1MANUFACTURNG AND SERVICE SECTORS Analysis of the manufacturing and service sector In the recent time, it is noticed that manufacturing investment has been growing rapidly. The service industry comprises of several firms whose main purpose is to deliver customer market service (Prajogo, 2006). There are basically two types of service firms which includes the equipment based service firm and the people based service firm. Equipment based firms are those organizations which uses machinery and other technology forms to perform the task as needed by the customers and these are mainly run by the unskilled labour (Baines, Lightfoot & Benedettini, 2009). On the other hand, people based firms of service are those which are not based on machinery for delivering service and they may also use unskilled labourer. In the case of people based service firm, a professional provides the service and the knowledge which he/ she maintains and enables the task to be performed. Many researches on the manufacturing growth and industry of service focusses on several aspects of manufacturing and integration of service involving the manufacturing servitization and vice versa (Jacobs & Chase, 2014).There is a common belief that the growth of manufacturing and service which is spiral has to be preceded by the integration. Strategiestoadoptforachievingtheorganization'slong-term development in a changeable global environment It is noticed that global manufacturers always remain under pressure for better aligning the total engineering and value chain manufacturing thus helping them in reducing the cycle timesofdesignandgainproductivityandefficiencyaswell(Giannakis,2011).Global manufacturing strategies is a global community which serves senior manufacturing as well as operations executives from the corporations worldwide which are major. They are responsible
2MANUFACTURNG AND SERVICE SECTORS for providing manufacturing intelligence which are independent and innovations which have cutting edge. They also provide peer to peer networking as well. The strategies mainly involve connecting people and business acceleration and designed talks for providing opportunity to the leaders of the market for engaging and exchanging ideas in a setting of think tank (Jacobs & Chase, 2014). Market intelligence can even provide client value in achieving the growth by critical insight and perspective of the industry.
3MANUFACTURNG AND SERVICE SECTORS References Baines T.S., Lightfoot, H. & Benedettini, O. (2009) ‘The servitization of manufacturing: a review of the literature and reflection on future challenges’, Journal of Technology Management, 20 (5), pp. 547– 567. Giannakis, M. (2011) ‘Management of service supply chains with a service-oriented reference model: the case of management consulting’, Supply Chain Management: An International Journal, 16 (5), pp. 346-361. Jacobs, F.R. & Chase, R. (2014) Operations and supply chain management. 14thglobal ed Prajogo, D. (2006) ‘The implementation of operations management techniques in service organisations’, International Journal of Operations and Production Management,26 (12), pp. 1374- 1390.