Module 3 . Product Development and Supply Chain

Buying or Manufacturing
Buying or Manufacturing
Buying or Manufacturing - Sourcing
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 wrongYour 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 chainThere may be insurance or legislative requirements that you need to get before you can start manufacturing