The objectives of industrial management are: - Implementation of the
policy adopted by the owners or the board of directors - Optimum return
on investment - Efficient utilization of Men, Machine and Money. In
other words, industry must make profit. Manufacturing represents only
one aspect of the activities of industrial management. Present-day
manufacturing methodology does not consider making profit as their
primary objective. The manufacturing process requires the knowledge of
many disciplines, such as design, process planning, costing, marketing,
sales, customer relations, costing, purchasing, bookkeeping, inventory
control, material handling, shipping, and so on. Each discipline
considers the problem at hand from a different angle. For example, in
the case of the introduction of a new product: - Marketing will evaluate
its attractiveness to the customers -The product designer will evaluate
methods of achieving product functions - The process planner will
evaluate the required resources - Finance will evaluate the required
investment - Manpower will consider the work force demands -The
manufacturing engineer will consider floor space and material handling -
Purchasing and shipping will consider how to store the product x Preface
Each discipline optimizes its task to the best of its ability. Each
manufacturing discipline has its own objectives and criteria of
optimization according to its function. For example: the designer main
objective is meeting product specifications; the process planner's main
objective is that the items will meet drawing specifications; the
production planner's main objectives are meeting the due date, and
minimizing work-in-process.
