Efficiency Definition and Explanation PDF | Download eBooks
Learn Efficiency definition in supply chain management with explanation to study “What is Efficiency”. Study efficiency explanation with SCM terms to review supply chain management course for online MBA programs.
Efficiency Definition:
Actual output as a percent of effective capacity.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Efficiency Explanation:
As per a white paper discharged by Industrial Marketing and Purchasing (IMP) Group, authoritative effectiveness is characterized as an interior standard of execution. Inventory network proficiency is identified with whether an organization's procedures are saddling assets in the most ideal manner conceivable, regardless of whether those assets are money related, human, mechanical or physical. Notice that the meaning of effectiveness says nothing regarding improving client administration.
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