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Discuss scope of Industrial engineering. List various functions of management.

Subject: Industrial Engineering And Management

Topic: Introduction to Industrial Engineering

Difficulty: Low

1 Answer
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Scope of Industrial engineering:

  1. Selection of processes and assembling methods.

  2. Section and design of tools and equipment.

  3. Design of facilities including plant location, layout of buildings, machines and equipment, material handling systems, raw materials and finished goods storage facilities.

  4. Design and improvement of planning and control systems for production, inventory, quality and plant maintenance and distribution systems.

  5. Developing a cost control systems such as budgetary control, cost analysis and standard costing.

  6. Development of time standards, costing, and performance.

  7. Development and installation of job evaluation systems.

  8. Installation of wage incentive schemes.

  9. Design and installation of value engineering and analysis systems.

  10. Operation research including mathematical and statistical analysis.

  11. Performance evaluation.

  12. Organization and methods.

  13. Project feasibility study.

  14. Supplier selection and evaluation.

Functions of management are:

• Forecasting the demand for the products and using the forecast to determine the requirements of various factors of production.

• Arranging for the procurement of required factors of production.

• Arranging for the services such as maintenance, store keeping material handling, inspection and quality control etc that would be required to attain the targeted level of production.

• Utilizing effectively the factors of production and service facilities available to produce the product.

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