Analysis of Manufacturing and Service Sectors: A Detailed Report

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Added on  2023/04/11

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This report provides an analysis of the manufacturing and service sectors, focusing on the integration of service and manufacturing and global manufacturing strategies. The report discusses the growth of manufacturing and the service industry, highlighting the importance of customer service and the different types of service firms. It also covers the strategies for achieving long-term development in a changing global environment, including manufacturing intelligence and peer-to-peer networking. The report references several sources related to operations management, servitization of manufacturing, and supply chain management, providing a comprehensive overview of the subject matter.
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Running head: MANUFACTURNG AND SERVICE SECTORS
MANUFACTURNG AND SERVICE SECTORS
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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.
Strategies to adopt for achieving the organization's long-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
times of design and gain productivity and efficiency as well (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
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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.
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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. 14th global 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.
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