increased operational efficiency

How to Measure Operational Efficiency?

Measuring operational efficiency involves tracking various key performance indicators (KPIs). Some common metrics include:
Productivity: The output per unit of input.
Cycle time: The total time taken to complete a process.
Cost per unit: The total cost incurred to produce a single unit of product or service.
Error rates: The frequency of mistakes or defects in the production process.
Customer satisfaction: Feedback from customers regarding the quality and timeliness of the products or services.

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