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Article: A decision support framework for strategic purchasing

TitleA decision support framework for strategic purchasing
Authors
KeywordsCost accounting
Decision support systems
Mathematical models
Societies and institutions
Strategic planning
Issue Date2000
PublisherElsevier 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?
AbstractThis 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 Identifierhttp://hdl.handle.net/10722/225166
ISSN
2015 Impact Factor: 2.359
2015 SCImago Journal Rankings: 1.464

 

DC FieldValueLanguage
dc.contributor.authorHumphreys, PK-
dc.contributor.authorLo, VHY-
dc.contributor.authorMcIvor, RT-
dc.date.accessioned2016-04-26T07:50:15Z-
dc.date.available2016-04-26T07:50:15Z-
dc.date.issued2000-
dc.identifier.citationJournal of Materials Processing Technology, 2000, v. 107 n. 1-3, p. 353-362-
dc.identifier.issn0924-0136-
dc.identifier.urihttp://hdl.handle.net/10722/225166-
dc.description.abstractThis 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.languageeng-
dc.publisherElsevier SA. The Journal's web site is located at http://www.elsevier.com/locate/jmatprotec-
dc.relation.ispartofJournal of Materials Processing Technology-
dc.subjectCost accounting-
dc.subjectDecision support systems-
dc.subjectMathematical models-
dc.subjectSocieties and institutions-
dc.subjectStrategic planning-
dc.titleA decision support framework for strategic purchasing-
dc.typeArticle-
dc.identifier.emailHumphreys, PK: pkhumphr@hkucc.hku.hk-
dc.identifier.emailLo, VHY: vhylo@hkucc.hku.hk-
dc.identifier.doi10.1016/S0924-0136(00)00729-9-
dc.identifier.scopuseid_2-s2.0-0034317379-
dc.identifier.hkuros63124-
dc.identifier.volume107-
dc.identifier.issue1-3-
dc.identifier.spage353-
dc.identifier.epage362-
dc.publisher.placeSwitzerland-

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