make

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make

or

buy

the decision by a firm on whether to make a component or product itself or to buy it from an external supplier (see OUTSOURCING). The decision will depend upon the combined production costs and TRANSACTION COSTS of the alternatives. Sometimes a firm may adopt mixes of the two policies, producing some quantity of the product itself and buying the remainder, depending upon the relative costs of the sources and security of supply considerations. See TRANSACTION for a more detailed discussion. See INTERNALIZATION, VERTICAL INTEGRATION.
References in periodicals archive ?
The PERC Pico environment combines off-the-shelf tools with standards-based annotations, a verifier, and automated build tools to create efficient executables.
We are very excited to be working with Utah State University to build tools that will have an impact on our energy future," said Dave Schowalter, Lead Energy Business Services Engineer at Fluent.
Chandra will leverage his expertise to help Secure Software in the Company's ongoing commitment to build tools that enable the location and remediation of flaws in software code during the development lifecycle.