Performance Metrics
Definition of Performance Metrics as it relates to Business, Quality Control, Product Development
Operational Excellence is an overarching business philosophy that prioritizes continuous improvement, standardization, and the elimination of waste in all processes related to product development, quality control, and overall business operations. It emphasizes creating value for customers through efficient and effective use of resources, while also fostering a culture of engagement, empowerment, and innovation among employees. Operational Excellence is not just a set of tools or techniques, but a mindset that seeks to optimize the entire value stream, from raw materials to end users, in order to achieve sustainable growth and competitive advantage.