When we talk about purchasing, a lot of people would say I want the cheapest price. Yes, no body wants to pay extra when they can get the cheapest price. But, here I want to say”NO”.
It’s good to save money, but when they idea of getting the lowest is full of your mind it becomes very dangerous. A good story has been prevalent in Taiwan is about an old lady who never wore a pair of fit shoes. The reason is she thinks the biggest one is the cheapest since same shoes are same price no matter what size are they. So, that lady always buy the biggest shoes.
We might not be serious as that Taiwanese old lady, but we have the conception as well. I see great people bought a wardrobe of clothing that they never gonna wear. Why? Because they thought it was really cheap. But they never thought the chance of wearing those.
Working in the mechanical industry, I also see a lot people missed their direction when they do their investment. People always what the cheapest price, but will the machine be useful and how much is that possibility. Most of the time, the machine neither poor quality nor doesn’t fit with their production.
I think the cost-effectiveness comes from the customers’ use experience. We can not judge a product just from the price, that’s a bit one sided. We need to choose the fittest one, that’s what we need and what good for us.