Engineering and Commercial Functions in Business - 1st Edition - ISBN: 9780750621977, 9781483183961

Engineering and Commercial Functions in Business

1st Edition

Authors: William Bolton
eBook ISBN: 9781483183961
Imprint: Newnes
Published Date: 12th April 1995
Page Count: 186
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Engineering and Commercial Functions in Business focuses on the relationship of engineering and commercial functions in business, as well as business functions, types of business, and activities of engineers in organizations.

The monograph first elaborates on organizations, structure of organizations, and business functions. Discussions focus on communication interfaces, functional area activities, authority, organization structure, structuring and organization, and engineering organizations. The text also ponders on financial factors, cost elements, and budgetary control. Topics cover budgets, cost audits, preparing budgets, flexible budgets, elements of manufacturing costs, direct material and overhead costs, operational costs, and financial factors. The manuscript takes a look at forecasting and inventory control, including uses of forecasting, opinion gathering, correlation with related variables, economic order quantities, and finished good stocks.

The text is a valuable source of information for researchers interested in engineering and commercial functions in business.

Table of Contents

1 Organizations

1.1 Organizations

1.2 Inputs and Outputs

1.3 Engineering Organizations


2 Structure of Organizations

2.1 Why have a Structure?

2.2 Authority

2.3 Organizational Structure

2.4 Structuring an Organization

2.5 Types of Production

2.6 Activities


3 Business Functions

3.1 Functional Area Activities

3.2 Communication Interfaces


4 Financial Factors

4.1 Financial Factors

4.2 Operational Costs

4.3 Capital Costs

4.4 Costs and Revenue

4.5 Changes and Break-Even Charts

4.6 Make or Buy?

4.7 Inventory Costs


5 Cost Elements

5.1 Costs

5.2 Elements of Manufacturing Costs

5.3 Direct Labor Costs

5.4 Direct Materials Costs

5.5 Overhead Costs

5.6 Absorption Costing

5.7 Marginal Costing


6 Budgetary Control

6.1 Budgets

6.2 Types of Budgets

6.3 Flexible Budgets

6.4 Preparing Budgets

6.5 Monitoring

6.6 Cost Audits


7 Inventory Control

7.1 Inventory Control

7.2 Economic Order Quantities

7.3 Finished Goods Stocks

7.4 Just-In-Time


8 Forecasting

8.1 Uses of Forecasting

8.2 Opinion Gathering

8.3 Historical Data Analysis

8.4 Correlation with Related Variables


Appendix: Assignments




No. of pages:
© Newnes 1994
eBook ISBN:

About the Author

William Bolton

Former Lecturer at Buckingham Chilterns University College, High Wycombe, UK, and now retired, William Bolton has worked in industry and academia as a senior lecturer in a college of technology, a member of the Nuffield Advanced Physics team, an adviser to a British government aid project in Brazil on technical education, as a UNESCO consultant in Argentina and Thailand, and as Head of Research and Development at the Business and Technician Education Council. He has written many engineering textbooks, including Mechatronics, 4th ed., Engineering Science, 5th ed., Higher Engineering Science, 2nd ed., Mechanical Science, 3rd ed., and Instrumentation and Control Systems.

Affiliations and Expertise

Formerly Lecturer, Buckingham Chilterns University College, High Wycombe, UK

Ratings and Reviews