Circular Economy & Servitization
Uncover the synergies and value of servitization and a circular economy.
Circular Economy & Servitization: Two Trends That Will Redefine Field Service
As a senior field service management professional, you know that providing excellent customer service while managing costs and resources is vital to business success.
Additionally, in today’s world, this also means considering your business’s impact on the environment and adopting sustainable practices wherever possible. These two overarching trends in field service are most visible in discussions around servitization and the circular economy.
What is particularly interesting, however, is how closely these two concepts align. In this white paper, you will learn how:
- To leverage data and analytics to optimize our products for sustainability?
- Do we transition from a product-based business model to a service-based business model?
- Can we overcome the challenge of spare parts revenue in a circular economy and service business model?
By adopting circular economy and servitization practices, companies can reduce their environmental impact, generate new revenue streams, and build stronger customer relationships.