08-18-2006, 09:08 PM
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Administrator
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Join Date: Sep 2005
South Africa
Posts: 115
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In-source vs Outsource
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According to APICS:
The act of deciding whether to produce an item internally or buy it from an outside supplier. Factors to consider in the decision include costs, capacity availability, proprietary and/or specialized knowledge, quality considerations, skill requirements, volume, and timing.
Source: http://www.apics.org/ (10th ed.)
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Is profit made when you buy or when you sell?
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