Make - or - Buy Approach for Manufacturing Firms <Tab/>A manufacturer company usually has the option of either buying semi-finished goods for the production of their goods or making product itself. Such decisions are usually made by a company's top management as part of the overall planning for company operations. Firstly, before proceeding, let's define what make-or-buy approach is. According to Krajewski and Ritzman (1996), the decision whether to implement backward …showed first 75 words of 783 total…

…showed last 75 words of 783 total…it need to get from outside. Firstly, a company must seriously consider evaluating all costs as well as factors mentioned above and make a judgment and both positive and negative sides on both the approaches' effect over the company's long term operations and profitability. Therefore, it is unwise for a company to follow its competitors' steps in either taking the steps of making-or-buying as because every company is different and have its own maximum capabilities.