● Efficiency is the ability to accomplish something with the least amount
of wasted time, money, effort or competency in performance. ● The term "efficiency" refers to the peak level of performance that uses the least amount of inputs to achieve the highest output. Efficiency requires reducing the number of unnecessary resources used to produce a given output, including personal time and energy. Importance of Efficiency ● Efficiency is important because it ensures that an assembly line keeps producing as many goods as possible in a given time period, increasing productivity and potential profits. ● Builds confidence ● Brings money ● Being incentives Maagrace Efficiency and Performance In Maagrace Efficiency and performance are perceived to be very important which is why all workers are required to: a. Write hourly their gum sheet. b. Prepare from work about the day's activities at work so you are happy to work. c. Listen to managers in the line. d. Committee to achieving targets e. Talk less during working hours When you do this you will earn: a. Group Efficiency b. Individual Efficiency