Engineers are accustomed to working with tangible things like machines, electrical circuits, infrastructure (e.g., roads, bridges), plumbing, and information & automated technologies. They don’t quite get involved with intangibles like supply chains. Nevertheless, there is a need for supply chain engineers. Supply chain engineers (SCEs) study the input & output of activities occurring within andContinue reading “Engaging Engineers in Supply Chain Envisioning”
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Products & Services: What’s the Difference and How Do We Maximise Their Value?
What’s the difference between a product and a service? A product is an item of value that benefits a user. A service is an activity that leads to the benefits for those availing of it. Products are tangible, i.e., as in solid, liquid, gas, or energy, or as virtual (e.g. software, streaming videos, speeches,Continue reading “Products & Services: What’s the Difference and How Do We Maximise Their Value?”