Efficiency

Efficiency is the quality of achieving the desired output with the least possible Waste of resources, time, or energy. It reflects how well a process or system transforms inputs into Output without loss.

See also

Linked from: Absolute Advantage, Algorithms, Arbitrage, Assembly Line, Automation, Best Practice, Best Practices, Business Operations, Business Performance, Business Process, Carnot Cycle, Catalyst, Changeover, Code Reusability, Compact Design, Completion Time, Compute Time, Concise, Convenience, Cost Analysis, Cost Effectiveness, Cost Reduction, Cycle Time, Digital Workflow, Diminishing Returns, Diseconomies Of Scale, Divide Conquer, Division Of Labor, Downsizing, Economies Of Scale, Economy Of Scale, Effectiveness, Energy Conservation, Energy Loss, Frugality, Fuel Injection, Gemba, Heat Loss, Heat Pump, High Performance, Incandescent Lamp, Just In Time, Killing Two Birds With One Stone, Lead Time, Leverage, Lightweight, Lite Plus, Low Budget, Main Production, Mechanical Advantage, Miniaturization, Minimal, Network Topologies, O5 Mini, Operational Efficiency, Operations, Operations Management, Optimal, Optimal Point, Optimal Scale, Optimal Size, Optimal Solution, Optimal State, Organizational Performance, Overhead, Packing Density, Pareto Principle, Performance Analysis, Performance Metrics, Power Consumption, Power Efficiency, Power Transfer, Prefabrication, Privatization, Process Improvement, Production Function, Production Theory, Productivity, Redundancy, Resource Management, Resource Sharing, Resource Utilization, Scalability, Scaling, Setup Time, Shortcut, Simple, Small Living, Space Saving, Specialization, Streamline, Superfly Machine, System Improvement, Throughput, Time Management, Time Sink, Time Tracking, Tracker Software, Trim, Value Stream, Wait Time, Workflow, Workflow Management, Workload, Yield, Zip

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