My apologies for the audio issues on the previous post of episode #61.
This is a corrected version. Thank you for your patience and understanding.
In today's world, we get caught up in all of the new widgets that are supposed to help us to be better at what we do.
And in the business environment, ROI (Return on Investment) is one of the biggest concerns for any operation when deciding whether or not to make a purchase or, if it is something that is already in the operation, whether or not to purge from the operation.
The latest topic of discussion on Vision Tech Perspectives is concerning ROI. However, we aren't talking about a new calculator or tool or service. We're going back to the basics.
Doug brings up one of the most basics of determining factors. The Bird Poop Test. Namely, if your equipment has a lot of bird poop on it, that means it's sitting too much and, maybe, some hard decisions need to be made.
We also talk about Maximum Economic Yield and Law of Diminishing Returns. Tools that have been used for decades.
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