The word TAO (Theft, absenteeism, and obsolescence) means so many things to so many people. In this case, we are talking about how to find your organization’s inner peace around minimizing costs—minimizing the costs of making your product; minimizing the cost of employees not showing up to work; and minimizing the cost of theft and obsolescence. These are all ways that your organization bleeds money. Cost cutting will never be the focus of a thriving organization, but cost control, avoidance, and minimization are important components of any profitable business.
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