Industrial engineering is also known as operations management, management science, systems engineering, or manufacturing engineering, usually depending on the viewpoint or motives of the user. Recruiters or educational establishments use the names to differentiate themselves from others. In healthcare, for example, industrial engineers are more commonly known as management engineers or health systems engineers. Often abbreviated as "IE," industrial engineering is sometimes jokingly or skeptically called "imaginary engineering" in comparison to other branches of engineering which more commonly produce tangible products.

The term "industrial" in industrial engineering can be misleading. While the term originally applied to manufacturing, it has grown to encompass virtually all other industries and services as well. The various topics of concern to industrial engineers include management science, financial engineering, engineering management, supply chain management, process engineering, operations research, systems engineering, ergonomics, value engineering and quality engineering.

Examples of where industrial engineering might be used include designing a new loan system for a bank, streamlining operation and emergency rooms in a hospital, distributing products worldwide (referred to as Supply Chain Management), and shortening lines (or queues) at a bank, hospital, or a theme park. Industrial engineers typically use computer simulation, especially discrete event simulation, for system analysis and evaluation." Reference

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