Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service

Ville Ojanen, Toni Ahonen, Markku Reunanen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    3 Citations (Scopus)

    Abstract

    For a customer of industrial maintenance solution providers, purchasing a solution is an asset management option that needs to be justified, preferably in economic terms, e.g. by achieving energy savings or increasing the availability of a production system. Therefore, the value elements of maintenance service solutions should be identified and quantified wherever possible. When assessing customer value, one needs to focus on the assumed benefits on the basis of which the value proposition is made, on the value elements based on the capabilities and knowhow of the service provider, and the features of the services provided. Even though research on customer value in product, service and solution management has clearly increased in recent years, a common understanding of comprehensive value assessment in industrial maintenance management is as yet incomplete, and new methods to promote value element identification and value assessment need to be studied. In our paper, we present an integrated methodology for assessing the value of a maintenance services. The approach combines a qualitative Service Quality Function Deployment (SQFD) method with a quantitative Service Business Value Assessment (SBVA). The utilization of the multi-method approach is illustrated by means of a real-world case study of a value-based assessment of the maintenance service portfolio of a provider of industrial solutions.
    Original languageEnglish
    Title of host publicationProceedings of PICMET '11
    Subtitle of host publicationTechnology Management in the Energy Smart World, PICMET 2011
    Place of PublicationPortland, US
    PublisherIEEE Institute of Electrical and Electronic Engineers
    Pages3020-3030
    ISBN (Electronic)978-1-8908-4323-6
    ISBN (Print)978-1-4577-1552-5
    Publication statusPublished - 2011
    MoE publication typeA4 Article in a conference publication
    EventPICMET '11: Technology Management in The Energy-Smart World - Portland, OR, United States
    Duration: 31 Jul 20114 Aug 2011

    Conference

    ConferencePICMET '11: Technology Management in The Energy-Smart World
    Abbreviated titlePICMET 2011
    CountryUnited States
    CityPortland, OR
    Period31/07/114/08/11

    Fingerprint

    Sustainable development
    Availability
    Quality function deployment
    Asset management
    Purchasing
    Energy conservation
    Economics
    Industry

    Keywords

    • industrial services
    • customer value

    Cite this

    Ojanen, V., Ahonen, T., & Reunanen, M. (2011). Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service. In Proceedings of PICMET '11: Technology Management in the Energy Smart World, PICMET 2011 (pp. 3020-3030). Portland, US: IEEE Institute of Electrical and Electronic Engineers .
    Ojanen, Ville ; Ahonen, Toni ; Reunanen, Markku. / Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service. Proceedings of PICMET '11: Technology Management in the Energy Smart World, PICMET 2011. Portland, US : IEEE Institute of Electrical and Electronic Engineers , 2011. pp. 3020-3030
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    abstract = "For a customer of industrial maintenance solution providers, purchasing a solution is an asset management option that needs to be justified, preferably in economic terms, e.g. by achieving energy savings or increasing the availability of a production system. Therefore, the value elements of maintenance service solutions should be identified and quantified wherever possible. When assessing customer value, one needs to focus on the assumed benefits on the basis of which the value proposition is made, on the value elements based on the capabilities and knowhow of the service provider, and the features of the services provided. Even though research on customer value in product, service and solution management has clearly increased in recent years, a common understanding of comprehensive value assessment in industrial maintenance management is as yet incomplete, and new methods to promote value element identification and value assessment need to be studied. In our paper, we present an integrated methodology for assessing the value of a maintenance services. The approach combines a qualitative Service Quality Function Deployment (SQFD) method with a quantitative Service Business Value Assessment (SBVA). The utilization of the multi-method approach is illustrated by means of a real-world case study of a value-based assessment of the maintenance service portfolio of a provider of industrial solutions.",
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    Ojanen, V, Ahonen, T & Reunanen, M 2011, Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service. in Proceedings of PICMET '11: Technology Management in the Energy Smart World, PICMET 2011. IEEE Institute of Electrical and Electronic Engineers , Portland, US, pp. 3020-3030, PICMET '11: Technology Management in The Energy-Smart World, Portland, OR, United States, 31/07/11.

    Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service. / Ojanen, Ville; Ahonen, Toni; Reunanen, Markku.

    Proceedings of PICMET '11: Technology Management in the Energy Smart World, PICMET 2011. Portland, US : IEEE Institute of Electrical and Electronic Engineers , 2011. p. 3020-3030.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    PY - 2011

    Y1 - 2011

    N2 - For a customer of industrial maintenance solution providers, purchasing a solution is an asset management option that needs to be justified, preferably in economic terms, e.g. by achieving energy savings or increasing the availability of a production system. Therefore, the value elements of maintenance service solutions should be identified and quantified wherever possible. When assessing customer value, one needs to focus on the assumed benefits on the basis of which the value proposition is made, on the value elements based on the capabilities and knowhow of the service provider, and the features of the services provided. Even though research on customer value in product, service and solution management has clearly increased in recent years, a common understanding of comprehensive value assessment in industrial maintenance management is as yet incomplete, and new methods to promote value element identification and value assessment need to be studied. In our paper, we present an integrated methodology for assessing the value of a maintenance services. The approach combines a qualitative Service Quality Function Deployment (SQFD) method with a quantitative Service Business Value Assessment (SBVA). The utilization of the multi-method approach is illustrated by means of a real-world case study of a value-based assessment of the maintenance service portfolio of a provider of industrial solutions.

    AB - For a customer of industrial maintenance solution providers, purchasing a solution is an asset management option that needs to be justified, preferably in economic terms, e.g. by achieving energy savings or increasing the availability of a production system. Therefore, the value elements of maintenance service solutions should be identified and quantified wherever possible. When assessing customer value, one needs to focus on the assumed benefits on the basis of which the value proposition is made, on the value elements based on the capabilities and knowhow of the service provider, and the features of the services provided. Even though research on customer value in product, service and solution management has clearly increased in recent years, a common understanding of comprehensive value assessment in industrial maintenance management is as yet incomplete, and new methods to promote value element identification and value assessment need to be studied. In our paper, we present an integrated methodology for assessing the value of a maintenance services. The approach combines a qualitative Service Quality Function Deployment (SQFD) method with a quantitative Service Business Value Assessment (SBVA). The utilization of the multi-method approach is illustrated by means of a real-world case study of a value-based assessment of the maintenance service portfolio of a provider of industrial solutions.

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    Ojanen V, Ahonen T, Reunanen M. Availability and Sustainability as Value Elements in Assessing Customer Value of an Industrial Service. In Proceedings of PICMET '11: Technology Management in the Energy Smart World, PICMET 2011. Portland, US: IEEE Institute of Electrical and Electronic Engineers . 2011. p. 3020-3030