HOW DO WE INCREASE THE SMALL MARGINS IN THE SERVICE BUSINESS?
For decades it has been a challenge to create a healthy and strong revenue stream in the service industry.
The service industry in general is characterized by a small earning capacity, due to strong competition and low entrance barriers for new players. In addition, there is an acute focus on price in e.g. many of the public procurements that constitute an important part of the business of the industry.
With the small margins for revenue even few or small wrong decisions could influence if the figures on the bottom line are red or black. This means that there is always a good share of new providers emerging, and that there are also some that must close after only a short while in the market.
kaastrup|andersen has extensive experience with solutions for optimization of operations with the use of digitalization and robotization, which constitute a large potential for revenue that can increase the earning capacity for the service company.