- Industrial Engineering is going to play a pivotal role in increasing the productivity.
- It is the engineering approach to the detailed analysis of the use and cost of the resources of an organization.
- The main resources are men, money, materials, equipment and machinery.
Objective of Industrial Engineering:
- To establish methods for improving the operations and controlling the production costs
- To develop programs for reducing those costs
Activities of Industrial Engineering:
- Selection of processes and assembling methods
- Selection and design of tools and equipment
- Design of facilities including plant location layout of buildings, machines and equipments material handling system, raw materials and finished goods storage facilities.
- Design and improvement of planning and control system for production, inventory, quality and plant maintenance and distribution systems.
- Developing a cost control system such as budgetary control, cost analysis and standard costing.
- Development of time standard, costing and performance standards
- Development and installation of job evaluation system
- Installation of wage incentives schemes
- Design and installation of value engineering and analysis system
- Operation research including mathematical techniques and statistical analysis
- Performance evaluation
- Organization and methods
- Project feasibility studies
- Supplier selection and evaluation
Technique of Industrial Engineering: Method study, Time study , Motion study, Financial and non-financial incentives, Value analysis, Production, planning and control, Inventory control, Job evaluation, Material handling analysis, Ergonomics (Human engineering), System analysis, Operation research techniques, etc
Applications of Industrial Engineering: In health services, government organizations, banking, Others such as marketing, finance, purchasing, industrial relations, etc.
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