Fee-based business models for a better future

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SKF is urging users of rotating equipment to rethink the way they pay for bearings and related items.
Gothenburg, Sweden, 17 September, 2019: In the traditional transaction-based model, suppliers’ profits depend on numbers of parts sold and not on improvements in machine performance. There’s fundamental conflict of interest, as longer component life means fewer sales for the supplier. SKF is now offering a forward-thinking, fee-based Rotating Equipment Performance (REP) service, in which both SKF as a supplier and its customers are benefiting from maximising machinery’s productivity,

Source: Fee-based business models for a better future

Booking.com
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