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Syncron recently announced the launch of its new servitization maturity model, a four-step process that will serve as the roadmap for manufacturers to navigate the necessary steps and changes required to deliver Product-as-a-Service, where customers purchase a desired result or output of a product rather than the product itself.
“As manufacturers aim to future-proof their businesses as the world moves toward ‘as-a-Service’ business models, they must evolve and optimize the performance of their current after-sales service operations to preserve revenue and margins as a prerequisite to this inevitable shift,” said Erik Lindholm, VP of Product Strategy at Syncron. “The repair and maintenance of manufacturers’ longtail of disconnected – or not IoT enabled – products will continue to be delivered via Original equipment manufacturers’ traditional service operations for the foreseeable future. And, an optimized break-fix service operation lays a strong foundation for more mature service models down the road.”
The servitization maturity model is available in an exclusive white paper that explores the shift to delivering products as services. Additional takeaways include:
“Operating two service models in parallel will most certainly be a balancing act, but it is possible. Along the way to the full realization of delivering products as services, manufacturers will fall into several stages of maturity. Manufacturers must cultivate strong ecosystems of technology and consultative partners to accompany them on this journey as they invest in the new resources, technology and infrastructure needed to succeed,” said Lindholm.
Click here to read “The Path to Servitization Maturity: Introducing a 4-Step Maturity Model to Enable Manufacturers’ Shift to Delivering Products as Services” in its entirety.
Syncron empowers the world’s leading manufacturers to maximize product uptime and deliver exceptional after-sales service experiences, while driving significant revenue and profit improvements. From industry-leading investments in research and development, to providing the fastest time-to-value, Syncron’s award-winning, cloud-based service parts inventory, price and uptime management solutions are designed to continually exceed customer expectations. Top brands from around the world trust Syncron to transform their after-sales service operations into competitive differentiators.
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