Difference between Manufacturing and Service Operations
Businesses that manufacture goods or products by utilizing labor, machinery, and raw materials are manufacturing concerns. Factory, plant, or workshop that produces consumer goods or industrial materials can be included here.
Creating jobs and driving economic growth are important functions of manufacturing concerns in the global economy. Manufacturing concerns face challenges such as rising raw material costs, competition from other companies, and staying up-to-date with new technologies.
Businesses that provide services to their customers are called service-concern businesses. Among the businesses that fall into the category of service concern are consulting firms, law firms, accounting firms, and healthcare providers.
As opposed to tangible goods, these businesses deliver value to their customers through expertise, knowledge, and skills.
Some of the differences between Manufacturing Operations and Service Operations are as follows: