What is Industrial Engineering (IE) and Key Factors for It?
Merchandiser at Fashion Xpress Buying House.
Badda, Dhaka, Bangladesh.
Email: [email protected]
At Present Industrial Engineering (IE) is a very important key factor for the industry. It has so much importance as the Textile Engineers in the industry level. An Industrial Engineer makes a product or provides a service by determining the most effective ways to use the five basic factors of production: machines, materials, energy, information and people.
Definition of Industrial Engineering (IE):
Industrial engineering is a branch of engineering which is related with the optimization of complex systems or processes. It is totally concerned with the improvement, development, and implementation of integrated systems of people, money, information, knowledge, energy and it’s also analysis as well as the mathematical, physical and social sciences together with the principles and systems of engineering design to predict and assess the results to be obtained from such types of systems.
Industrial Engineering assigns certain systems such as floor layouts, personnel, organization, standard of time, wage rates, incentive payment plants to control the quantity and specially quality of goods and services produced.
Industrial Engineering (IE) obeys the following contents:
- Routing and Scheduling
- Line Balancing
- Break Even Analysis
- PERT and CPM
- Inventory Control
- Materials Requirement Planning
- Work Study
- Plant Layout
- Quality Analysis and Control
- Process Capability
- Graphical Method
- Simplex Method
- Transportation Model
- Assignment Model
- Queuing Model
- Value Analysis for Cost
- Wages Plan
- Mass Production and
Key Factors for an Industrial Engineer (IE):
An industry will achieve the maximum profit if an Industrial Engineer has the accurate knowledge about the following matters and those are so important for meeting the right quality of goods. Those are –
- Education and Research
- Supply Chain
- Technical Sales and Marketing
- Military and Homeland Security
- Public Services
- Finance, Banking and Service Industry
- Defense and Aerospace
- Information Technology and
- Health Care