process-optimization

Vocabulary Word

Definition

'Process-optimization' means making changes to a process to make it better. This might mean tweaking steps so they happen in a better order, minimizing waste, or improving efficiency overall.

Examples in Different Contexts

In operations management, 'process optimization' involves analyzing and improving existing business processes to increase efficiency and reduce costs. An operations manager might explain, 'By focusing on process optimization, we've streamlined our supply chain, resulting in significant time and cost savings.'

Practice Scenarios

Operations

Scenario:

The amount of waste produced by our current production process is unsustainable. Let's discuss ways we might be able to modify the process.

Response:

Process optimization could help us cut down waste. We can redesign the production process to minimalize waste creation.

Business

Scenario:

Our supply chain has some evident inefficiencies that are delaying our deliveries. Let's plan a brainstorming session to discuss ideas to address these issues.

Response:

I think process optimization could be a solution. By refining certain steps, we could become more efficient and improve our delivery times.