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hing they had been making inhouse. ?Typically handled by materials management function. 5 Make or Buy ?Current trend favors outsourcing all activities that do not directly represent or support core petencies. ?Are there any dangers associated with aggressive outsourcing? What are the implications for JIT production? 6 Value Density ?Value per unit of weight ?Why is it important to know value per unit of weight? Is high value density good or bad? 7 Purchasing ?No longer just order takers…. ?Purchasing need to know – material – performance – availability – suppliers 8 The Firm as a Supplier ?In this chapter, we discuss the role of the firm as a buyer of goods and services. ?How does the perspective change when the shoe is on the other foot? 9 Partnership Relationship ?Continuing relationship invo