Introduction:
Industrial Management is the
branch of management that is concerned with the creation and management of
systems that incorporate people, materials and energy in productive ways. Due
to rapid industrialization in the country, India has emerged as one of the the
fastest developing countries in the world. With the globalization of Indian
economy coupled with opening up of industrial sector, a plethora of lucrative
career opportunities are up for grabs. Many MNCs, Joint Ventures and even the
indigenous companies are attracted towards India’s liberalized, economic
policies and thus want to set up production facilities and factories across the
country.
Therefore, an immediate need
for skilled personnel in the stream of Industrial Management is increasing day
by day. What’s more, global career opportunities are also plentiful for those
pursuing courses in this particular field. A training program in industrial
management is aimed at putting emphasis on the use of computers, mathematics,
and statistics in management, and training professionals for positions of
manager /management responsibility in industrially oriented industries such as
textiles, steel, power, chemicals, aviation, and robotics and the like.
Application:
Industrial Management is a branch of management dealing with
the optimization of complex processes or systems. It is concerned with the
development, improvement, implementation and evaluation of integrated systems
of people, money, knowledge, information, equipment, energy, materials,
analysis and synthesis, as well as the mathematical, physical and social
sciences together with the principles and methods of engineering design to
specify, predict, and evaluate the results to be obtained from such systems or
processes. Its underlying concepts overlap considerably with certain
business-oriented disciplines such as Operations Management, but the
engineering side tends to emphasize extensive mathematical proficiency and usage of quantitative methods.
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