Industrial Management Introduction Industrial Management deals with the development, improvement, implementation and evaluation of integrated systems

of people, money, knowledge, information, equipment, energy, materials and/or processes.

It also deals with designing new product prototypes more efficiently. It incorporates the principle and methods of engineering analysis and synthesis with the mathematical, physical and social sciences together to specify, predict, and evaluate the results of systems or processes.

How does managerial work support the overall positioning and strategies of the organization?
The industrial management modes of thinking will be valuable in the challenging strategy and positioning work of the organizations of the future and in creating optimal conditions for success. A perspective built on systems thinking is ideally suited for the type of planning and analysis required as organizations work to enhance positioning and strategy and creating positive internal conditions in the ever changing markets.

Industrial Engineering
The theoretical basis of industrial engineering is a science of operations, and to use this science in most applications one must simultaneously consider at least three criteria: (1) quality, (2) timeliness, and (3) cost. The goal of industrial engineering is to ensure that goods and services are being produced or provided at the right quality at the right time at the right cost.

Industrial Management
Industrial management term is applied to highly organized modern methods of carrying on industrial, especially manufacturing and operations. Industrial management is a process of planning, organizing, directing, controlling and managing the activities of any industry.

Applicability
The principles of industrial management are not only universally applicable across industries, but across all operations in government, commerce, services, or industry.

Aim of IM
Industrial Management aims to uncover and solve organizational issues by attempting to establish a desirable allocation of management resources through the use of technologies.

Broadly the industrial management concept includes the planning, controlling and organizing the system.

Planning is the activity that establishes a course of action and guide future decision-making. Activities that assure the actual performance in accordance with planned performance is controlling

Organizing is establishing a structure of tasks and authority. Managers establish a structure of roles and information flow within the system.

Applications of industrial management are summarized in the following departments of industry: 1. Managing and arranging the location of facilities 2. Design of Plant layouts 3. Management t of material handling systems 4. Supply chain management. 5. Production and Planning control 6. Quality control & Total quality management 7. Inventory & Materials management 8. Maintenance management 9. Operations management 10. Labor management

SCOPE OF INDUSTRIAL MANAGEMENT

As far as the scope of industrial management is concerned it is applicable in all segments of industry as well as in daily life. As in daily life, we plan our activities; we coordinate available resources and control our activities to achieve certain goals in the most economic way. In the same way any organization must follow the Principles of Management for its survival and growth and to be economically viable. These management principles are applicable to all activities in industry also.