Modern businesses are starting to understand that driving competitive advantage requires more than simply producing quality products. Case in point: many original equipment manufacturers (OEMs) are ...

Servitization - a shift to service based business models - will be key to boosting resilience and growth in manufacturing writes Professor Tim Baines, Director of Advanced Services Group at Aston ...

Servitization has been defined as a manufacturing or product-centric organization’s ability to develop the capabilities needed to offer services after the product sale. For service-specific businesses ...

Servitization. Servitisation. Servicization. Regardless of your preferred spelling, the expression perfectly encapsulates a concept of immediate urgency and opportunity for global manufacturers: ...

The way field service teams operate and deliver service is changing, and this rapid pace of change is being driven by new customer expectations, advancing technologies, IoT, and what some are calling ...

As automobile manufacturers continue to wrap subscriptions around their products, Information Age analyses servitization and the automotive industry and what it means for IT. Last week Mercedes ...

The concept of servitization is not a new phenomenon. The term was formally defined in the 1980s , but its essence— bundling service packages with products to add value—goes back several decades ...

The trend toward subscription models and buying products as services is well understood by consumers, as we pay to stream films through Netflix or listen to music through Spotify, and we are also ...

Dublin, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The "Beyond the Product: How Servitization is Shaping the Future of Consumer Appliances" report has been added to ResearchAndMarkets.com's offering.

Servitization offers a viable method of boosting growth for manufacturers’ businesses and the industrial sector overall. Antony Bourne, global manufacturing industry director for IFS, explains how.