Operations

Process Optimization

Operations Term

Process Optimization is the systematic approach to improving business procedures to enhance efficiency, reduce costs, and increase productivity. It involves analyzing current workflows, identifying bottlenecks, and implementing strategic changes to streamline operations. Process Optimization typically incorporates data analysis and continuous improvement methodologies to achieve measurable performance gains.

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More Operations Terms

Process

A process is a systematic sequence of actions or steps designed to achieve a specific outcome or goa...

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Standard Operating Procedure (SOP)

A Standard Operating Procedure (SOP) is a detailed, documented set of instructions that outlines how...

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