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Explain how procurement should decide whether to make or buy a product or service.
Suggested Answer: A
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34 comments · newest first
ED
Edda
11 months ago
I think it depends on the market conditions too!
PE
Pete
11 months ago
Wait, is it really that simple?
AM
Amie
12 months ago
It's all about value, right?
AN
Annelle
12 months ago
Totally agree, but sometimes buying can be cheaper!
FR
Francene
1 year ago
Core products should definitely be made in-house.
AD
Adelle
1 year ago
I vaguely recall something about core competencies influencing the decision. If it’s not a core competency, it makes sense to buy, but I’m not clear on how to identify those competencies accurately.
NO
Norah
1 year ago
I feel like there was a practice question that asked about risk assessment in make or buy decisions. I think understanding the risks involved is just as important as the cost.
AM
Amber
1 year ago
I think we also talked about cost analysis in class. It’s crucial to compare the total costs of making versus buying, but I’m not entirely sure how to weigh those factors effectively.
EM
Emile
1 year ago
I remember discussing the importance of aligning the make or buy decision with the company's strategic goals. It really helps to clarify which option adds more value.
QU
Quentin
1 year ago
I'm a bit confused on how to actually evaluate if something is "core" to the organization. Any tips on making that assessment?
CA
Casie
1 year ago
I got this! Identify the strategic importance, then decide whether to manufacture internally or purchase externally. Simple as that.
AU
Audra
1 year ago
Okay, the key is to evaluate if it's a strategic, core function that should be kept in-house, or if it's better to outsource. Gotta weigh the pros and cons.
LA
Lashawn
1 year ago
Hmm, not sure I fully understand the difference between core and non-core products/services. Need to review that concept.
NI
Nilsa
1 year ago
This is a pretty straightforward question, just need to think through the key factors in a make-or-buy decision.
AR
Arminda
1 year ago
Ah, I think I know the answer to this one. Based on my understanding of how the platform works, the search terms would be captured as a query string parameter. That makes the most sense to me.
LU
Luz
1 year ago
I think option C sounds right because it lists multiple types that can't be used as keys, which aligns with what we studied. Need to double-check though!
KA
Kaitlyn
1 year ago
I recall similar practice questions that highlighted Cisco's approach to being customer-focused. That might lead us to select option B too, but I could be wrong.
KA
Kate
1 year ago
I'm a little confused by the wording of the question. Is it asking about the integration capabilities or the requirements for a resilient and scalable deployment? I'll need to think through this carefully.
CA
Carli
2 years ago
This is a textbook-perfect response. I could almost hear the procurement professor lecturing on this topic. Very well-structured and informative.
LA
Laurene
1 year ago
User 3
CA
Caitlin
1 year ago
User 2
WY
Wynell
1 year ago
User 1
CA
Catarina
2 years ago
Haha, I wonder if the 'make' option involves duct tape and a 3D printer. Jokes aside, this is a solid explanation of a fundamental procurement concept.
LE
Lelia
1 year ago
Lauran: Exactly! It's all about adding value to the organization.
HO
Hollis
1 year ago
User 3: So, if it's core, we make it, and if not, we buy it?
LA
Lauran
1 year ago
User 2: Definitely! But it's more about core vs non-core products or services.
EL
Elin
1 year ago
User 1: Haha, duct tape and a 3D printer would be interesting!
EL
Elke
2 years ago
The answer provides a clear framework for evaluating make-or-buy decisions. I like how it emphasizes aligning the decision with the organization's strategic goals.
JO
Jose
2 years ago
This question covers the key factors to consider in a make-or-buy decision. The explanation covers the core concept well - focusing on whether the item is strategic and which option adds more value.
HO
Hobert
1 year ago
User 2
BE
Beth
1 year ago
User 1
LA
Lawanda
2 years ago
In my opinion, if the product or service is not core to the organization, it makes sense to buy it from an external supplier.
AL
Alba
2 years ago
I agree with Nobuko. It's important to consider which option will add more value to the organization's strategic goals.
NO
Nobuko
2 years ago
I think procurement should decide based on whether the product or service is core to the organization.