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- Publisher Website: 10.1016/S0924-0136(00)00729-9
- Scopus: eid_2-s2.0-0034317379
- WOS: WOS:000165670200048
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Article: A decision support framework for strategic purchasing
Title | A decision support framework for strategic purchasing |
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Authors | |
Keywords | Cost accounting Decision support systems Mathematical models Societies and institutions Strategic planning |
Issue Date | 2000 |
Publisher | Elsevier SA. The Journal's web site is located at http://www.elsevier.com/locate/jmatprotec |
Citation | Journal of Materials Processing Technology, 2000, v. 107 n. 1-3, p. 353-362 How to Cite? |
Abstract | This paper illustrates that the make or buy is a strategic decision and has implications for the overall corporate strategy of the organisation by describing a model which involves analysing a number of strategic factors. In recent years, many companies have been moving significantly away from “making” towards “buying”. However, research has revealed that make or buy decisions are rarely taken within a thoroughly strategic perspective. It has been shown that many firms adopt a short-term perspective and are motivated primarily by the search for short-term cost reductions. It is argued that make or buy decisions are made most frequently by default with little consideration for the long-run competitiveness of the organisation. An outline of three key problems encountered by companies in their efforts to formulate an effective make or buy decision is presented, in order to illustrate the weaknesses in current make or buy practice. The make or buy model described in this paper attempts to overcome these problems by offering an organisation a conceptual framework to follow in the sourcing decision. |
Persistent Identifier | http://hdl.handle.net/10722/225166 |
ISSN | 2023 Impact Factor: 6.7 2023 SCImago Journal Rankings: 1.579 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Humphreys, PK | - |
dc.contributor.author | Lo, VHY | - |
dc.contributor.author | McIvor, RT | - |
dc.date.accessioned | 2016-04-26T07:50:15Z | - |
dc.date.available | 2016-04-26T07:50:15Z | - |
dc.date.issued | 2000 | - |
dc.identifier.citation | Journal of Materials Processing Technology, 2000, v. 107 n. 1-3, p. 353-362 | - |
dc.identifier.issn | 0924-0136 | - |
dc.identifier.uri | http://hdl.handle.net/10722/225166 | - |
dc.description.abstract | This paper illustrates that the make or buy is a strategic decision and has implications for the overall corporate strategy of the organisation by describing a model which involves analysing a number of strategic factors. In recent years, many companies have been moving significantly away from “making” towards “buying”. However, research has revealed that make or buy decisions are rarely taken within a thoroughly strategic perspective. It has been shown that many firms adopt a short-term perspective and are motivated primarily by the search for short-term cost reductions. It is argued that make or buy decisions are made most frequently by default with little consideration for the long-run competitiveness of the organisation. An outline of three key problems encountered by companies in their efforts to formulate an effective make or buy decision is presented, in order to illustrate the weaknesses in current make or buy practice. The make or buy model described in this paper attempts to overcome these problems by offering an organisation a conceptual framework to follow in the sourcing decision. | - |
dc.language | eng | - |
dc.publisher | Elsevier SA. The Journal's web site is located at http://www.elsevier.com/locate/jmatprotec | - |
dc.relation.ispartof | Journal of Materials Processing Technology | - |
dc.subject | Cost accounting | - |
dc.subject | Decision support systems | - |
dc.subject | Mathematical models | - |
dc.subject | Societies and institutions | - |
dc.subject | Strategic planning | - |
dc.title | A decision support framework for strategic purchasing | - |
dc.type | Article | - |
dc.identifier.email | Humphreys, PK: pkhumphr@hkucc.hku.hk | - |
dc.identifier.email | Lo, VHY: vhylo@hkucc.hku.hk | - |
dc.identifier.doi | 10.1016/S0924-0136(00)00729-9 | - |
dc.identifier.scopus | eid_2-s2.0-0034317379 | - |
dc.identifier.hkuros | 63124 | - |
dc.identifier.volume | 107 | - |
dc.identifier.issue | 1-3 | - |
dc.identifier.spage | 353 | - |
dc.identifier.epage | 362 | - |
dc.identifier.isi | WOS:000165670200048 | - |
dc.publisher.place | Switzerland | - |
dc.identifier.issnl | 0924-0136 | - |