v12n
Numeronym for the word "Virtualization" (V + 12 letters + N), creating virtual versions of physical resources, such as servers, storage devices, or networks, to improve efficiency and scalability.
101 topics found for
“resource efficiency”
Minimize Waste
A principle in lean management aimed at reducing non-value-added activities to improve efficiency.
Law of Diminishing Returns
A principle stating that as investment in a single area increases, the rate of return on that investment eventually decreases.
Operations
The day-to-day activities required to produce goods and services, manage resources, and support business functions.
Staffing Ratio
A strategy used to determine the proportion of various SMEs needed to support a pipeline of work.
Muda
A Japanese word meaning any activity in a process that consumes resources without adding value.
7 Wastes
A Lean methodology concept identifying seven types of waste in processes to improve efficiency.
Sustainability
The practice of designing and implementing processes, systems, or business solutions in a way that ensures their long-term viability, efficiency, and maintainability.
Bikeshedding
Also known as Parkinson's Law of Triviality, is the tendency to spend excessive time on trivial details while neglecting more important issues.