Why Field Service Companies Are Moving to Servitization Business Models
Field service organizations are looking for new innovative ways to maximize operational efficiency and reduce operational costs. This change has created a fundamental shift in the industry, from expectations through to functionality and approach. As product-based companies move towards a service-based performance model, the shift from commoditization to a servitization business model has become more evident as the way forward.
Companies utilizing servitization are reporting:
- Enhanced revenue growth
- Margin increases of 3–10%
- Increases in sustainable business growth of 5–10%
- Predictable income streams
Read this field service white paper to learn what’s driving servitization and the lasting benefits it will bring.
File Information: White Paper, pdf 1.5 MB