May 13, 2015 | Mark Paradies

How much money does your company lose choosing the CHEAPEST answer rather than the BEST answer?

Last week I had someone contact me on LinkedIn to ask if I knew of any free root cause analysis tools to use to investigate accidents.

FREE?

Yup, they exist. But would you bet your career, your management’s future, and people’s lives on a free answer to significant problems?

Haven’t you heard the old saying:

You get what you pay for!

That got me thinking … How much money do companies lose choosing the cheapest answer rather than the best answer?

Not long ago I saw an article by equipment reliability expert Heinz Bloch about the the true cost of quality. It was an eye opener. (By the way, did you know that Heinz is presenting three talks at the 2015 Global TapRooT® Summit?)

And how many people have you seen that recommend cheap training answers for corrective actions that you know won’t be effective. The incident will happen again causes more loses.

I had someone else tell me that their company was saving money by not having people attend the 2015 Global TapRooT® Summit even though the Summit is guaranteed to produce a return on investment of 10 times the Summit’s cost. They are missing guaranteed improvements and falling behind those who aren’t:

Penny wise and pound foolish.

Don’t make the same mistake.

Adopt the best answer and save.

Attend the 2015 Global TapRooT® Summit on June 3-5 in Las Vegas. Register at:

http://www.taproot.com/taproot-summit/register-for-summit

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