The question as to whether a part should be made or bought is one that must be settled by the individual maker according to the value of his product, the nature of the part, his capital available for manufacturing purposes and the price at which his product is sold. The author describes the practice followed by some of the large companies, showing that in spite of their being quantity producers, they have found it desirable to buy a number of important parts. Certain parts are rarely made by automobile manufacturers, either because they can be bought more cheaply or because the machinery to produce them is intricate.
The author sums up the problem by stating that a manufacturer makes the unit on account of not getting deliveries or because he does not get a fair price from the parts maker or an article good enough to satisfy his conditions. In order to give individuality to the product, the car maker often produces certain parts, such as the engine, himself. In conclusion, the paper pays a tribute to the standardization work conducted by the Society.
