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4 ways to calculate the cost of making a part versus buying it
Deciding to make a product can be more expensive for manufacturers than buying it unless all costs are considered, writes Kevin Carson of Firefly Consulting. He recommends comparing the total cost of ownership, considering how making a part fits into a strategic plan, evaluating the real newness of a part and making sure internal costing is accurate.
IndustryWeek (1/16)
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