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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.

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Related Questions

What is make or buy decision?

make or buy decision is the determination whether to produce a component part internally or to buy it from an outside supplier. this decision involves both qualitative and quantitative factors


Which should I buy a laptop or an all in one PC?

You will have to evaluate your own computing requirements against what is on the market and your budget. No one else can make this decision for you.


What integration is make or buy decision?

vertical


Who makes make or buy decision?

the manufacturer and the customer


Who takes Make-Or-Buy Decision?

based on the value and quantity the decision taken by purchase head /Management


What factors have to be taken into account in a make or buy decision?

total cost


What are the factors of a firm consider while make or buy decision?

A successful job interview


What are the qualitative factors to be considered in a make or buy or outsourcing decision?

Cost of labor, time, storage


Where should the consumer make a decision on which vehicle to purchase?

Don't buy off of dealerships. You should comparison shop then make a descision.


To make no decision is to make a decision what does that mean?

You have to make a decision to not make a decision. It means what it means.The phrase indicates that failing to change the status quo is also a decision, when either choice would change that condition or the circumstances under which it would be considered. For example : if the choice is to buy white socks or blue socks, failing to decide means you have no new socks of any color. In many cases, it could mean that the decision (or change) will be made by another person or event.


What percentage of the consumer population in the US are ready to make a decision and buy?

Not all consumers are informed with info before they buy. Hence the word impulse buyer.


How do I determine the best stroller to buy?

You can read reviews on the websites. That is always helpful when trying to make a purchase decision.

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