Industry



 Every industry is controlled by 5 factors.1 Man 2 Machine 3 Material 4 Method 5 Marketing.

    Before starting any industry these factors should be considered.

    1 MAN  Most of the industrial management depends on the person who handles.Personality of the manager gets reflected in all industrial activities.

2 MACHINE  Almost all industries work with Machine. Good Machine always give you Good profitability. 

3 MATERIAL  Raw materials are always important for getting  qualities. Endproduct depends on materials used.Profitability also defined by materials used.

4 METHOD The process of manufacturing is also important. Standard operating process is to be defined Production speed and quality is directly depends on methods used. 

5 MARKETING The promotion of products is required. MARKETING is required to maintain good production speed. You can plan your business according to product demand. 

You can always analyse your business considering  these 5 M.

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