Updated on: 10-02-2024 Engineering organisations use a wide range of systems and methods to ensure that they are competitive. For example, organisations can develop a competitive advantage by increasing the quality of their products, innovating with new product designs or reducing the cost of their operations. Well-known brands that have successfully produced a competitive advantage in this way include Dyson, Rolls-Royce and koda. In this unit, you will explore how key business activities and trade considerations influence engineering organisations and are used to create a competitive advantage. You will understand why organisations need to control costs and how they make decisions, applying an activity-based costing methodology. You will also understand what is meant by quality and why it means different things to different people; you will investigate quality systems, including quality assurance and control. Finally, you will explore value management as a process to create value in an organisation. The quality systems and value management principles and processes provide a foundation for business process improvement techniques, such as Lean and Six Sigma, which many engineering organisations follow to ensure continuous improvement. It has not been possible to include these methodologies as part of this unit; however, should you encounter them in the workplace then this unit provides a basis for understanding and applying them. As an engineer, it is important that you understand some of the commercial and competitive considerations that ensure that engineering organisations thrive. You will need to apply these principles to technical engineering projects to ensure that they add value to the organisation and are profitable. This unit will help to prepare you for an engineering traineeship, higher education and technician-level engineering roles.