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5ME4: INDUSTRIAL ENGINEERING - I
Management Theory and Functions: Evolution of management, Scientific management contribution of different leaders to scientific management contribution of Taylor, Fayol, Mayo, Reactions and criticisms, levels of Management . Administration and Management, functions of Management. Decision-making, Business leader, qualities of requirements of a Business Leader, Computers and Management
Business Forms and
Organization: Forms of Business:
Finance & Financial statements: Introduction Needs of Finance, Kinds of Capital Sources of fixed capital shares (i) ordinary shares (ii) Preference Share Borrow capital. Surplus profits.
Depreciation Allowance: Specialised Financial Institutions. Sources of Working capital. Management of working capital. Financial statement (i) Profit & loss statement (ii) Balance Sheet (B.S.) Compared (iii) Financial (iv) Financial rate, rate commentaries current ratio, Liquidity ratio, Profits investment ratio, equity ratio, INventory ratio, Management and Financial ratio, Profits Money conversion cycle in the Business
Interest and Depreciation: Interest Meaning, Compound interest, Annuities capital recovery annuity present worth annuity, sinking funds annuity, compound Amount, Annuity Nominal and effective rate of interest. Depreciation: Meaning and causes, Need of Depreciation calculation, Methods of Depreciation. Straight line Methods. Sinking funds methods. Declining Balance Method, sum of years digits methods (Syd Method).
Cost and Costs Control: Costs and Cost Accountancy: Meaning of cost and cost Accountancy (C.A.), Financial Accountancy (F.A) Comparision between C.A. and F.A. Elements of cost direct and indirect cost, variable costs and fixed cost calculation of Product cost, Cost Contropl-Techniques of cost control. Budgets, Meaning Kinds, Advantages, Budgetary control, Break even Analysis. Techniques for evaluation of capital investments.
Personnel Management: Origin and Evolution. Meaning and Content, Different definitions of personnel manager. Functions of personnel Recruitment, selection, placement, training, promotions, transfer, demotion, complaint anf grievances, methods of settlement, absenteeism. Labour turnover, Employees morals, moral and satisfaction. Welfare provisions, Retirement, pensions, Gratuity, Discharge and dismissals Merit rating.
Labour relations and Legislations: Profit sharing, fringe benefits etc. For higher productivity, Meaning and Scope, Trade Union in India. Employees Union. Methods of settling disputes (i) collective Bargaining (ii) concilation (iii) Mediation (iv) Arbitration Industrial disputes in India. Machinery for settling disputes. Trade Dispute Acts. The factory Act of 1944. Employees State insurance Act Provident act. Payment of Wages Act. Workman's Compensation Act.
Purchase and Marketing: Purchasing importance and objective,
Functions and Duties of purchase Department. Purchasing Procedure. Kinds of
Purchasing. Organizational setup Relationship with other departments. Evaluation
of efficiency of Purchase List of Recommended Books:
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