Abstract:
Supply chain management (SCM), an aware term, a vital face of business operations, that
affects output, satisfaction of clients, and the competition all around. Industrial and service
supply networks have many differences in terms of characteristics and management
strategies, Although the basics of supply chain management (SCM) are applicable to
industries all around the world. Finding these differences by providing a thorough
opportunity of their unique properties is the main aim of this work.
Already Available studies aims to investigate the specific features of manufacturing and
service supply networks, different management tactics are used to focus mainly on the
process. The specifics of these type of supply networks are already observed in the previous
literature. Strong commodity results, intricate manufacturing types, and reliance on other
sources are some of the characteristics of manufacturing supply networks. Many other
services like quality assurance, intangible properties and flexible management with close
client interaction are provided by supply chains.
Some comparative factors are in the nature of the product (physical vs. intangible),
manufacturing processes, demand forecasting, supplier relationships, logistics and
distribution, customer involvement, and human resource management. How these ideas are
implemented in real life can be learnt by Uber lnc. and apple and many other companies.
The methods that are more efficient need to be designed that cause the industries to be
grow and the differences should be examined by the service stations. This comparison
study helps to enhance these processes, increase operational efficiency, and sustainability.
The basic learnings I have got from this study is the function of supply chain. By analyzing
the distinctive features and management strategies of manufacturing and service supply
networks, this project provides basic understanding of the processes going through in
supply chain management. By using the techniques and strategies I have learn through
business can be expanded and targets can be achieved in comparison to competitors as
well.
