Service Sector Definition and Explanation PDF | Download eBooks
Learn Service Sector definition in supply chain management with explanation to study “What is Service Sector”. Study service sector explanation with SCM terms to review supply chain management course for online MBA programs.
Service Sector Definition:
Segment of the economy that includes trade, financial, lodging, education, legal, medical, and other professional occupations.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Service Sector Explanation:
Service sector produce those goods which are intangible which includes the transportation of goods from one place to another, warehousing, the information and technical sector services. In service sector organizations produce services like experiences, health care, instead of tangible products. U.S and China are the countries which are highly involved in the production of services and contribute in service sector. This sector is also known as tertiary sector because it is fastest growing sector in the global era.
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