process efficiency
Process efficiency refers to the ability of a system or operation to maximize output while minimizing input. This means achieving the desired results with the least amount of resources, such as time, money, and materials. High process efficiency often leads to cost savings and improved productivity, making it a key focus for businesses and organizations.
To measure process efficiency, various metrics can be used, such as cycle time, throughput, and waste reduction. By analyzing these metrics, companies can identify areas for improvement and implement strategies to streamline operations, ultimately enhancing overall performance and competitiveness in the market.