Before Make Or Buy Decision;3 Things You Must Follow

Decisions to “make or buy” must take it easy and after having considered all the advantages and disadvantages. Alliances established with suppliers they cannot dissolve overnight and on many occasions it is difficult to find substitutes. For this, you can take into account The next points:

■ Strategic importance: the ability to offer a better service than the competition is among the main factors of the decision to start a business.

■ The best provider: any activity business requires specific skills that may not appear among the team of direction. Therefore, we should ask ourselves: Is it convenient for the company to have these skills or it would be more advantageous to assign the task to a specialized supplier?

■ Availability: before making the decision to buy, we need to inform us if the product or service we require is available in the market, and if it meets the characteristics we ask. Whenever possible, we will take contact with several suppliers, in this way we will obtain better conditions and information complete information about what we want to buy.

by Abdullah Sam
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