Examine business functions and trade considerations

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Reference no: EM132687722

Unit 4 Applied commercial and quality principles in engineering - BTEC Level 3 Foundation diploma in engineering

Examine business functions and trade considerations that help engineering organisations thrive

LO1: Business Activities and Trade Considerations
Vocational Scenario or Context You are working as a final year apprentice in a small engineering company. Your supervisor is pleased with your work, your understanding of the way in which the company operates and the efficient way in which you carry out tasks.
As a result, your supervisor has asked you to investigate ways in which the company can become more competitive and respond to trade considerations more efficiently. She wants you to explore how similar sized companies are able to gain a competitive edge over other companies, and to evaluate methods which could be used to create a competitive advantage.
Your supervisor has asked you to explore the business activities and trade considerations which influence the decisions that engineering companies make. You are to report back on these, as these will influence the competitiveness of the company.

Task 1 You are going to evaluate the key business activities of AML Engineering and its trade considerations which together combine to influence the competiveness of this organisation.
To do this:
Your tutor has provided you with a case study (attached) for an engineering organisation that manufactures engineering products and provides an engineering service. You need to:
• Research the key activities of the different business functions within the given engineering organisation, including manufacturing of products or delivering services, supply chain management, marketing and sales, customer relations, resource management, staff recruitment, staff management and finance.
You will also need to:
• Research how tendering and contracting impacts on trade considerations within the engineering organisation.
• Research methods employed by the engineering organisation to gain a competitive advantage.
• Research the role of intellectual property rights as a way to increase competitiveness.
You then need to:
Produce a report that: a) explores the key business activities of AML Engineering; b) investigates the trade considerations that influence AML; and c) considers how the two combine for the benefit of the given engineering organisation.
Your report should include:
• Information on the various business functions within AML. You should provide details of how each of the functions within the organisation contributes to and influences the competitiveness of the business.
• Information on trade considerations, including contracts and tendering and how these influence the given engineering organisation. You should refer to terms, warranties and the consequences of non-performance along with the documentation that would accompany a contract or tender.
• Information relating to the methods that the given engineering organisation could adopt to gain a competitive advantage, and their benefits, including protecting intellectual property rights and outsourcing to manage costs.

Attachment:- Business Activities.rar

Reference no: EM132687722

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