If you hear the British idiom, “don’t be penny wise and pound foolish” it’s probably in the context of making an important decision. In other words, don’t cut corners to save small amounts of money because it could cost you more in the long run.
The same idiom applies to the decision to invest in product data management (PDM) software. Some companies choose to cut corners and skimp on PDM. They may think it’s too expensive, or takes too much time to set up, or that their engineers and designers won’t like the new process and it could slow down their productivity.READ MORE