Business services are the non-product related operations that support the activities of a business. These operations can include marketing, consulting, waste management, shipping, staffing, administrative and security services. All businesses in operation need some of these services to operate efficiently and effectively. Many business service providers specialize in a specific industry or service and provide their expertise to other companies.
Unlike manufacturing, where a product is physically produced, most business services are intangible and cannot be touched. This makes it difficult to control or measure quality. Despite this, businesses are increasingly turning to business services providers for their expertise and scalability. This trend is driving growth in the business services industry, especially in areas such as technology and waste management.
The mission of the Office of Business Services is to provide leadership in the development, implementation and continuous improvement of auxiliary services essential for Kean University to fulfill its mission. This includes campus bookstore, dining, vending and catering, cash management, treasury and banking services, travel and risk management, capital financing and petty cash services. The office also acts as an institutional liaison with the major vendors who provide these services to the University.
Business Services can be categorized by their intangibility, inability to be stored like inventory, and the fact that they are supporting activities. In addition, many of the services provided by business services firms can be replicated and delivered to other customers. This scalability can help businesses to focus on their core activities and leave non-core services to specialist providers.
A good example of this is software that is offered for a monthly fee together with operation, maintenance and support. Another is infrastructure such as computing equipment that is sold on a utility model where businesses pay only for what they use.
In the future, it is likely that more traditional products will be combined with business services to create new types of value for consumers. This is being driven by the need for companies to be more innovative and competitive in a world of rapidly changing technologies.
To make the most of your Business Services dashboards, you can customize and sort them based on your favorites. Simply click the star icon to add a service to your favorites list, and it will appear at the top of the dashboard by default. You can also remove a service from your favorites list by clicking the star again.
The Business Services page is an excellent starting point to gain visibility into your business services across hybrid infrastructure and to see how they are interdependent. By analyzing this data, you can identify dependencies and potential bottlenecks in your business service delivery and optimize performance. In addition, you can set up alerts to notify you of any changes in status that impact a critical business service. This will help you to maintain business agility and stay ahead of the competition.