Information - The Hidden Value of Servitization

Today, in a product-service offering, the product and its related services can represent two main sources of revenue streams for the manufacturer. Tomorrow, information deriving from servitization and exploited on an ecosystem level, could represent the third one, whereas due to their ample potential in sharp market value increase, they could even become the manufacturer’s main revenue stream. This article of explorative nature questions the possibility to introduce such disruptive approach. In order to do so, servitization is evinced through a new perspective, through information. In order to exploit this new potential, the concept of an information ecosystem is introduced. Secondly, a new role is proposed, helping manufacturers to span the boundary between product and service. To depict the impact of the introduced concepts while positioning it in relevant literature, a third layer of added value was added to Thoben’s representation of servitization levels [1], the information layer.

[1]  Andrea Matta,et al.  Closed-loop PLM of Household Appliances: An Industrial Approach , 2007, APMS.

[2]  A. Debons,et al.  The control revolution: Technological and economic origins of the information society , 1990, J. Am. Soc. Inf. Sci..

[3]  Kevin F. Kelly New Rules for the New Economy , 1998 .

[4]  Oksana Mont,et al.  Clarifying the Concept of Product-Service System , 2002 .

[5]  Hamideh Afsarmanesh,et al.  Collaborative networked organizations - Concepts and practice in manufacturing enterprises , 2009, Comput. Ind. Eng..

[6]  H. Belloc The Free Press , 2002 .

[7]  A. Neely,et al.  The servitization of manufacturing: further evidence , 2011 .

[8]  James Brian Quinn,et al.  The intelligent enterprise a new paradigm , 1992 .

[9]  Horst Meier,et al.  Product-Service Integration for Sustainable Solutions , 2013 .

[10]  Georgette Wang,et al.  Treading Different Paths: Informatization in Asian Nations , 1994 .

[11]  W. Reinartz,et al.  How to sell services more profitably. , 2008, Harvard business review.

[12]  Uday Kumar,et al.  Product support strategy: conventional versus functional products , 2005 .

[13]  F. Webster The Information Society Revisited , 2002 .

[14]  Klaus-Dieter Thoben,et al.  Strategies for Extended Product Business Models in Manufacturing Service Ecosystems , 2013 .

[15]  A. Tukker,et al.  Product-services as a research field: past, present and future. Reflections from a decade of research , 2006 .

[16]  M. Porter Competitive Advantage: Creating and Sustaining Superior Performance , 1985 .

[17]  Stefan Stremersch,et al.  The purchasing of full-service contracts: An exploratory study within the industrial maintenance market , 2001 .

[18]  Rogelio Oliva,et al.  Managing the transition from products to services , 2003, International Journal of Service Industry Management.

[19]  K. Thoben,et al.  Extended Products: Evolving Traditional Product Concepts , 2001 .

[20]  Guihua Nie,et al.  Research on Service Ecosystems: State of the Art , 2009, 2009 International Conference on Management and Service Science.

[21]  S. Vandermerwe,et al.  Servitization of business : Adding value by adding services , 1988 .

[22]  S. Rothenberg Sustainability Through Servicizing , 2007 .