What is Operational Readiness?
Operational readiness refers to the state of being fully prepared to execute and sustain operations efficiently, ensuring business objectives are met without disruptions.
What is Digital Twin?
A digital twin is a virtual representation of a physical object, system, or process, crucial for simulating and optimising operations. Learn about its relevance, applications, and impact on operational efficiency in the Operations Explained glossary.
What is Environmental Impact Assessment?
Environmental Impact Assessment (EIA) is a process to evaluate the potential environmental effects of a proposed project, ensuring sustainable development and regulatory compliance.
What is Carbon Footprint Reduction?
Carbon footprint reduction involves strategic efforts to minimise greenhouse gas emissions from business operations, enhancing efficiency and sustainability.
What is Circular Economy?
The circular economy is an economic model focused on eliminating waste and maximising resource use. Learn its importance in operations, examples, best practices, and how it impacts efficiency.
What is Sustainable Procurement?
Sustainable procurement involves acquiring goods and services with consideration for environmental, social, and ethical impacts, enhancing business efficiency and reputation.
What is Workforce Diversity and Inclusion?
Workforce diversity and inclusion focus on creating an environment where differences among employees are respected and valued. Learn why it's crucial for operational efficiency and organisational success.
What is Change Management?
Change management involves preparing, supporting, and helping individuals, teams, and organisations adapt to change effectively. It is crucial for operations, impacting process optimisation, quality management, and organisational performance.
What is Financial Risk Management?
Financial risk management involves identifying, assessing, and mitigating financial risks to protect organisations from potential losses, ensuring operational stability and efficiency.
What is Operational Auditing?
Operational auditing is a systematic review process aimed at assessing the effectiveness and efficiency of an organisation’s operations. It provides insights into process optimisation, quality management, and organisational performance, essential for enhancing efficiency and aligning business processes with strategic goals.