Although you plan to do all of your own manufacturing in the near term, you are confident that as volume grows, you may want to consider outsourcing some of your operations because it will free up space in your factory.
In a board meeting, the board asks you to respond to the following questions:
- What are at least 5 considerations you will need to take into account when you make a make-decision versus a buy decision at some point in the future?
- Explain at least 5 reasons why these risk are important to consider.