Process Optimization

Definition ∞ Process optimization involves systematically improving business operations to enhance efficiency, reduce costs, and increase output quality. This methodology identifies bottlenecks, streamlines workflows, and eliminates unnecessary steps. It applies analytical tools and techniques to achieve superior performance outcomes. Successful process optimization contributes directly to an organization’s competitiveness and profitability.
Context ∞ Process optimization is frequently discussed in the context of digital transformation and the adoption of new technologies across industries. News often highlights how blockchain and automation can significantly streamline complex operational processes, particularly in supply chains and financial services. Observing how organizations leverage data analytics and decentralized systems for continuous process improvement provides valuable insight.