Product Suite

Supply Chain Glossary - O

Supply Chain Glossary - O

operating efficiency

A ratio (represented as a percentage) of the actual output of a piece of equipment, department, or plant as compared to the planned or standard output.

The global, domestic, environmental, and stakeholder influences that affect the key competitive factors, customer needs, culture, and philosophy of each individual company. This environment becomes the framework in which business strategy is developed and implemented. Syn: business environment.


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