-: Industrial Management :-
The branch of engineering that deals with the creation and management of systems that integrate people and materials and energy in productive ways is known as industrial management .
In other words , Industrial management is a branch of engineering which deals with the optimization of complex process or systems .Industrial management work to eliminate waste of time , money ,materials , man hours , machine time , energy and other resources .
Features of Industrial Management :-
1- Management is a specialty in dealing with matters of time and human relationship as they arise in organizations .
2- Management is an attempt to create a desirable future , keeping the past and present in mind .
3- Management is practiced in and is a reflection of a particular historical era .
4- Management act in relationship that are two way street , each party in influenced by the other .
Importance of Industrial Management :- Management is a function beyond planning , so as to ensure how far the plans are performed and whether those needs to be changed depending upon changing environment and conditions . Major tasks of management make it important for an organization . It is important for an enterprise because it performs the following functions -
1- Forecasting
2- Planning
3- Organizing
4- Directing
5- Motivating
6- Co-ordination
7- Controlling
8- Communication
9- Leadership
10- Decision Making
Application of Industrial Management :-
Application of Industrial Management are as follows -
1- It is used in pre-production planning like , Plant Location , Capacity Planning etc .
2- It is used in routing , scheduling , dispatching etc .
3- Inventory Management and store keeping .
4- Total quality management .
5- To improve the process and service in marketing , finance .
The branch of engineering that deals with the creation and management of systems that integrate people and materials and energy in productive ways is known as industrial management .
In other words , Industrial management is a branch of engineering which deals with the optimization of complex process or systems .Industrial management work to eliminate waste of time , money ,materials , man hours , machine time , energy and other resources .
Features of Industrial Management :-
1- Management is a specialty in dealing with matters of time and human relationship as they arise in organizations .
2- Management is an attempt to create a desirable future , keeping the past and present in mind .
3- Management is practiced in and is a reflection of a particular historical era .
4- Management act in relationship that are two way street , each party in influenced by the other .
Importance of Industrial Management :- Management is a function beyond planning , so as to ensure how far the plans are performed and whether those needs to be changed depending upon changing environment and conditions . Major tasks of management make it important for an organization . It is important for an enterprise because it performs the following functions -
1- Forecasting
2- Planning
3- Organizing
4- Directing
5- Motivating
6- Co-ordination
7- Controlling
8- Communication
9- Leadership
10- Decision Making
Application of Industrial Management :-
Application of Industrial Management are as follows -
1- It is used in pre-production planning like , Plant Location , Capacity Planning etc .
2- It is used in routing , scheduling , dispatching etc .
3- Inventory Management and store keeping .
4- Total quality management .
5- To improve the process and service in marketing , finance .
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