Efficiency Evaluation

If your business has its operations spread out over a set of operating units, I.Q. Technologies, Ltd. can provide solutions and services to help you manage these operating units. We provide your business with the tools that you need to accurately compare operating units and determine which are operating at acceptable levels and which are less efficient. In addition, we can help your business to identify the specific indicators and contributing factors that show why and to what extent a particular unit is inefficient relative to the others.

The notion of efficiency is generally defined as the rate of output to input - the greater the output or the lower the input, the better the efficiency rating.

Operating Unit with Inputs and Outputs

By observing the amount of raw materials or resources that are required to produce measurable outputs such as products, services, employee training, etc., and by applying a mathematical programming approach known as Data Envelopment Analysis, I.Q. Technologies, Ltd. can identify not only which units are inefficient, but also which factors are the leading reasons for the inefficiencies. Our consultants can help you target areas for improvement, resulting in an improved bottom line. As an ongoing service, monthly analysis can continue to guide your business in a direction of progressive improvement.