Industrial Engineering Basics Quiz

Inputs in Industry

• Inputs in any industry include human efforts, materials, and invested capital.

Definition of Industrial Engineering

• Industrial Engineering is concerned with the design, improvement, and installation of integrated systems of people, materials, and equipment.

Concerns of Industrial Engineers

• Industrial engineers aim to reduce production costs, increase efficiency, improve product quality, ensure worker health and safety, protect the environment, and comply with government regulations.
• They work to eliminate waste of time, money, materials, energy, and other commodities.

Definition of Management

• Management refers to "the way of getting things done."

Frederick W. Taylor's Definition of Management

• Frederick W. Taylor, the Father of Scientific Management, defined management as "the art of knowing what you want to do in the best and cheapest way."

Introduction of Scientific Management

• Frederick W. Taylor introduced the concept of Scientific Management at Midvale Steel Company in Philadelphia around 1880.

Concepts of Scientific Management

• Analyze each job or task scientifically to determine the "one best way" to perform the job.
• Hire the right workers for each job and train them to work at maximum efficiency.

Definition and Types of a Company

• A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.
• Companies can be a partnership, proprietorship, corporation, public, or private.
• The benefits of starting a company include income diversification, strong correlation between effort and reward, creative freedom, and flexibility.
• Companies create jobs, employ people, reduce unemployment, and bring wealth into the economy.

Definition of an Organization

• An organization is a collection of individuals who join together to achieve common goals and objectives, bounded by legal entities.
• Organizations can be referred to as a company, institution, association, government body, etc.
• They follow legal procedures like business registration, tax identification, and maintaining corporate book records.