efficiency gains
Doing more faster
Efficiency gains are improvements in output relative to input—getting more from less, or the same from fewer resources.
The phrase appears constantly in business and policy contexts: The merger promises significant efficiency gains.
Often a euphemism for cost-cutting through layoffs or automation: The company cited efficiency gains while eliminating three hundred positions.
- cost savingsReduction in expenditure
- cost reductionDecreasing expenditure amounts
- time savingsDuration preserved through efficiency
- automationSelf-operating system design
- streamliningMaking more aerodynamic or efficient
bang for your buck · capacity utilization · artificial intelligence · profit margins · bottom line · data analytics · bottleneck · low-hanging fruit · machine learning · process improvement · kaizen · waste reduction · competitive advantage · economies of scale · overhead · turnaround · economic sustainability · robotics
- Government Reformbudget reform, fiscal reform, government reform, policy reform, regulatory reform
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- cost cuttingcost cutting, budgeting, cost reduction, budget, budget cuts
- productivity boostersautomation, streamlining, time savings, process improvement, performance boost
- productivity metricslabor productivity, productivity growth, performance metrics, KPIs, throughput
- scalingscalability, power laws, horizontal scaling, self-similarity, proportionality
efficiency gainswaste
Unwanted discarded material
bloat · redundancy · cost overruns · resource drain · profligacy