Unit 7: Business Operations in Engineering

This unit gives learners an understanding of the major factors that affect the way that engineering companies
operate in competitive business environments. They will also develop skills in costing techniques for
engineering activities.

Specification - Unit 7: Business Operations in Engineering

 

 

Learning Outcome 1 -Understand how an engineering company operates

Sectors Code a weld website
Sheffield Forgemasters International
The Welding Institute
 
Engineering functions  
 
 
Organisational types  
 
 
Information flow  
 
 
   
   

Learning Outcome 2 -Understand how external factors and the economic environment can affect the operation of an engineering company

External factors News about defense contracts
News about engineering and construction contracts
Data about unempoyment figures
 
 
Economic environment Office for National Statistics
Data on currency exchange rates
Data on historic interest rates
Local enterprise partnerships
 
 
   
 
 

Learning Outcome 3 -Know how legislation, regulation and other constraints impact on the operation of engineering businesses

Legislation Data Protection Act PDF
Companies Act 2006 PDF
Employment Law PDF
HSE guide to Ionising radiation
 
 
Regulation Employment Equaility (Age) regulations PDF
Working Time Regulations 1998 PDF

Workplace (Health, Safety and Welfare) Regulations 1992 PDF

Minimum Wage PDF
Website and Email Law PDF
Discrimination PDF
Intellectual Property PDF
 
 

Learning Outcome 4 -Be able to apply costing techniques to determine the cost effectiveness of an engineering activity

Costing techniques:  
 
 
 
 
Make-or-buy decisions:  
 
 
 
 

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