Make or buy - the factors in a strategic review
There are four main phases to the strategic review of manufacturing operations that is the basis of the formulation of a new make or buy strategy: phase 1: initial business appraisal; phase 2: internal and external analysis; phase 3: generation and evaluation of strategic options; and phase 4: choosing the optimal strategy. The review is a team based activity, with the project team reporting directly to senior management. Individuals are selected to take part in the team on a combination of personal skills and knowledge of the business. More details of the team establishment and project setup are given in Chapter 5.
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