operational efficiency:

How Can Entrepreneurs Measure Operational Efficiency?

Measuring operational efficiency involves tracking various key performance indicators (KPIs). Some important KPIs include:
Cost Per Unit: The total cost involved in producing a single unit of product or service.
Cycle Time: The time taken to complete a process from start to finish.
Employee Productivity: Output per employee within a specific period.
Customer Satisfaction: Often measured through Net Promoter Scores (NPS) or customer feedback.
Inventory Turnover: The rate at which inventory is sold and replaced over a specific period.

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