About Industrial engineering
Nowadays economic scenario is marked by increasing competition in almost every sector of economy. The expectations of customers are on rise and manufacturers have to design and products in order to satisfy them. Thus, there is a challenge before the industries to manufacture goods of right quantity and quality and at the right time and at minimum cost for their survival and growth. This demands an increase in productive efficiency of organizations. Industrial engineering plays a vital role in increasing the productivity. Industrial engineering techniques are used to analyze and improve the work methods in order to eliminate waste and proper allocation and utilization of resources.
How can industrial engineering be defined?
Industrial engineering can be defined as a profession in which a knowledge of mathematical and natural sciences gained by study, experience and practice is applied with judgment to develop the ways to utilize economically the materials and other natural resources and forces of nature for the benefit of mankind.
The American Institute of Industrial Engineers define industrial engineering as:
Industrial engineering is concerned with the design, improvement and installation of integrated systems of men, material and equipment. It draws upon specialized knowledge and skills in the mathematical, physical sciences together with the principles and methods of engineering analysis and design to specify, predict and evaluate the results to be obtained from such systems.
The prime objective of industrial engineering is to increase the productivity by eliminating waste and non-value adding (unproductive) operations and improving the effective utilization of resources.