Production and Operations Management
Perishability refers to the characteristic of services that they cannot be stored or saved for later use; once the opportunity to provide the service has passed, it is gone forever. This feature distinguishes services from tangible goods, as services are time-sensitive and often must be consumed at the point of delivery. Understanding perishability is crucial for designing effective service systems that can optimize resource utilization and manage customer expectations.
congrats on reading the definition of Perishability. now let's actually learn it.