Any kind of management is a combination of Art and Science, which consists planning, controlling and directing of different human efforts in such a united way that makes the pre-determined objectives of an Organization successful in accordance with its present policies. Material in any form is a prime foundation on which the whole organizations keeps on working. These are five foundations of all kind of Industrial managements and trades and these are: - Man, Money, Methods, Machines and Material. These are also known as five Ms of the Industrial Management in the field of business world of today.