The decision to make or buy extends beyond
manufacturing, encompassing human resources, information
technology, maintenance, and other fundamental business
functions. Chief procurement officers have a key role to
play in helping business units make these decisions
given the skills and objective perspective their teams
bring to the effort. This Perspective explores the
dynamics of make-or-buy decisions and presents a
framework to help companies make the right decisions.
The framework is built on three key pillars — business
strategy, risks, and economic factors.