Discover how efficiency variance reveals the gap between expected and actual inputs in production and its impact on labor, materials, and costs.

Across enterprises, no business process -- purchase to pay, order to cash, customer service, supply chain, IT service management -- always works exactly as planned. Gaps arise either due to changes to ...

Federal agencies face growing pressure to modernize outdated IT systems to meet evolving mission demands, improve service delivery and strengthen cybersecurity. But modernization must go beyond ...

For many years, enterprises have sought to automate their processes by making them digital. But in the past, that automation has often left gaps, either because the designers of the automation omitted ...

Manufacturers can identify and reduce waste using tools such as value-stream mapping. Process efficiency programs at pharmaceutical companies-whether called operational excellence, lean manufacturing, ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Amilcar has 10 years of FinTech, blockchain, and crypto startup ...

Efficiency is a management concept with a long history, running from scientific management to business process reengineering. In the early 20th century Harrington Emerson, an engineer, argued that an ...