a set of parallel activities: Previously there were no suppliers involved early in the process. The activities of the product development process were implemented in series and suppliers were not involved until near the end of the process.
MTH633 MIDTERM SOLVED PAPERS BY MOAAZ:
Obstacles to an optimal supplier base: In some cases, suppliers were only brought into the process compete with each other in prizes. As a result, the company stopped working with the big one number of suppliers and even with different suppliers of similar products. That was not possible build stable, long-term relationships that create quality that lead to client satisfaction.