Hanna Lanéus
A01764317
20 areas in a company you can add value (as an industrial engineer)
Capex - capital expenditures
Opex - operating expenses
1. Optimize processes - eg shortening the production time - general it’s capex,
assuming you optimize with investments such as machines and automation systems
2. Applying cost saving measures - eg cut unnecessary costs - capex
3. Quality control - maintaining high quality and service - opex and capex, since both in
general are needed to maintain a high quality.
4. Sustainability improvements - reduce the carbon footprint of the company, having a
sustainable business protected from being restricted by regulations regarding
company emissions - depends, you can invest in sustainable machines, but in
general opex since it is for the day to day
5. Analyze data - leveraging data to make informed business decisions - opex/capex if
it’s a device?
6. SWOT analysis - to improve the business internally and externally, with competing
companies and the impact of the exterior in mind. - opex
7. Workflow management - avoiding bottlenecks and other eventual complications opex
8. Production planning - plan with anticipation to avoid unnecessary costs - opex
9. Project management - opex
10. Supply chain management - capex
11. Resource overview/management - opex
12. Outsourcing/insourcing - capex
13. General problem solving - opex/capex, depend what the solution is
14. Technical developement/possibilities - capex
15. Calculate input vs output - opex
16. Management of inventory - capex, if the solution is a storage/data system to keep
track of inventory
17. Analyze competitors, find improvements or an unfilled demand - opex
18. Company culture, influence a good work ethics, everyone feeling motivated to reach
a common goal - opex
19. Possibilities of expansion - capex
20. Innovations (ideas, solutions, advantages) - capex/opex