Developing a framework for make-or-buy decisions

Developing a framework for make-or-buy decisions

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Article ID: iaor20012715
Country: United Kingdom
Volume: 20
Issue: 11
Start Page Number: 1313
End Page Number: 1330
Publication Date: Jan 2000
Journal: International Journal of Operations & Production Management
Authors: , ,
Keywords: make-or-buy
Abstract:

The make-or-buy question represents a fundamental dilemma faced by many companies. Companies have finite resources and cannot always afford to have all manufacturing technologies in-house. This has resulted in an increasing awareness of the importance of make-or-buy decisions. This paper reports on the development of a make-or-buy framework to address the make-or-buy decision for either a specific individual part or family of parts. Firstly, a literature review of the principal make-or-buy approaches is discussed. Secondly, the development of a make-or-buy framework is described and the framework is explained and illustrated using case studies. Thirdly, the operationalisation of the framework is outlined. The paper concludes with a discussion of its contribution to both the academic understanding of the subject, and the improvement of industrial practice.

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