Operational Efficiency Clause Samples
The Operational Efficiency clause establishes standards and expectations for maintaining or improving the effectiveness and productivity of business operations under the agreement. It typically requires parties to implement best practices, utilize resources efficiently, or adopt new technologies to streamline processes and reduce waste. By setting these requirements, the clause ensures that both parties are committed to optimizing performance and minimizing unnecessary costs, ultimately supporting the smooth and cost-effective execution of the contract.
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Operational Efficiency. The Parties agree that in the event three (3) successive production runs from a single grade averages 1000 basis points (i.e., 10%) less than the operating machine efficiency (“OME”) standard for the grade, the Parties shall use commercially reasonable efforts to return the grade OME to the standard. If after such production runs, the OME for such grade has not improved to be less than 1000 basis points (i.e., 10%) below from the standard by the later to occur of (x) three (3) months elapsing since the original deficient production runs and (y) three (3) subsequent production runs of that grade, the Parties agree to update the grade standard cost to reflect the decline in OME.
Operational Efficiency. The operation of Licensor¶V V\VWhaHndPleVd byLthVe hosting provider. Their goal of uptime is passed by Licensor directly to Licensor¶VLic ensees. This target is 99.9 ZKLFK LV HTXLYDOHQW WR OHVV WKDQ PLQXWHV¶ Planned downtime is not included in the calculation of operational efficiency The hosting provider monitors the systems 24 hours a day and takes immediate action if a fault occurs in order to comply with the above operational objective.
Operational Efficiency. The parties shall endeavour to provide operational flexibility in relation to the working of hours.
Operational Efficiency. CONTRACTOR shall seek out and implement methods of 24 improving system operations, service and cost-effectiveness along with improvements to 25 correct deficiencies and substandard performance. After approval by ICTC, results will 26 be reported to ICTC via the monthly management summary (“MSS”) report, activity 27 report or direct memorandum, along with a summary of any corrective actions that have 28 1 been taken. CONTRACTOR shall review and comment on plans, equipment purchases, 2 operative changes and related proposals of ICTC.
Operational Efficiency. The parties shall endeavour to provide operational flexibility in relation to the working of hours. Any changes shall occur after consultation and agreement between the Manager and the employees affected. Such operational flexibility shall enable the efficient performance of work within the company, provided that neither party shall unreasonably withhold consent to a proposal that seeks to provide operational flexibility in the working of hours.
Operational Efficiency. 2.1 The Supplier to deliver against the Supplier Action Plan to derive operational efficiencies over the Framework Period via continuous improvement and innovation Confirmation by the Authority of the value for money achieved by the dates identified in the Supplier Action Plan
Operational Efficiency. The operation of Licensor’s systems is handled by the hosting provider. Their goal of uptime is passed by Licensor directly to Licensor’s Licensees. This target is 99.9% which is equivalent to less than 45 minutes’ downtime per month. Planned downtime is not included in the calculation of operational efficiency The hosting provider monitors the systems 24 hours a day and takes immediate action if a fault occurs in order to comply with the above operational objective.
Operational Efficiency. In the interest of operational efficiency, the Transportation Supervisor reserves the right to add or combine additional route/work assignments within any existing home to school route. If this combination exceeds the existing home to school hour(s) guarantee, clock time compensation would then commence. Home To School Routes are Morning and Afternoon Contractual Routes, Noon Kindergarten, Noon BOCES, Work Study Assignments, and Late Runs (3:45 p.m. – 4:45 p.m.)
Operational Efficiency. To ensure the efficiency of operations, JV Representatives may be required to carry out frequent reviews of the JV operations. In particular, he / she will review how manpower is employed and try to devise means to optimise resources. This implies receiving information on the services being provided at any given time in a day by the JV. This information does not need to identify the JV participants / throughputters involved or the identity of the airlines in question6. For instance, a JV Representative will need to know that at 8 am the JV has 4 planes to refuel, belonging to two different airlines, of which two are short haul and two are long haul flights; however, he / she will not need to know which participants or throughputters are the suppliers or the identity of the airlines in question.
Operational Efficiency. The Company reserves the right to introduce new technology, systems, processes and programs including but not limited to robotics/automation, new machinery, new equipment, warehousing software or computer systems which can contribute to increasing the operational productivity, efficiency and/or effectiveness of the business. Where required both operationally and commercially, any function within the warehouse may be outsourced. Upon the introduction of such changes, the Company will provide appropriate training for the Team Members affected. All Team Members will participate in training programs as directed by the Company.