The service industry primarily provides intangible products, such as expertise, experiences, or assistance, focusing on customer interactions and satisfaction. In contrast, manufacturing involves the production of tangible goods through various processes, often transforming raw materials into finished products. While the service sector emphasizes skills and relationships, manufacturing prioritizes efficiency, production, and supply chain management. Both sectors are essential to the economy but operate under different principles and business models.
In service industry the just in time pertains to delivering schedule while in a manufacturing environment , JIT is used for batch completion.
Example for service industry would be Banking, Insurance, Investment etc.. Via., Example for manufacturing industry would be Iron and steel industry, Textile industry, Pharmaceutical industry etc.. In brief service industry is meant to render services to consumers(end users). Via., Manufacturing industry is to produce/manufacture goods, and sell it to customers(who might be not end users of products) and consumers.
capacity in a industry is measure by the unit of in put and the unit out.capacity in a service industry it is measured by the available facilities, skilled labourer because they have contact with the customers.
The construction industry is considered more of a service industry because it focuses on delivering customized solutions and services to clients, rather than producing standardized products for mass consumption. Each construction project is unique, requiring specialized skills, project management, and client interaction to meet specific needs and regulations. Additionally, the construction process involves collaboration among various stakeholders, including architects, engineers, and contractors, emphasizing the service aspect over traditional manufacturing processes.
The end goal of any company is a satisfied customer. The process of locating, obtaining and transporting the inputs needed to do this is the core function of supply chain management. Supply chain design in the manufacturing industry requires a great deal of focus on physical product and a broader supplier base, while service firms typically have little need for physical inputs other than office supplies, and often work with a much smaller group of suppliers.
A service industry provides a service like lawn care, manufacturing is a factory producing goods.
A service organization's end product is a service. A manufacturing organization's end product is a product.
In service industry the just in time pertains to delivering schedule while in a manufacturing environment , JIT is used for batch completion.
NAICS 333319 applies to Other Commercial and Service Industry Machinery Manufacturing.
The overall outlook for the commercial and service industry machinery manufacturing industry was for small but steady annual growth through 2012.
A service industry is a business that does work for a customer, and occasionally provides goods, but is not involved in manufacturing.
agriculture,manufacturing,retail,wholesale,and service
service industry
Example for service industry would be Banking, Insurance, Investment etc.. Via., Example for manufacturing industry would be Iron and steel industry, Textile industry, Pharmaceutical industry etc.. In brief service industry is meant to render services to consumers(end users). Via., Manufacturing industry is to produce/manufacture goods, and sell it to customers(who might be not end users of products) and consumers.
Public Service Broadcasting is the industry under which Public Broadcasting System channels operate.
service ,manufacturing industry
Manufacturing Cost: These are those costs which are directly involved in manufacturing of product or service. It includesDirect MaterialDirect LabourManufacturing OverheadsNon Manufacturing Cost: These are those costs which are not incurred for manufacturing of product. It includesSelling and marketing expencesAdministration expences