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Last updated 10:33 AM on 10/18/26
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5 Terms

1
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Efficacy

Degree to which a planned intervention produces desired outcomes under ideal and controlled experimental conditions without external confounding factors or real-world operational constraints.

2
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Efficiency

Optimal relationship between inputs consumed and outputs generated, maximizing results achieved while minimizing time, resources, waste, labor, or overall financial expenditure during processes.

3
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Effectiveness

Extent to which actual goals or objectives are achieved in real-world conditions, measuring total practical impacts and meaningful performance results over operational activities.

4
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Logistics

Management system covering planning, implementing, and controlling physical flow, transportation, inventory management, storage, and distribution of resources from origin points to final consumption.

5
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Economy

Careful stewardship of financial, physical, or human resources to minimize acquisition costs, avoid wasteful spending, and ensure prudent resource allocation across operations.