How expensive is cheap?

 

Cheap is wonderful at the moment of purchase.
The quotation is lower. The spreadsheet looks better. Someone gets congratulated for saving 20%.
 

Then the other invoices start arriving.
 

The supplier needs more supervision. The material doesn't last as long. The person you hired cheaply needs the work redone. Customers complain. Your team spends three weeks fixing something that should have taken three days.
 

Of course, expensive doesn't automatically mean good either. Paying more is not a strategy.
 

The real question is not, "How much does this cost?"
 

It is, "What will this cost?"
 

One looks at the invoice. The other looks at the consequence.
 

Is your cheapest decision becoming your most expensive one?

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