0

In workplaces, efficiency or processes (ex. Lean Manufacturing or Kaizen) creates a greater output and/or saving money. While words like efficiency or economical implicitly suggest saved time, I'm trying to find a term that would condense "saving time and thus money" without losing the "thus money" semantic.

  • Increased productivity implies greater return for the same time and money, but it emphasizes the gains in output rather than the minimization of waste. Are you specifically looking for the latter? – Nathaniel Nov 6 '15 at 18:20
  • 3
    Economical refers to both time and money: using the minimum required; not wasteful of time, effort, resources, etc: thefreedictionary.com/economical - gains in output due to the more economical production process. – user66974 Nov 6 '15 at 18:21
  • @Nathaniel, I'm trying to emphasize gains in output deriving from minimization of waste (if that makes sense). – Bennett Yeo Nov 6 '15 at 18:23
  • 2
    cost-effectiveness? – bib Nov 6 '15 at 18:37
  • What's wrong with efficient? 'achieving maximum productivity with minimum wasted effort or expense.' {ODO} – Edwin Ashworth Nov 6 '15 at 19:48
2

optimize

: modify to achieve maximum efficiency in storage capacity or time or cost FD

OPTIMIZATION

Finding an alternative with the most cost effective or highest achievable performance under the given constraints, by maximizing desired factors and minimizing undesired ones. Business Dictionary

1

You maximize your profits and returns.

Make as large or great as possible: ‘the company was aiming to maximize profits

[Oxford Online Dictionary]

Maximization of profits could be achieved by "saving time and money", minimizing cost and waste, increasing productivity/efficiency, laying off workers, etc.

0

I would use either shrewd or steward

Shrewd -

5 a : marked by clever discerning awareness and hardheaded acumen b : given to wily and artful ways or dealing

Steward -

someone who protects or is responsible for money, property, etc.

a person whose job is to manage the land and property of another person

To be more clear, you could use just describe the person as shrewd and both time and money, among other things, is already implied. Or you could just say that someone is a steward of time and money.

0

time is money

If we don't use our working time to earn money, we are in effect losing money.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.