One of the keys to success in any business endeavor is to avoid the pitfalls experienced by other companies that have traveled down the same road before you. Here are 12 important things to consider when pondering the make or buy decision.
Manufacturing engineers typically consider building equipment internally for three reasons: cost, control and competitive edge. But, do-it-yourself projects tend to tie up personnel, facilities and development time. The answer to the make or buy question typically depends on factors such as time constraints, the size and structure of the manufacturer and its engineering department, the assembly application and the type of machine.