How Warranty Management Can Be A Competitive Differentiator In Manufacturing
OEMs spend huge amount on R&D to develop products in an innovative way. But technology and globalization have made imitation of products easier. Watching contenders mimicking their new items is not less than a nightmare for OEMs. Today, OEMs can't be assured of benefits by just making a product. In fact it’s just the initial step. Expanded revenues and higher incentive would be possible only when OEMs will have the capacity to differentiate their contribution into the market. As marketing is an essential step, the other imperative step that OMEs can leverage is warranty. Post-sale of spare part, warranty management is an important responsibility of OEM that can enhance customer responsibility, enhance brand value and can create a difference. This post tells the important aspects to keep in mind while choosing a warranty management system. Best-in-class OEMs, who focus on warranty management, can grab four noteworthy opportunities through this: Increase revenues and profi...