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Assignment:
In accordance with the lecture videos, could you please elucidate the fundamental reasons why a corporation might opt to manufacture in-house (make) versus procuring from external suppliers (buy)? Additionally, when faced with the decision of make versus buy, what are the comprehensive factors that lead to this determination? How does the consideration of suppliers factor into these decisions, and can you provide a real-world example where it would be advantageous to produce products or services internally?
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Nittany Fans of Lewistown, Pennsylvania, is a distributor of industrial fans used in plants, warehouses, and other industrial facilities.
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Briefly define the following two supply chain metrics: (i) inventory turnover ratio and (ii) supply chain velocity.
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