Servitization

The importance of servitization in manufacturing

There are numerous benefits manufacturers can enjoy as a result of servitization, which can be achieved with the correct structures and processes in place.
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 field, manufacturing is clearly in the midst of an industry-wide servitization transformation.

Servitization 2016: live coverage

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Yesterday was the Servitization 2016 Conference, an annual event delivered by The Manufacturer Thought Leadership Network. Below is a recap of the day's presentations, which offered real-world examples of the benefits of a service-based business model and the growth companies can derive from embracing it.