The Bird Poop Test, Part #1 (#61)

<p>In today&#39;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.</p><p>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.</p><p>The latest topic of discussion on Vision Tech Perspectives is concerning ROI. However, we aren&#39;t talking about a new calculator or tool or service. We&#39;re going back to the basics. </p><p>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&#39;s sitting too much and, maybe, some hard decisions need to be made.</p><p>We also talk about Maximum Economic Yield and Law of Diminishing Returns. Tools that have been used for decades.</p><p><br></p><p>Join us for the latest conversation on Vision Tech Perspectives</p><p>#VisionTechPerspectives</p><p>https://visiontechmgmt.com/resources/podcast/ </p>