L 01- industrial management

Industrial Management

Lecture 1

By : Tanya Mathur

MANAGEMENT

• Management is an art of getting things done through people

• Management is a process of accomplishing certain objectives through the utilization of human and other resources.

Definition

Management is the creation and maintenanceof an internal environment in an enterprisewhere individual, working in groups, canperform efficiently and effectively towardsattainment of group goals.

Management as a process

IMPORTANCE OF MANAGEMENT

• For the accomplishment of the goals.

• For effective utilization of the resources.

• Sound Organization.

• Providing vision &Foresight.

• For the harmony in work.

• To help employees in achieving personal objective.

• Development of the society and nation.

INDUSTRIAL MANAGEMENT

• Industrial management is now a branch of engineering which facilitates creation of management system and integrates same with people and their activities to utilize the resources.

• Industrial management is structured approach to manage the operational activities of the organization.

Need of industrial management

• To ensure maximum output with minimum cost of production.• To ensure that activities of different individuals are

coordinated to attain the common purpose in the factory.• Goods are produced and delivered on the promised dates.• Goods are manufactured in strict specification of customer’s

orders.• Proper accounting, reporting and controlling the operations in

the factory.• To prevent wastage and losses.• Quality products.• Utilization of full capacity of the factory.• Innovation

Scope of industrial management

• Industry Planning

• Industry Organization

• Factory Management

• Materials Management

• Labor Administration

• Industry Control

Application of Industrial Management

Planning Function• For Designing Conversion

System• For Scheduling Conversion

System

Organizing Function• Structuring of Operation

Staffing• Job & Work Design.• For Production & Operation

Standard.• For Payment system.

Controlling Function• Quality• Quantity• Time• Inventory• Cost• Maintenance

Development of Industrial Management.

Three Basic Approaches :

• Classical Approach

• Neo Classical

• System Approach

Classical Approach

Contributions

• Emphasis on division of work, specialization and processes.

• Efficiency of the organization can be increased by making each individual efficient.

• Based on centralization of authority

Criticism

• Ignores human relations

• Strict rules and regulations

• Closed system organization

Neo Classical Approach

Contributions

• Social System

• Social Environment

• Leadership

• Communication

Criticism

• Limited Application

• Lack of scientific Validity

• Invalid Assumption

• Fragmental Approach

Systems Approach

TRANSFORMATION PROCESS

ENVIRONMENT

INPUTOUTPUT

FEEDBACK

System Approach Contd.

Contribution

• Interacting Elements

• Vulnerable to changes in the Environment.

Critics

• Failed to specify the nature of Interaction and Interdependencies.

• Does not apply tools and techniques for analysis.

Difference Between

Management Administration

(To be done at home and will be discussed in next class.)