Procurement management follows a logical order. First, you plan what you need to
Procurement management follows a logical order. First, you plan what you need to
Procurement management follows a logical order. First, you plan what you need to contract; then you plan how you’ll do it. You need to start with a plan for the whole project. Before doing anything else, you need to think about all of the work that you will contract out for your project. You will want to plan for any purchases and acquisitions.
Make-or-Buy Analysis means figuring out whether or not you should be contracting the work or doing it yourself. It could also mean deciding whether to build a solution to your problem or buy one that is already available.
Externally buying vs. internally building technology solutions (consider databases and ERP systems), which approach would be the most viable for organizations? Why?
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