Engineering and Commercial Functions in Business

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.