Manufacturing management is planning the manufacturing activity, planning organization of the manufacturing system consisting of equipment, people, materials, and other resources, acquiring all the resources and directing them and controlling them.
Manufacturing system industrial engineering is the study of resource use in various manufacturing activities with a view to increasing the efficiency or eliminating the waste wherever possible. While the manufacturing is designed to produce goods that serve the needs of the targeted customers, the resource use in the design is carefully investigated by the industrial engineering to identify and remove waste. Industrial engineering succeeded in reducing the cost of many processes designed in the first iteration by the managers up to 50% and hence it is a very important activity in systems design or systems engineering.
Famous example of industrial engineering, is Henry Ford's production system redesign, that reduced the price of the automobile by half. Taylor reduced cost of many manufacturing activities. Gilbreth and Harrigton Emerson also achieved similar cost reduction in construction activity and rail road operations.