When Purchasing Software or Developing In-House Software

question 114

Multiple Choice

When purchasing software or developing in-house software,

• A) cost should be the only factor.
• B) extensive testing of the software is generally not required.
• C) a team of both IT and non-IT personnel should be involved in the decision process.
• D) the librarian and the IT manager should be the only ones involved in the decision process.

---

Definitions:

Aggregate Planning

A process in operations management aimed at determining the optimal levels of production, inventory, and workforce to meet forecasted demand over a medium-term horizon.

Demand Options

Various strategies that businesses can use to manage and respond to customer demand for their products or services.

Capacity Options

Strategies a business may use to adjust its production capacity in response to fluctuations in demand.

Yield Management Software

Software tools designed to optimize pricing and inventory allocation to maximize revenue, commonly used in industries like travel and hospitality.