resource-optimization

Vocabulary Word

Definition

'Resource-Optimization' is all about using resources most efficiently. Just like when you plan a car trip; you aim to use the least amount of gas and shortest route to reach your destination.

Examples in Different Contexts

In manufacturing, 'resource optimization' means using materials, machinery, and labor in the most efficient way to increase productivity and reduce costs. An operations manager might discuss, 'Resource optimization has enabled us to increase our output by 20% without additional costs.'

Practice Scenarios

Business

Scenario:

Our project budget has been reduced. We need to think of ways to still meet our objectives with less.

Response:

I propose we focus on resource-optimization to get the most out of our reduced budget.

Tech

Scenario:

The server keeps running out of memory at peak times. We need a solution that ensures better performance.

Response:

Let's initiate a resource-optimization strategy for our servers, it might help us manage the peak loads better.