Module 3 . Product Development and Supply Chain
Buying or Manufacturing
Buying or Manufacturing - Sourcing
Manufacturing
Pros (Advantages) | Cons (Challenges) |
---|---|
You will have more control over the quality of the item that is being manufactured | The setup cost may be considerable |
Making it yourself means you're not dependent on too many other things going wrong | Your production process may be slow at first, or you might need a specific skill set that is expensive |
Maybe you can price lower than companies who need to pay other people in the supply chain | There may be insurance or legislative requirements that you need to get before you can start manufacturing |