Accessibility links

MENU

+44 20 7436 3343

+Should you buy in or manufacture materials?

  1. Resources
  2. Your business
  3. Developing your business
  4. Business processes

At Butler+Co  we can provide businesses in the London area with assistance and advice on a wide range of business issues. The following checklist might help when deciding whether to buy in materials or manufacture them yourself...

Sometimes, manufacturers have difficulty in deciding whether to manufacture materials for a finished product in-house or to buy them in from outside.

Although the principal consideration is financial, there are also other factors that need to be weighed.

Print

The following checklist will help you focus on the most important factors:

  YES NO
Does demand for the finished product seem relatively buoyant for the foreseeable future?    
Does demand for the finished product tend to fluctuate?    
Do you have unused plant and labour that could be utilised to manufacture the materials?    
Could you achieve greater economies of scale by manufacturing in-house than you could by buying in?    
Would manufacturing in-house give you greater control over such things as the quality of the materials and delivery time?    
Could you manufacture in-house without having to recruit extra labour?    

Every 'Yes' answer is a case for manufacturing in-house.

If you are in the London area and are looking for support and help from experienced accountants and business advisers, contact Butler+Co .

Business processes

12 Aug 2020

UK economy falls into recession for first time in 11 years

Lockdown measures introduced as a result of the coronavirus (COVID-19) pandemic have pushed the UK economy into recession, data published by the Office for National Statistics (ONS) has revealed.

28 Jul 2020

Extending Making Tax Digital

Taking a look at the extension of Making Tax Digital to other taxes.