wk1 DQ2.docx - In every organization managers get confuse whether to make the product by themselves or to buy They keep on analyzing by choosing which

wk1 DQ2.docx - In every organization managers get confuse...

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In every organization managers get confuse whether to make the product by themselves or to buy. They keep on analyzing by choosing which they get maximum profit by minimizing their cost. It is really one of the hardest decision for a manager. He have to look after all while taking decision Make or buy decision is also known as outsourcing decision. It is a judgment made by management whether to make a component internally or buy it from the market [ CITATION Jan \l 1033 ] . While making the decision, both qualitative and quantitate factors must be considered. Qualitative factors are those factors whose decision outcomes that cannot be measured. Some examples of qualitative factors are: morale, customers, investors, community, control over quality of the component, reliability of suppliers, and impact of the decision on suppliers and customers. [ CITATION Bra18 \l 1033 ] In an organization manager should consider qualitative factors as part of his analysis for a proper decision. Quality factors should be take depending on the manager ability and investment
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  • Spring '18
  • professor newerze
  • Qualitative Research

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