Efficiency savings are achieved when an organization uses resources more effectively to deliver the same or better outcomes for less money (cashable savings) or delivers greater outputs and outcomes for the same amount of money (non-cashable savings).
Achieving efficiency savings requires systematic approaches to identify and eliminate waste, and can be implemented through strategies like improving staff productivity, leveraging technology, optimizing procurement, and redesigning processes, but crucially, it must not involve reducing services or performance.
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