Developing a framework for make‐or‐buy decisions

Developing a framework for make‐or‐buy decisions 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Operations & Production Management Emerald Publishing

Developing a framework for make‐or‐buy decisions

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0144-3577
DOI
10.1108/01443570010348271
Publisher site
See Article on Publisher Site

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.

Journal

International Journal of Operations & Production ManagementEmerald Publishing

Published: Nov 1, 2000

Keywords: Make v. buy; Outsourcing; Sourcing; Decision making

References

  • Managing markets: implications for the make‐buy decision
    Buttler, R.; Carney, M.G.
  • The nature of the firm
    Coase, R.H.
  • Strategies for Vertical Integration
    Harrigan, K.R.
  • Strategic guidelines for outsourcing decisions
    Jennings, D.
  • A strategic model for the formulation of an effective make‐or‐buy decision
    McIvor, R.T.; Humphreys, P.K.; McAleer, W.E.

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