A cost-benefit analysis is a decision-making tool. It is a process of adding up the benefits of doing something or buying something and subtracting the costs to help us decide whether that purchase or action is worthwhile.
Whether building an organization or society, manufacturing a coordinate measuring machine, or using that CMM to ensure only the highest-quality products leave your plant, being organized is key.
It’s been said that the human body is a marvel, the greatest machine ever designed. It’s not hard to find confirmation of that statement in the other machines man has designed and built.
This month’s Quality delves into the idea of things coming back around, but it is by no means innocuous. Reshoring, or insourcing, is a hot topic of conversation amongst companies that continue to strive to bring themselves closer to their customers.