In procurement, a final price in an ERP can hide hundreds of emails, spreadsheets, supplier conversations, engineering analyses, and decisions across legal, finance, and operations.
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Capitalism is a system for generating testable hypotheses about value. Most hypotheses fail. The error isn't in failing — it's in refusing to run the experiment cheaply enough that failure remains survivable.
Michael Mauboussin — More Than You Know: Finding Financial Wisdom in Unconventional Places
The best time to buy a house is always five years ago. The best time to start a company is always five years ago. The best time to invest is always five years ago. Waiting for certainty is just a sophisticated way of opting out.
Paul Graham — Y Combinator office hours transcript
What we've learned is that you don't want to do too much innovation in one node, because the more innovation that you do, the more complex it becomes. While you'll be able to get that to work, you need to hit a certain schedule, and that's the schedule that your customer ultimately wants.
Chris Auth