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What is the meaning of the word servitization?

Definitions for servitization. servi·ti·za·tion. Here are all the possible meanings and translations of the word servitization. Wiktionary(3.00 / 1 vote)Rate this definition: servitization(Noun) The delivery of a service component as an added value, when providing products. Origin: Irregularly from .

What are some examples of servitization in manufacturing?

Netflix and Spotify are probably the most well-known example of this, delivering media as a service, rather than customers buying the CDs, DVDs et cetera that produce those outcomes. Although very different to media streaming businesses, manufacturing can also benefit from servitization.

Why is servitization growing in popularity?

Conclusion – Servitization is Growing in Popularity. As customers continue to expect additional benefits and long lasting relationships with their dealers, more manufacturing companies will add service contracts to their product sales.

What is the meaning of servservitization?

servitization noun The delivery of a service component as an added value, when providing products. Etymology: Irregularly from. Editors Contribution (4.00 / 1 vote) Rate this definition: