Maximising the efficiency of the manufacturing or product development process to minimise costs is referred to as
A) managerial skill.
B) business superiority.
C) operational excellence.
D) maintenance strategy.
E) differentiation.

Question

Quizplus · Accepted Answer

Operational excellence refers to the continuous improvement of processes to maximise efficiency and minimise costs. This can include streamlining production processes, reducing waste, and improving supply chain management. It is an important aspect of running a successful and competitive business.

Maximising the Efficiency of the Manufacturing or Product Development Process