 Industrial engineering focuses on the optimization of complex systems and processes. Therefore, the primary mission of industrial engineering is optimization. At the factory. What is the optimal amount of raw material inventory to ensure uninterrupted production? How to minimize the idle time of equipment and workforce. Which factors are more important in improving the product quality and minimizing the number of defective parts? At the College of Science and Engineering of the American University of Armenia there is a program. The only one in Armenia which gives the students necessary knowledge and skills to find answers to the above mentioned and many other similar questions. That master program is called Industrial Engineering and Systems Management. It was mentioned already that the field of activity of industrial engineers are complex systems with their characteristic diverse, complex and frequently changing problems. To be able to discover and solve them, aside from the core industrial engineering courses, which are engineering statistics, operations research, engineering economics, quality assurance and management, production system analysis and simulation. The future engineers studying in the program are also acquiring expertise in minors in business management, computer aided design manufacturing, energy and information technology.