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 ...

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 ...

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

Major disruption is happening in manufacturing. As pressure mounts from startups and digital giants encroaching on their territory, and as products become commoditized, manufacturers are losing the ...

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 ...