SSE Meeting 45
From Service Systems Engineering Group Wiki
Revision as of 12:43, 6 December 2021 by Prof John Davies (Talk | contribs)
6th December 2021
Contents |
Attendees
John Davies, Iain Cardow, Simon Wright, Andrew Farncombe apologies: Mark Womersley, Neil Hunter
ASEC2021
Simon attended. Overall conference was gppd. We did not present on SSE, Good presentations on other topics. Poster was displayed but no-one visited. This was akso true of other [posters. Likely to be dropped in future years.
Chairs meeting:
Simon Wtright attended, Similar to the Services group other groups were meeting by Zoom or Teams – with more shorter meetings.but Looking forward to some face-to-face meetings.
Don’t Panic Guide tp Service Systems Engineering
Simon has filled in forms based on wgat needs to go in a gyude. Has produced some drafts. Team to quick review if possible on general route.
Simple idea of what is a service what is a product?
- Based on Accountants end of year accounts
- Where one lot of spend is Capital and the other is Operations.
- Services go into Operations Products go into Capital.
- For example a washing machine, if you buy it its capital, if you rent it it’s a servide. Will depend on the apaper work if if its sold or rented,
- But if you buy it with a warrantee then it has a Product component and a Service component.
- Problem with Financial Services where they sell services as ‘Products’
- To get round this some businesses use the terms Services and Equipment.
Definitions of Capital Expenfiture and Operatiopns Expenditure
- Capital expenditure, or CAPEX, is the term used for the money spent by businesses on physical assets.
- An operational expenditure (Opex) is the money a company spends on an ongoing, day-to-day basis in order to run a business or system.
Date of next meeting
7th or 14th February. Members of the woder group to be invited.
