operational-efficiency

Vocabulary Word

Definition

'Operational efficiency' is all about producing the most output with the least input. In a business, it means creating a system where everything is done in the most effective and least wasteful way.

Examples in Different Contexts

In non-profit organizations, 'operational efficiency' is crucial for maximizing the impact of limited resources. An NGO director might state, 'Our focus on operational efficiency ensures that a greater portion of donations go directly to our programs.'

Practice Scenarios

Tech

Scenario:

Our platform has been lagging with heavy data load. Perhaps we should reconsider our current infrastructure.

Response:

Adopting cloud-based solutions might enhance our operational efficiency and give us scalability too.

Supply Chain Management

Scenario:

With the increase of online orders, we need to revise our delivery process. Any suggestion for cost-effective improvements?

Response:

Investing in a smart tracking system could improve operational efficiency and ensure timely delivery.