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Explain three similarities between Services and Manufacturing with one example each. not to long answer

Explain three similarities between Services and Manufacturing with one example each. not to long answer
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Answer #1

Similarities between Services and Manufacturing:

  1. Both uses technology for example both industries using ERP software for manage sales, services, finance, production.
  2. Both have customers. For examples service and manufacturing industries provide their services and products to their customer.
  3. Both have suppliers. For example service industry such as internet service provider buys items ( wires, modem, routers etc) from their suppliers. Similarly manufacturing industry purchase raw material from their supplier to start the production.
  4. Both must forecast demand. Both have using forecast demand for estimate the demand of product and service in the future. For example a car manufacturing company estimate the future demand on the basis of last year sales.
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