efficiency
noun
uk/ɪˈfɪʃənsi/ us [ U ]
a situation in which a person, company, factory, etc. uses resources such as time, materials, or labour well, without wasting any:
The company is looking to shed around 1,000 jobs as part of an efficiency drive.
business/economic/operational efficiency
achieve/boost/improve efficiency The company invested substantial amounts of money upgrading the plant, and its workers agreed to flexible work rules that boosted efficiency.
improved/increased/greater efficiency
efficiency gains/improvements/savings
[ U ]
a situation in which a person, system, or machine works well and quickly:
improve/increase/maximize efficiency We are looking at ways to increase the efficiency of our advertising.
She does the job with great efficiency.
[ C or U ] PRODUCTION
the difference between the amount of energy that is put into a machine in the form of fuel, effort, etc., and the amount that comes out of it:
Burning wood on an open fire has efficiencies of only 15-20% compared to wood burning stoves, chip and pellet boilers with efficiencies of up to 80-90% .
efficiencies
[ plural ]
ways of wasting less time, money, labour, etc.:
With the reorganisation, the company is aiming to achieve efficiencies in both production and marketing.
Compare
inefficiency
See also
cost efficiency
energy efficiency
fuel efficiency
industrial efficiency
market efficiency
technical efficiency
x-efficiency