production-efficiency

Vocabulary Word

Definition

Production efficiency is a concept where goods or services are produced at the lowest cost but with the highest output. Like making the most cups of coffee possible from a bag of beans without sacrificing taste.

Examples in Different Contexts

In industrial operations, 'production efficiency' measures how well a manufacturing or production process converts inputs into outputs without waste. An industrial engineer might say, 'Improving production efficiency can significantly reduce costs and increase output by optimizing resource use and streamlining processes.'

Practice Scenarios

Tech

Scenario:

Our code delivery time has been increasing recently. It might be helpful to review our development processes.

Response:

If we introdued pair programming, we could potentially increase the production efficiency.

Sustainability

Scenario:

The amount of recyclable waste from our production has increased. We might need to come up with more innovative recycling solutions.

Response:

Sourcing materials more sustainably could boost our production efficiency while also reducing waste.