Make or Buy Decision - 900 Words

Make or buy decision Definition of Make-Or-Buy Decision The act of choosing between manufacturing a product in-house or purchasing it from an external supplier. In a make-or-buy decision, the two most important factors to consider are cost and availability of production capacity. An enterprise may decide to purchase the product rather than producing it, if is cheaper to buy than make or if it does not have sufficient production capacity to produce it in-house. With the phenomenal surge in global outsourcing over the past decades, the make-or-buy decision is one that managers have to grapple with very frequently. Make-Or-Buy Decision Factors that may influence a firms decision to buy a part rather than produce it internally include†¦show more content†¦company.Show MoreRelatedMake or Buy Decision886 Words   |  4 PagesMake or buy decision Definition of Make-Or-Buy Decision The act of choosing between manufacturing a product in-house or purchasing it from an external supplier. In a make-or-buy decision, the two most important factors to consider are cost and availability of production capacity. An enterprise may decide to purchase the product rather than producing it, if is cheaper to buy than make or if it does not have sufficient production capacity to produce it in-house. With the phenomenal surge in globalRead Moremake or buy decision1996 Words   |  8 Pagesï » ¿Make-or-buy decision Business Spot Taiwanese smart phone maker HTC Corporation is considering outsourcing manufacturing to other companies to improve its efficiency. Before building its own brand, HTC concentrated on manufacturing low-end smart phones for companies like Apple. However, in recent years, HTC has been under pressure from shareholders to reduce costs because of loss net operating income for the third quarter of 2013. Now, HTC wants to change its strategy; they want to concentrateRead MoreApples Make vs Buy Decision1255 Words   |  6 PagesApple’s Make-vs.-Buy Decision Recruitment Approaches for Apple Apple would be best served with sourcing recruitment efforts from private employment agencies for their top technology or engineering positions. Considering the secrecy that surrounds Apple products, head hunters would be able to source out potential right fit candidates for Apple’s top positions. For their more entry level tiers, recruitment efforts at Colleges and Universities would be an effectiveRead MoreApples Make vs Buy Decision742 Words   |  3 Pagesâ€Å"Apple’s Make vs. Buy Decision† Instructor: Matthew Gonzalez Course: Human Resource Management Foundation Date: April 27, 2012 Abstract In my research, based on the information given but in my own words, I will explain what approaches to recruiting might be best suited for Apple’s talent acquisition. I will suggest three ways that Apple can effectively plan HR resources, and rank them in order of cost implementation. I will also discuss the benefits thatRead MoreOperation Management Assignment : Make or Buy Decision2928 Words   |  12 Pagesexplores one of the fundamental processes in most businesses, the make-or-buy decision. This research scrutinizes the theory related to the make-or-by decision, its importance in businesses strategy, criterions to be considered in the process as well as its advantages and disadvantages. Further investigation conducted revealed the reality of make-or-buy decision and it was found that decision makers rarely apply strategic decision making rules based on sound reasons resulting in unpremeditated andRead MoreA Make-or-Buy Decision at Baxter Manufacturing Company179 8 Words   |  8 PagesDecide Transcript A Make-or-Buy Decision at Baxter Manufacturing Company Scenario Summary Baxter Manufacturing Company (BMC) is a leader in deep-drawn stampings. It has been in business since 1978 as a privately held company. The process for making these stampings is very involved and complex. BMC developed methods for efficiently producing large volumes of stampings while keeping their quality very high. BMC uses state of the art machines to make the stampings and they make all the tooling necessaryRead MoreBoeing Case -Review of the Make-or-Buy Decision for 878 Aircraft1060 Words   |  5 PagesTo: Mr. Frame CC: Larry DuCharme From: Jason Kee Subject: Review of the Make-Or-Buy Decision for 878 Aircraft Executive Summary As per our conversation last week, I have calculated the cost estimates you requested regarding whether we should manufacture the new 878 body sections ourselves or purchase them from the Japanese supplier. Based on the information given to me by the various departments involved, I have come to a conclusion that it would be to our advantage to produce the body sectionsRead MoreWhat Factors Must a Firm Consider While Addressing the Make or Buy Decision?3664 Words   |  15 PagesQ: 3 (A) What factors must a firm consider while addressing the make or buy decision? Ans: International Operations management and corporate strategy: Operations management of an International business needs to be integrated with the firm’s corporate strategy. The central role of operations management is to create the potential for achieving superior value for the firm. If operations management takes Rs. 100 worth of inputs and brings out product worth Rs. 150, it has crated considerable valueRead MoreMake or Buy1421 Words   |  6 PagesMAKE OR BUY Management decision should be based on careful consideration of all the factors, including implication as regard to tax liability. Keeping view various tax implications that are relevant while taking some specific management decision under different provision of Income tax Act have dealt with: Make or Buy: One of the vital investment subject to the influence of tax factor is â€Å"Make or buy decision†. Most of the companies have to decide sometimes or the other whether they should buy aRead MoreAppealing Packaging : Alluring Plastic? Fantastic Box? Appearances Of Products1241 Words   |  5 PagesAppealing packaging? Alluring plastic? Fantastic box? Appearances of products always attract people before they decide to buy. Therefore, most individuals are actually purchasing the â€Å"packaging† instead of the real products that they first intended on buying. Hine mentioned, â€Å"Packaging are an inescapable part of modern life† (93). However, how can we discover the authentic value from the superficial packaging? Nowadays, the number of goods has increased since the past, there are more choices available