👉 Inefficiencies refer to situations or processes where resources are not being utilized optimally, leading to wasted effort and time. They can occur in various industries and sectors, including manufacturing, healthcare, finance, and logistics, among others. Efficiencies, on the other hand, aim to optimize resource utilization by ensuring that resources are used efficiently, effectively, and within budget limits. This means minimizing waste, maximizing productivity, and achieving desired outcomes while adhering to legal and regulatory requirements. Efficiencies can be