IET
- Company typePrivate
- Founded1984
- HeadquartersToledo, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
IET firmographics
Firmographics- Name
- IET
- Legal name
- IET, Inc.
- Website
- https://ieteng.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where IET is headquartered
LocationHeadquarters
- HQ city
- Toledo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
IET business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Industrial Engineering Consulting Services: IET provides hands-on industrial and manufacturing engineering consulting services on a project basis. Engagements involve business process reengineering, plant layout analysis, work measurement, strategic planning, production planning, simulation, MES implementation, and contract engineering support. Revenue is generated through professional consulting fees for project-based engagements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based consulting engagements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
IET product offering
Product offeringCore offering
IET is a full-service industrial and manufacturing engineering consulting firm providing hands-on engineering support, business process reengineering, and plant layout analysis to improve client competitiveness. The firm delivers a comprehensive toolkit of consulting services — including facility layout and design, work measurement, strategic planning, production planning, computer simulation, MES implementation, contract engineering, training, and quality management — to enterprise and mid-market manufacturing clients across automotive, food & beverage, packaging, building industry, chemical, healthcare, and other sectors.
Product overview
IET is a full-service industrial and manufacturing engineering consulting firm offering a comprehensive toolkit of services. The core offering is Industrial Engineering Consulting Services, supported by specialized modules including Facility Layout & Design, Work Measurement, Strategic Planning, Production Planning, Simulation, MES: Manufacturing Execution Systems, Contract Engineering, Industrial Engineer Training, and Quality & Management Services. These services are delivered through experienced engineering consultants who provide both analytical expertise and hands-on implementation support to improve client productivity, reduce costs, and enhance competitive positioning across automotive, food & beverage, building industry, healthcare, packaging, and other manufacturing sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Industrial Engineering Consulting Services Full-service industrial and manufacturing engineering consulting firm providing hands-on support, business process reengineering, and plant layout analysis to improve client competitiveness across various manufacturing industries.
- Facility Layout & Design Engineering analysis and design services for optimizing facility layouts, including storage analysis and material flow optimization to improve operational efficiency. Used by manufacturers seeking to redesign or consolidate production facilities.
- Work Measurement Time study, work sampling, and predetermined time systems (MOST, MODAPTS) analysis to establish accurate labor standards and identify productivity improvement opportunities. Used by manufacturers to optimize labor utilization and staffing.
- Strategic Planning Consulting services for long-term business planning, capacity assessment, and manufacturing strategy development to support growth objectives. Used by manufacturing executives planning facility expansion, consolidation, or capacity decisions.
- Production Planning
Quantifiable outcome
- BWAY Packaging achieved $1.4M annual ROI from sub-$100K investment
- +11 more outcomes
Companies that use IET
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles1 record
IET technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
IET partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights5 records
IET competitors and assessment
Company assessmentDirect peers
- TBM Consulting Group: Lean manufacturing, operations, and supply chain consulting firm serving global manufacturers. Directly comparable to IET in methodology (lean, Kaizen, work measurement) and target customer profile (industrial manufacturers pursuing productivity gains).
- Gemba Consulting: Lean transformation and operational excellence consultancy serving manufacturers and supply chains. Overlaps with IET on continuous improvement, work measurement, and Kaizen-style engagements across similar mid-market and enterprise manufacturers.
- Kaizen Institute: Global consulting firm specializing in lean and Kaizen deployment for manufacturers. Closely aligned to IET's lean manufacturing, 5S, SMED, and continuous flow offerings with comparable manufacturing client base.
- Velocity Group: Operational excellence and lean transformation consultancy serving industrial clients. Competes directly with IET on productivity improvement, labor optimization, and plant-floor engagement work in automotive and adjacent manufacturing verticals.
- Foth: Engineering, environmental, and technical consulting firm serving manufacturing and infrastructure clients. Comparable to IET in providing engineering-led consulting and facility/plant-related design services to industrial customers.
Broad incumbents
- Deloitte (Operations Transformation): Global professional services firm with a large operations transformation practice serving manufacturers. Competes for enterprise IE/lean engagements at the upper end of IET's market with broader portfolio and global delivery.
- McKinsey (Operations Practice): Top-tier strategy consultancy with operations and manufacturing practices. Competes for high-end manufacturing transformation mandates; typically strategy-led rather than hands-on implementation like IET.
- Burkland Associates: Mid-market consulting firm providing fractional executives and operational consulting. Overlaps with IET's contract engineering and operational support offerings for growth-stage and mid-market manufacturers.
Others
- ProModel: Simulation software and services firm serving manufacturing and logistics clients. Adjacent to IET's simulation capability using tools like ProPlanner; serves as both potential partner and adjacent competitor for simulation-led facility design work.
- Lean Enterprise Institute: Non-profit organization advancing lean thinking education and practice. Adjacent ecosystem player that shapes the lean methodology IET deploys and indirectly influences the buyer market for IE/lean consulting services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
IET social profiles
Digital presenceIET financial estimates
Financial estimateRevenue estimate
Valuation estimate
IET leadership team
Management profileNumber of profiles
IET funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IET M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IET
What does IET do?
IET is a full-service industrial and manufacturing engineering consulting firm providing hands-on engineering support, business process reengineering, and plant layout analysis to improve client competitiveness. The firm delivers a comprehensive toolkit of consulting services — including facility layout and design, work measurement, strategic planning, production planning, computer simulation, MES implementation, contract engineering, training, and quality management — to enterprise and mid-market manufacturing clients across automotive, food & beverage, packaging, building industry, chemical, healthcare, and other sectors.
Is IET a public or private company?
IET is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IET founded?
IET was founded in 1984. It employs 101 to 250 people.
Where is IET based?
IET is headquartered in Toledo, United States, in the North America region.
How does IET make money?
One revenue line is on record: industrial Engineering Consulting Services.
Who are IET's main competitors?
Direct peers on record are TBM Consulting Group, Gemba Consulting, Kaizen Institute, Velocity Group and Foth. Broad incumbents are Deloitte (Operations Transformation), McKinsey (Operations Practice) and Burkland Associates. Others are ProModel and Lean Enterprise Institute.
Does IET have an API?
No public API is recorded for IET.