How can a company decide where to concentrate its expertise? Why are
some companies better at exploiting their strengths than others? Is
there a link between the range of a company's activities and its success
and profitability?
These are just some of the questions at the heart of a make or buy
strategy for manufacturing business. Most companies will face issues
such as these at some time or other, and in resolving them will
determine the future shape of the business - for better or worse.
Based on original research and case experience, this book presents a
structured approach to making these important decisions. By drawing on
the collective knowledge of people in the company, a make or buy
strategy can be developed which focuses manufacturing capability on the
factors critical to business success.
The key aspects covered include:
- the links between business strategy, vertical integration in
manufacturing industry, and business performance;
- why a make or buy strategy is central to manufacturing capability and
business results;
- the difference between strategic, tactical and component make or buy
issues;
- the best practice approach to make or buy decisions;
- what is involved in developing an optimal make or buy strategy for a
business;
- how to apply the approach to your own business.
The book is aimed at directors and managers from manufacturing companies
concerned with developing their capabilities and focusing their
strengths, but many other people in manufacturing, finance, engineering,
purchasing and service operations will find something of value in this
book.