The Role of Industrial Services in Manufacturing

Lessons learned from the economic crisis

JournalIndustrie Management
Issue Volume 26, 2010, Edition 6, Pages 57-61
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Abstract

For many companies from the investment goods industry industrial services have evolved from a necessary prerequisite for selling a core product to a very important source of turnover and profit. But what role do industrial services play for the providing company during an economical crisis? To answer this question, the authors conducted interviews with six Swiss companies from machining and plant industry. The results of the research especially highlight the unique economic potential of industrial services. Companies may use the highlighted potential by adapting their service offering according to their customer’s economic situation.

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Potentials: Profitability