Resource Utilization

Resource utilization refers to how effectively resources—such as time, money, materials, and workforce—are used to achieve specific goals. In various contexts, like businesses or environmental management, it emphasizes optimizing these resources to maximize productivity and minimize waste. For instance, a company may track employee hours and inventory to ensure they are not overproducing goods, which can lead to unnecessary costs. By using resources wisely, organizations can enhance efficiency, reduce costs, and contribute to sustainability, ensuring that resources are available for future needs.