Service lifecycle management application market
Service lifecycle management is an all-inclusive method that covers the complete service lifecycle of a product. This includes numerous complex processes such as service parts management, repair management, aftersales support, sales & marketing in collaboration with companies to optimize ROI of the concerned company. Furthermore, service lifecycle management is comprised of several processes including knowledge management, center management, warranty management and analytics, reverse logistics management, spare parts management, contract management, field service management, parts planning and forecasting, and return management. Heavy equipment and consumer electronics goods manufacturers in high technology, automotive and transportation, and aerospace and defense are focused towards complete lifecycle monitoring of their products.
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