Industrial Management MBA Handwritten Notes For Your University Exams

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1. Introduction to Industrial Management

• Definition and Scope
  • Evolution of industrial management
  • Role of industrial management in modern organizations
  • Objectives and functions of industrial management
• Management Principles
  • Planning, organizing, staffing, directing, and controlling
  • Management theories: Classical, Behavioral, and Modern approaches
• Industrial Environment
  • Industrial sectors: Primary, secondary, and tertiary
  • Economic, technological, and social factors affecting industries

2. Production and Operations Management

• Production Systems
  • Types of production systems: Job shop, batch, assembly line, and continuous flow
  • Production planning and control
  • Work study and methods engineering
• Production Planning and Control (PPC)
  • Aggregate planning
  • Master production schedule (MPS)
  • Inventory management and control
  • Material requirements planning (MRP)
• Quality Control and Assurance
  • Quality management systems: ISO, Six Sigma, TQM
  • Statistical process control (SPC)
  • Control charts, process capability analysis
• Facility Layout and Design
  • Types of layouts: Product, process, fixed-position, and cellular layout
  • Factors influencing layout decisions
  • Plant location and site selection

3. Industrial Safety and Ergonomics

• Industrial Safety
  • Safety management and regulations
  • Safety audits and risk assessment
  • Safety equipment and personal protective equipment (PPE)
  • Accident investigation and reporting
• Ergonomics in Industrial Management
  • Workplace design for efficiency and safety
  • Human-machine interaction
  • Fatigue management and worker well-being

4. Supply Chain and Logistics Management

• Supply Chain Management (SCM)
  • Definition, importance, and objectives
  • Supply chain components: Suppliers, manufacturers, distributors, and customers
  • Supply chain integration and optimization
• Logistics Management
  • Functions of logistics: Transportation, warehousing, inventory management
  • Distribution networks and strategies
  • Logistics cost analysis and optimization
• Procurement and Sourcing
  • Vendor selection and management
  • Strategic sourcing
  • Purchasing policies and procedures

5. Inventory Management

• Inventory Control
  • Types of inventory: Raw materials, work-in-progress, finished goods
  • Inventory management techniques: Economic order quantity (EOQ), Just-In-Time (JIT), ABC analysis
  • Inventory turnover ratio and its significance
• Materials Management
  • Role of materials management in industrial efficiency
  • Inventory planning and forecasting
  • Materials requirement planning (MRP) and enterprise resource planning (ERP)

6. Project Management

• Project Planning and Scheduling
  • Project life cycle
  • Work breakdown structure (WBS)
  • Gantt charts and PERT/CPM (Critical Path Method)
• Project Costing and Budgeting
  • Cost estimation techniques
  • Project cost control and variance analysis
  • Earned value management (EVM)
• Risk Management in Projects
  • Risk identification and assessment
  • Risk mitigation strategies
  • Contingency planning

7. Financial Management in Industry

• Financial Planning and Control
  • Financial statements: Balance sheet, income statement, cash flow statement
  • Financial ratios: Liquidity, profitability, and efficiency ratios
  • Break-even analysis and cost-volume-profit (CVP) analysis
• Cost Accounting and Cost Management
  • Types of costs: Fixed, variable, direct, indirect
  • Cost allocation methods
  • Activity-based costing (ABC)
• Capital Budgeting and Investment Decisions
  • Time value of money and discounting techniques
  • Net present value (NPV), internal rate of return (IRR), payback period
  • Financial risk assessment

8. Human Resource Management (HRM) in Industry

• Human Resource Planning
  • Workforce planning and job analysis
  • Recruitment, selection, and training processes
  • Employee motivation and performance management
• Industrial Relations
  • Labor laws and industrial relations systems
  • Trade unions and collective bargaining
  • Conflict resolution and dispute management
• Compensation and Benefits
  • Salary structures and wage determination
  • Employee benefits and incentives
  • Performance-based rewards

9. Industrial Marketing and Sales Management

• Industrial Marketing
  • Characteristics of industrial products and markets
  • Marketing strategies for industrial goods
  • Pricing, distribution, and promotion in industrial markets
• Sales Management
  • Sales forecasting and planning
  • Sales force management
  • Sales performance evaluation and control

10. Innovation and Technology Management

• Technology in Industry
  • Role of technology in industrial growth
  • Technological advancements and their impact on industries
  • Technology transfer and commercialization
• Innovation Management
  • Types of innovation: Product, process, organizational
  • Innovation strategies and models
  • Managing research and development (R&D)

11. Industrial Automation and Lean Manufacturing

• Industrial Automation
  • Automation in manufacturing processes
  • Robotics and its applications in industry
  • Control systems and instrumentation
• Lean Manufacturing
  • Principles of lean manufacturing: Value stream mapping, waste elimination
  • Tools and techniques: 5S, Kaizen, Kanban, Total Productive Maintenance (TPM)
  • Continuous improvement culture

12. Sustainable Industrial Management

• Sustainability in Industry
  • Environmental impact of industrial processes
  • Sustainable practices and green technologies
  • Corporate social responsibility (CSR)
• Energy Management
  • Energy efficiency and conservation
  • Renewable energy sources in industry
  • Energy audits and management systems