Industrial management encompasses a wide range of application areas, including production planning and control, quality management, supply chain management, project management, and operations research. These application areas are crucial for optimizing processes, reducing costs, improving efficiency, and ensuring the overall success of industrial operations. Industrial management techniques are utilized across various industries such as manufacturing, construction, healthcare, and transportation to streamline operations and achieve organizational goals.
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1 design and development
2 plant layout and meterial handling
3 method study and work measurment
4 production forecasting
in management (project management option)
It enables students to interact with numbers.
It is normally divided into three broad areas: auditing, financial/tax and management accounting.
Tiled bathrooms and paved areas are common example.
Statistics is used in Business Management to tell the trend of the sale of certain goods and services. It is used to predict the various factors that affect trade.