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A 10-digit inventory codification system was designed based on 7 rules for generic application and capability for 'make or buy' decisions on spare parts.
"It forces them to make those general 'make or buy' decisions that they might otherwise put off," he said.
But it makes sense to hold all your stocks forever only if every one of your "buy" decisions is perfect.
Make or buy decisions to build and operate a smart grid platform, as well as decisions to extract and inject electricity from an electricity network, should take into account the node-specific opportunity costs imposed on electricity networks by injection or extraction.
He added that the British game now had players "trying to buy decisions".
With the stock at $207 today, these were great buy decisions.
Similar(45)
In 1993 Boeing undertook a companywide review of its make or buy decision.
The sell decision is the key of a great investor, more so than the buy decision.
"It's a make versus a buy decision," says Stephen's Corcoran.
But, the "make or buy" decision is a management decision.
The results are robust in econometric terms, and suggest some new environmental implications of the standard 'make-or-buy' decisions of firms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com