Towards “20/20 vision” in 2020

It’s hard to believe, but already the third decade of this century is around the corner.  This certitude had me reflecting this week as I commuted to the optometrist. Most adults have an annual ritual of going to an optometrist for an eye exam. They emerge with a prescription for new lenses or, in some cases, reasons for laser eye surgery. Stated another way, they benchmark their vision against an established standard and take corrective action when anomalous outcomes develop....

Data, Mastery and Culture: Part 1

When I conceived of Freebenchmarking.com, I believed that profiling material’s spending against real market prices would be a valuable metric for companies buying electronic components. When we added the ability to identify and quantify actionable savings at the component level, this metric transformed into an invaluable tool for cost management. That was our belief. Over the years we have seen our tool applied across all market segments and, like all tools, the results are best in the hands of craftsmen. As...