Operational efficiency focuses on improving internal processes, reducing waste, and maximising the productivity of resources. Examples include streamlining workflows, enhancing employee training, and optimising supply chain management.
Financial efficiency involves managing budgets effectively, reducing unnecessary expenditures, and achieving the best value for money. Techniques include cost-benefit analysis, expense tracking, and prioritising high-impact investments.
Technological efficiency leverages modern tools and systems to automate repetitive tasks, improve accuracy, and increase overall productivity. Examples include adopting AI solutions, implementing cloud-based systems, and integrating data analytics platforms.