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Strategic Pillars in Make or Buy Decision Making : A Position Paper

Author

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  • Emma Serwaa Obobisa
  • Chen Hai-bo
  • Henry Asante Antwi
  • John Osei Antwi
  • Michael Owusu Akomeah

Abstract

Make or buy decision is one of the input techniques for management practice. Due to global outsourcing, make or buy decision has become popular and frequent. Continuous increase in the normal of manufacturing and service industries across the globe has made numerous number of suppliers offering products and services for a less price. This has improved the global product and service markets by giving the consumer the ultimate advantage. The decision involves various departments in the production process. Yet make or buy decision is not without its intricate conundrums. This review evaluates the convergence of experiential wisdom regarding make or buy decision making points. We conclude by pre-empting the debate to explore other hidden dynamics of make-or-buy decisions (especially in a constantly changing global economy) and present time tested and more robust integrated framework to help companies make the right decisions

Suggested Citation

  • Emma Serwaa Obobisa & Chen Hai-bo & Henry Asante Antwi & John Osei Antwi & Michael Owusu Akomeah, 2017. "Strategic Pillars in Make or Buy Decision Making : A Position Paper," International Journal of Scientific Research in Computer Science, Engineering and Information Technology, International Journal of Scientific Research in Computer Science, Engineering and Information Technology, vol. 2(2), pages 956-965, April.
    • Handle: RePEc:jbh:ijsrcs:v2:y2017:i2:id:hcseit1722266
    Note: Article URL: https://ijsrcseit.com/CSEIT1722266
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