CIRP Encyclopedia of Production Engineering

2014 Edition
| Editors: The International Academy for Production Engineering, Luc Laperrière, Gunther Reinhart

Industrial Product-Service System

  • Horst Meier
Reference work entry
DOI: https://doi.org/10.1007/978-3-642-20617-7_14

Synonyms

Definition

An Industrial Product-Service System (IPS2) is characterized by the integrated and mutually determined planning, development, provision, and use of products and services including immanent software. IPS2 are offered in business-to-business markets and therefore address industrial applications only. An IPS2 represents a knowledge-intensive socio-technical system (Meier et al. 2010).

An IPS2 is a novel customized solution which uses products, services, and immanent software in an integrated manner in order to deliver a particular value instead of pure functionality to customers with an industrial background. Hence, IPS2 aim at replacing product-focused business strategies. Furthermore, IPS2demand the integrated and mutually determined planning, development, provision and use of products, services, and immanent software in order to entirely expose each component’s full potential. During...

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Copyright information

© CIRP 2014

Authors and Affiliations

  1. 1.Ruhr-University BochumBochumGermany