Difference between revisions of "Business Optimization"
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| − | '''Business Optimization''' is the [[Process|process]] of identifying and implementing new [[Method|methods]] that make the business more efficient and cost effective. Key elements of business optimization include: | + | '''[[Business]] Optimization''' is the [[Process|process]] of identifying and implementing new [[Method|methods]] that make the business more efficient and cost effective. Key elements of business optimization include: |
*Measurement of productivity, efficiency and performance | *Measurement of productivity, efficiency and performance | ||
*Identifying areas for improvement | *Identifying areas for improvement | ||
Revision as of 12:10, 1 March 2024
Business Optimization is the process of identifying and implementing new methods that make the business more efficient and cost effective. Key elements of business optimization include:
- Measurement of productivity, efficiency and performance
- Identifying areas for improvement
- Introducing new methods and processes
- Measuring and comparing results
- Repeating the cycle[1]
- ↑ Defining Business Optimization Riverlogic