operational efficiency

Language: en

📖 Definitions

  1. The ability of an organization or business to deliver products or services in the most cost-effective manner possible while maintaining high quality and minimizing waste.; The degree to which a technical system, machine, or process functions smoothly, accurately, and effectively to achieve its intended purpose.

💬 Examples

  1. The company implemented new software to improve its operational efficiency and reduce costs.

  2. This step was crucial for ensuring the safety and operational efficiency of the ongoing scientific experiments aboard the orbiting laboratory.