As Mamdouh El Haj Assad has stated, an accurated exergy analysis of a complex system shows the steps of the process where there are more losses and, depending of the costs of improvements, which are the parts of the process that it is more economic to re-design
Exergy analysis of thermal systems reveals the available work content in all energy streams in your cycle.
Moreover, it reveals the underlying sources of internal exergy destruction and external exergy losses to the surroundings. By having this kind of insight, you get a systematic way to target the processes/components in your system responsible for the largest drops in performance.
I would highly recommend the classic book by Bejan, Thermal Design & Optimization.