REY ELBO
PLENTY. For one, there’s no guarantee that you’ll get the best product or service as many winning lowest bidders will economize on materials, labor or even short-circuit the production process if only to profit out of it. This practice runs counter to the advice of American genius W. Edwards Deming (1900-1993) who said that people and organizations must: “End the practice of awarding business on the basis of a price tag. Instead, minimize total cost. Move toward a single supplier for any one item, on a long-term relationship of loyalty and trust.”