Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industr

Rating
-
Sold
7
Pages
19
Grade
A+
Uploaded on
14-09-2024
Written in
2024/2025

MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industry-standard parts wherever possible. If Toyota requires custom design and tooling for a component, which of the following statements accurately reflects the impact on price and cost? a. Custom design and tooling will likely decrease the cost of the component as it reduces the complexity of the production process. b. Specifying industry-standard parts will generally increase the price of the component because of higher customisation costs. c. Custom design and tooling will typically increase the cost and price of the component due to additional design, tooling, or engineering requirements. d. Using industry-standard parts will lead to higher costs but lower prices because of reduced design and tooling expenses

Show more Read less
Institution
Course

Content preview

PASSMATE TUTORIALS



DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.

WE ASSIST WITH OTHER MODULES INCLUDING:

ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.

WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.

OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc

For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram

CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144




PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!




1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

,9/14/24, 4:38 AM Assessment 3 (page 1 of 4)




UNISA  2024  MNP3701-24-S2  Assessment 3

QUIZ




Time left 0:12:55

Question 1
Answer saved

Marked out of 1.00




Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements
to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industry-standard parts wherever
possible. If Toyota requires custom design and tooling for a component, which of the following statements accurately
reflects the impact on price and cost?


a. Custom design and tooling will likely decrease the cost of the component as it reduces the complexity of the
production process.
b. Specifying industry-standard parts will generally increase the price of the component because of higher
customisation costs.
c. Custom design and tooling will typically increase the cost and price of the component due to additional design,
tooling, or engineering requirements.
d. Using industry-standard parts will lead to higher costs but lower prices because of reduced design and tooling
expenses.
Clear my choice




Question 2
Answer saved

Marked out of 1.00




Which strategy best shows how rationalising Toyota's supply base would directly contribute to cost reductions and efficiency
improvements?


a. Streamlining the supplier base to consolidate procurement activities, negotiate larger-volume contracts, and
capitalise on economies of scale.
b. Fostering innovation by accessing a broader range of supplier technologies and expertise.
c. Stimulating supplier competition by expanding the pool of potential suppliers, fostering price competition.
d. Integrating suppliers from various industries to diversify the experience pool.
Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22219067&cmid=846733 1/2

, 9/14/24, 4:38 AM Assessment 3 (page 1 of 4)

Question 3

Answer saved

Marked out of 1.00




Which one of the following options is the most important principle of the Malcolm Baldrige National Quality Award (MBNQA)?


a. Continuous improvement
b. Sustainable environmental management
c. Value analysis/Value engineering
d. Leadership capabilities
Clear my choice




Question 4

Answer saved

Marked out of 1.00




According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behaviour designed to
benefit the workplace and, by extension, the individual, the organisation, and the community.


a. sustainability
b. social responsibility
c. supplier development
d. supply chain risk management
Clear my choice




Question 5

Answer saved

Marked out of 1.00




Which one of the following would be an example of external failure cost at ABCD Retailers?


a. Production of a new line of dresses is interrupted because of defective machinery
b. A new quality control process is introduced to reduce the number of defective dresses manufactured
c. Following the manufacturing of low-quality dresses, new dress designs are submitted for approval
d. An in-store customer returns a dress because it tore after only wearing it once
Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22219067&cmid=846733 2/2

Written for

Institution
Course

Document information

Uploaded on
September 14, 2024
Number of pages
19
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$3.15
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
passmatetutorials University of South Africa (Unisa)
Follow You need to be logged in order to follow users or courses
Sold
1059
Member since
3 year
Number of followers
695
Documents
673
Last sold
18 hours ago
Passmate

We connect careers and dreams!

3.8

108 reviews

5
53
4
13
3
21
2
5
1
16

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions