Assignment task: Procurement planning is the process Tools and Techniques for Procurement Planning Make-or-buy analysis. This is a general management technique which can be used to determine whether a particular product can be produced cost-effectively by the performing organisation. Both sides of the analysis include indirect as well as direct costs (Handfield and Monckza, 2014). For example, the "buy" side of the analysis should include both the actual out-of-pocket cost to purchase the product as well as the indirect costs of managing the purchasing process. A make-or-buy analysis must also reflect the perspective of the performing organisation as well as the immediate needs of the project. For example, purchasing a capital item (anything from a locomotive to a personal computer) rather than renting it is seldom cost effective. However, if the performing organisation has an ongoing need for the item, the portion of the purchase cost allocated to the project may be less than the cost of the rental Expert judgment. Expert judgment will often be required to assess the inputs to this process. Such expertise may be provided by any group or individual with specialised knowledge or training and is available from many sources including: o Other units within the performing