Register now or log in to join your professional community.
Select one:a. key operational decisions.b. key tactical decisionsc. key strategic decisionsd. All the Above
I think all of these process of making or buying ,in sourcing or outsourcing refers to prior strategic decisions.
From the given options, the make or buy and in / out sourcing decisions are key strategic decisions.
c option .
C. key strategic decisions is the correct answer for this question.
C Key Strategic Decisions is the right answer
Hello Team,
One of the most critical decisions made in any firm concerns make or buy. When any firm starts its life, a whole series of make-or-buy decisions need to be made and as the firm grows and as it adds or drops products and/or services from its offerings, make-or-buy decisions continue to be made.
Before we proceed to explore other elements of the make-or-buy decision, let us first distinguish the difference between in-sourcing and outsourcing in relation to make-or-buy decisions:
1. In-sourcing: Refers to reversing a previous buy decision. An organisation chooses to bring in-house an activity, product or service previously procured from outside.
2. Outsourcing: Reverses a previous make-decision. Thus, an activity, product or service previously done in-house will be procured from outside.
For any brand new product or service, make-or-buy decisions need to be made. Later, in view of new internal and external circumstances, these previous make-or-buy decisions are reviewed and some or all may be reversed. Clearly, there is a major role to play for Procurement in make or buy as well as in-sourcing or outsourcing.
Regards,
Saiyid
thanks for invition ,,,,,,,,,,
my choice is option C
The right answer is C. key strategic decisions
