CIPS Exam L4M2 Topic 10 Question 44 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 44
Topic #: 10

Product development consists of various stages, including planning and analysis, design develop-ment, pre-production, production and maintenance. At which stages the opportunities for cost re-duction will be the greatest?

1. Planning stage

2. Pre-design stage

3. Detail design stage

4. Production stage

5. Logistics support stage

A2 and 3 only

B2 and 5 only

C1 and 2 only

D1 and 4 only

Show Suggested Answer

Suggested Answer: C

Writing a specification and then procuring and using the product or service has a number of stages. The further on in the process you are, the less potential there is for cost reductions. Therefore, opportunities for cost reduction will be greatest in the two first stages: planning stage and pre-design stage.

LO 3, AC 3.1

by Brinda at Sep 14, 2024, 11:44 AM

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Lyndia

2 months ago

I'm just going to guess and say E) All of the above. I mean, come on, you can't have too many opportunities to save money, right? Plus, I heard the cafeteria is serving free donuts today, so I'm feeling pretty good about my chances.

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Catina

2 months ago

I'm feeling lucky, so I'm going to go with A) 2 and 3 only. The pre-design stage is where you can really get creative with cost-cutting measures, and the detail design stage is where you can start to refine those ideas and make them a reality.

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Salome

2 months ago

I'm going to have to go with D) 1 and 4 only. The planning stage is key for setting the budget and identifying cost-saving opportunities, and the production stage is where you can really start to implement those strategies.

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Alesia

6 days ago

That's a good point. It seems like there are opportunities for cost reduction at multiple stages of product development.

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Sophia

7 days ago

I see your point, but I still think D) 1 and 4 only make the most sense. Production stage is where you can really see the impact of cost-saving measures.

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Jaclyn

9 days ago

I agree with you, but I believe B) 2 and 5 only could also work. Logistics support stage can offer opportunities for cost reduction as well.

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Earleen

25 days ago

I think C) 1 and 2 only would be the best choice. Planning and pre-design stages are crucial for cost reduction.

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Ty

2 months ago

Hmm, I'm going with C) 1 and 2 only. The planning stage is where you can really get a handle on the project scope and identify areas for cost savings, and the pre-design stage is where you can start to refine those ideas.

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Dulce

2 months ago

Definitely, it's important to identify cost-saving opportunities early on in the product development cycle.

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Mindy

2 months ago

I think focusing on these two stages can really help in optimizing the overall development process.

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Lilli

2 months ago

Yes, and the pre-design stage allows for early adjustments to be made before significant resources are invested.

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Lawana

2 months ago

I agree, the planning stage is crucial for setting the foundation for cost reduction.

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Willodean

2 months ago

I believe the pre-design stage is also important for cost reduction.

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Dorathy

3 months ago

I think the answer is B) 2 and 5 only. The pre-design stage is where you can really explore different options and find ways to cut costs, and the logistics support stage is all about optimizing the supply chain and distribution processes.

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