Tapping the value potential of extended asset services: experiences from Finnish companies

Helena Kortelainen, Jyri Hanski, Pasi Valkokari, Toni Ahonen

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


    Recent developments in information technology and business models enable a wide variety of new services for companies looking for growth in services. Currently, manufacturing companies have been actively developing and providing novel asset based services such as condition monitoring and remote control. However, there is still untapped potential in extending the service delivery to the long-term co-operative development of physical assets over the whole lifecycle. Close collaboration with the end-customer and other stakeholders is needed in order to understand the value generation options. In this paper, we assess some of the asset services manufacturing companies are currently developing. The descriptions of the asset services are based on the results of an industrial workshop in which the companies presented their service development plans. The service propositions are compared with the Total Cost of Ownership and the closed loop life cycle frameworks. Based on the comparison, gaps that indicate potential for extended asset service concepts are recognised. In conclusion, we argue that the manufacturing companies do not recognise the whole potential for asset based services and for optimizing the performance of the end customers' processes.
    Original languageEnglish
    Title of host publicationProceedings of MPMM
    Subtitle of host publication6th International Conference on Maintenance Performance Measurement and Management
    PublisherLuleå University of Technology
    ISBN (Print)978-91-7583-841-0
    Publication statusPublished - 2016
    MoE publication typeA4 Article in a conference publication
    EventMaintenance Performance Measurement and Management Conference - Luleå Tekniska Universitet, Luleå, Sweden
    Duration: 28 Nov 201628 Nov 2016


    ConferenceMaintenance Performance Measurement and Management Conference
    Abbreviated titleMPMM


    • asset
    • fleet
    • extended asset services


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