Comments on: Overreacting to economic downturn? http://www.techforecasters.com/weblog/archives/overreacting-to-economic-downturn/ Read what our thought leaders are thinking, in our every-other-Friday TFI blog entries. Sign up with your favorite RSS Feed service and get an automated alert whenever there's a new posting to the TFI Weblog. Wed, 10 Mar 2010 04:05:22 -0600 http://wordpress.org/?v=2.8 hourly 1 By: schepp http://www.techforecasters.com/weblog/archives/overreacting-to-economic-downturn/comment-page-1/#comment-21528 schepp Fri, 15 May 2009 11:16:56 +0000 http://www.techforecasters.com/weblog/?p=263#comment-21528 Even in bad times, companies can base their decisions on analysis. For example, we have a high number of part fallout (BGAs) in Production. If we had a machine to test these BGAs in-house, that might save us money. The cost-benefit analysis needs to be done in order to make a decision. Similarly, we are thinking about consolidating our customer part numbers into an internal part numbering system. -Schepp Even in bad times, companies can base their decisions on analysis. For example, we have a high number of part fallout (BGAs) in Production. If we had a machine to test these BGAs in-house, that might save us money. The cost-benefit analysis needs to be done in order to make a decision. Similarly, we are thinking about consolidating our customer part numbers into an internal part numbering system.

-Schepp

]]> By: Glenn http://www.techforecasters.com/weblog/archives/overreacting-to-economic-downturn/comment-page-1/#comment-20930 Glenn Fri, 01 May 2009 18:13:59 +0000 http://www.techforecasters.com/weblog/?p=263#comment-20930 Business decisions made without analysis are usually bad decisions. Just reacting with gut decisions are usually not good for the employees or the business. A good business decision needs to involve cost-benefit analysis, or at least as comparison of the advantages and disadvantages of taking a particular action. Even in bad times, companies can base their decisions on analysis. For example, we have a high number of part fallout (BGAs) in Production. If we had a machine to test these BGAs in-house, that might save us money. The cost-benefit analysis needs to be done in order to make a decision. Similarly, we are thinking about consolidating our customer part numbers into an internal part numbering system. What are the advantages and disadvantages of taking this action, how much will it cost, and how much will it save? This is the decision making process that needs to be performed. Business decisions made without analysis are usually bad decisions. Just reacting with gut decisions are usually not good for the employees or the business. A good business decision needs to involve cost-benefit analysis, or at least as comparison of the advantages and disadvantages of taking a particular action. Even in bad times, companies can base their decisions on analysis. For example, we have a high number of part fallout (BGAs) in Production. If we had a machine to test these BGAs in-house, that might save us money. The cost-benefit analysis needs to be done in order to make a decision. Similarly, we are thinking about consolidating our customer part numbers into an internal part numbering system. What are the advantages and disadvantages of taking this action, how much will it cost, and how much will it save? This is the decision making process that needs to be performed.

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