The UK manufacturing industry has witnessed a rise in service-based business models, but despite clear potential for business growth and reliable revenues, the uptake of servitization in the UK is not as widespread as it could be. The recent report 'Servitisation: from products to profit' seeks to change that by making the business case for servitization and assessing its role in improving manufacturing productivity and contributing to the UK economy. View the recording of the webinar…

With its promise of regular, reliable income and business growth, servitization is a compelling proposition for many manufacturers. Yet, servitization journeys can be complex, messy and last longer than expected. Executives frequently struggle to manage the organisational change that is necessary to innovate services within a traditional product-focused business. All to often progress stalls and it is not clear which steps to take next. Force Field Analysis can be a useful tool for decision…

The first part of this document, issued from Things+ Project co-financed by Interreg Central Europe, contains a set of tools to be used during the third phase of implementing the Service Innovation Methodology. Some of the tools and methods are already used in previous steps – at this phase, those tools are not used to analyse but to design and envision the new state, servitization elements and also to plan the change. Phase 3 is much less prescriptive and suggested steps are supposed to create…

This document, issued from Things+ Project co-financed by Interreg Central Europe, contains a set of tools to be used during the second phase of implementing the Service Innovation Methodology. Some of the tools and methods will be used during the second workshop with participating SMEs while the other will be used by the SMEs on their own in the period after the workshop. The companies will be instructed how to use these tools for self-assessment and data gathering, and also will be…

This document, issued from Things+ Project, co-financed by Interreg Central Europe, contains the tools and methods to be used during the first phase of the Service Innovation Methodology implementation in manufacturing SMEs. The first phase deals with assessment of the company capabilities, existing products and services features and opportunities for modifying the offering. During this first phase the company will start to conceptualise its opportunities for servitization, based on the…

Due to the more competitive environment, manufacturing companies need to complement their offerings with industrial, knowledge-based services. To successfully develop, produce and market these, organizational changes throughout the company and the measurement of this development are necessary. Therefore, in the scope of the Interreg CE project ProsperAMnet, the Industrial Service Excellence Monitor has been developed - a tool that helps companies determine their current situation and derive…

The Service Export Radar is a cutting-edge, artificially intelligent solution to assist advanced manufacturers in their decision-making process regarding their service export into new markets abroad. Especially the time-consuming market research process before any entry into a new market is facilitated. With the help of artificial intelligence, specific information will be collected automatically, and the radar can be used for three different reasons: Use case #1: Search for similar…

Servitization is a process of creation of new services that are based on existing products already offered by a company. This eventually leads to improving the offering by adding additional services to existing product (product-service systems) or even replacing the product with an innovative service. Also, servitization fosters digitalization of manufacturing SMEs by creating new revenue streams based on digitalized products and maximizes the potential of the Industry 4.0 infrastructure. …

Everything as a service models are presenting solutions to major societal challenges. Servitization Live – the business conference on Servitization and advanced services – will be showcasing innovative businesses and how their service-led strategies lead the way into the future. All successful businesses are built on a foundation of the right systems and processes, and servitized business models require particular support in this area. In this taster session for the main event, join Mike…

With the growing adoption of the as-a-service business model across industries, change is accelerating as businesses increasingly look to manage consumption instead of asset ownership. Customers are demanding more predictable operating costs and reallocation of resources to focus on their core business activities. At the same time, climate change is pushing enterprises like Schneider Electric to come up with solutions that are efficient on energy, capital and are circular economy enabled by…