Role of Industrial Engineering in reducing cost

An Industrial Engineer is now starting to become one of the fields of engineering where
the job opportunities are in highest demand, because of their ability of being versatile in a
various kind of job. Industrial engineering optimizes the interaction between people, machines
assets, and their environment to reduce costs, eliminate waste, and minimize defects. One of the
special skills of an industrial engineer is the ability to minimize cost. Regarding this engineering
specialty, IE will be based on the conformance of quality costing. By achieving the high quality
with respect to the cost of quality and the two category of cost they studied the human factors,
operation research to formulate a standard process and layout design to achieved a good quality
of service and product as well as minimize expenses. In order to reduce the development costs, a
company should assess and improve the design process of its products and services. Because
engineering teams are directly accountable for this, industrial engineering plays a significant part
in meeting target cost as well as the quality, launching in time and they are responsible in
decreasing the cost especially for new product. As regard on achieving these goals, IE used
different techniques like linear programming where they analyze the profit and cost of the
service and product development.

Overall, industrial engineering will play a significant role not only for customer pleasure
or feedback, but also in terms of maximizing of business profit.