Process Efficiency

Process efficiency refers to how effectively a system or operation uses resources—like time, materials, and labor—to achieve its goals. In simpler terms, it measures how well an organization turns inputs into outputs with minimal waste. An efficient process completes tasks faster and at a lower cost, often resulting in higher quality outcomes. For example, a factory that produces more products with less energy and fewer raw materials is considered more efficient. Improving process efficiency can lead to better productivity and profitability in various fields, from manufacturing to services.