oboloo

oboloo Glossary

Improved Operational Efficiency

oboloo Glossary

Improved Operational Efficiency

Improved Operational Efficiency is an often-used business term that refers to the ability of a company to streamline processes, reduce labor and other costs, and increase productivity in order to maximize profits. It’s the process of making sure a company is running as efficiently as possible, ensuring all processes are aligned to achieve the most efficient outcome. To do this, companies must first analyze their current operational structure and identify where improvements can be made. This could include simplifying processes, automating tasks, and improving communication between departments. In short, Improved Operational Efficiency means using fewer resources to produce more results.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971