MBA FP6235 Assessment 3 2.docx MBA-FP 6235 MBA-FP 6235 Assessment 3-2 Procurement Decis

MBA FP6235 Assessment 3 2.docx  MBA-FP 6235  MBA-FP 6235 Assessment 3-2  Procurement Decisions and Vendor Selection  Cappella University  Introduction  An increasing awareness of the importance of makeorbuy decisions is a fundamental dilemma faced by companies as the realization of having finite resources points and acknowledging that having all manufacturing technologies inhouse is unaffordable (Cánez, Platts, & Probert, 2000).  Having a process and understanding the importance of making critical acquisition or manufacturing decisions can be directly tied to profitability and health of a department or company. This  paper will walk through a make-or-buy checklist as it applies to a choice of vendors and suppliers associated with an e-commerce business.  Part 1: Make-or-Buy Analysis  The acquisition or procurement process involved in making a decision of either developing and producing within a company (in-house) or using some other source (outsourcing) is the make-or-buy aspect of procurement (Gunasekaran & Ngai, 2012).  In the structured  process described by the Guide to the Project Management Body  of Knowledge (PMBOK), the make-or-buy decision would commonly take place during the plan procurement management process of a project. During this planning stage, the predictions of what is needed to complete the project are documented. This  is based on analyzing of what can be accomplished in-house and what requirements may be outsourced. Recording these predictions and decides and ensuring a logical app