One of horses running at today's Grand National here in the UK was called Buywise, which eventually came in 12th. Had Buywise won I would have taken home £205, but instead I lost £5.
I wonder if that's what happens in a lot of organisations? They aspire to buy wisely but it doesn't turn out as they expect, and costs increase instead?
I think that might be because it's too easy to put all our money on chasing the price reductions, and ignoring the other opportunities, and obtain value more broadly through reducing costs, increasing revenue or reducing risks.
Who will you put your money on - Buywise or the other 11 runners who came ahead of it in today's race?