Operational efficiency
What is
Operational efficiency
Operational efficiency is the ability of companies to operate on a daily basis in a cost-effective manner. Processes are set in such a way that they are cost effective and that their outputs are of high quality.
Related terms and methods:
- Availability
- Business Process Improvement
- Cost-cutting
- Deming Cycle (PDCA Cycle)
- DMAIC - Improvement Cycle
- Efficiency
- Kaizen
- Maintainability
- Price–performance ratio
- Productivity Improvement
- Profit
- RAMS - Reliability, Availability, Maintainability, and Safety
- Reengineering
- Resource utilization
- Six Sigma
- Total Cost of Ownership (TCO)
Related management field:
Last update: 25.08.2018
Comments
You cannot contribute to the discussion because it is locked