Digitalization opens up a whole new range of possibilities to create new user- and business-oriented services that harness the power of customer understanding, make the entire product lifecycle transparent, and enable the cost-efficient manufacturing of ever more customized products.
An opportunity for developing a new business model can open up, for example, through production process optimization or through the development of product information lifecycle management. When enterprise resource planning, production process and product management are in order, information is easy to share, utilize and update quickly. This way, you can increase and develop your business without disturbing the core business.
From subcontracting to manufacturing own products
Is the product management of my company strong enough to allow us to transform our business model from subcontracting to manufacturing our own products? How about lifecycle business – could my company move from manufacturing business over to lifecycle business?
Moving over to manufacturing your own products requires the modeling of your product planning process and taking the product data into control. Our recommendation for you is Aton PLM system – Roima’s tested solution with which numerous other successful companies in Finland and globally manage their product data throughout the entire product lifecycle.
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Industry Expert: Janne Tiuttu
From manufacturing to service business
The design and manufacturing of equipment have formed the backbone of my company’s business. I would be interested in creating new business from equipment maintenance during the in-use phase. At the same time, I would get the opportunity to learn from my customers about the use and functionality of the equipment. The demand for Service business has already come from our customers who upon acquiring new equipment also want to agree on its maintenance.
The manufacturing process generates a great amount of data which creates a ready basis for your service business. The device cards created during the manufacturing process form the installed base which will be the target of your Service business. Your ERP system collects information on the attributes of the produced device. This involves parts list data of individual devices and, for example, the results of completed test runs.
You can monitor the profits, costs and margin of your service business customer- and device-specifically.