2 ms·
minimizing total cost yes, but bidding wars on contract by contract leads to bad outcomes because the incentive is against doing the what is needed until its to
by andrekandre 5y ago
minimizing total cost yes, but bidding wars on contract by contract leads to bad outcomes because the incentive is against doing the what is needed until its too late
its better to have trusted suppliers and relationships that lead to long term waste (cost) reductions and quality output (you know your client and your client knows you)
deming said it better than i can: https://deming.org/minimize-total-cost/ https://deming.org/minimize-total-cost/