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Frequently Asked Questions

What is servitization and how can it help your business?

Once a foreign business word, servitization is becoming a common strategy for equipment companies to improve customer satisfaction and grow profits in the manufacturing industry. Servitization is completely reinventing the manufacturing business model.

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:

Is servitization the future of media streaming and manufacturing?

Although very different to media streaming businesses, manufacturing can also benefit from servitization. Manufacturing businesses can offer additional services to supplement their traditional products such as maintenance, keeping a fleet of vehicles on the road as a service.

What are the challenges of servitization in manufacturing?

When a manufacturing business makes the decision to adopt a servitization model, there are specific challenges they face, essentially because a service culture is different to a ‘make it sell it’ culture.