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 ...

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.

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: ...

Manufacturers, retailers, and other businesses have, over the course of the last several years, diversified their product offerings by productizing service. We call this servitization. Making a ...

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 ...

As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services ...