Businesses can employ several strategies to optimize Opex:
Outsourcing: Outsourcing non-core activities to reduce costs. Automation: Implementing technology to automate repetitive tasks and improve efficiency. Negotiating Contracts: Renegotiating contracts with suppliers and service providers to secure better rates. Energy Efficiency: Investing in energy-efficient solutions to reduce utility bills. Lean Management: Applying lean management principles to eliminate waste and improve operational efficiency.