Genpact high tech services support helps consumer electronics manufacturers improves service profitability & reduce product return costs through customer service solutions and retention strategy.
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
Genpact Service Support Improves Service Profitability & Reduce Product Return Costs
1. PROCESS • ANALYTICS • TECHNOLOGY
Improveserviceprofitability
andreduceproduct-return
costswithbest-in-class
customersupport
Generating customer satisfaction Impact
Solution
Overview
Consumer electronics manufacturers today face the key challenge of effectively
managing the twin objectives of costs and revenue generation through a customer
service and retention strategy.
2. support, manufacturers lose out on a captive
revenue stream due to the lack of visibility
and control. Only one in four manufacturers
receives out-of-warranty repair revenues from
ASCs for such transactions.
An integrated solution influencing
multiple impact areas
A combination of integrated customer issue-resolution
processes, advanced metrics measurement frameworks
and analytics, and focused process-driven technology
can transform operations for consumer electronics
manufacturers, leading to reduced service costs.
Process
A scientifically designed process seamlessly
integrates four different components that are
currently sub-optimally managed in silos by most
organizations:
• Product support – Includes effective multi-channel
pre-sales support, order management, and technical
product support
• Field service support – Enables field engineers to
maximize the wrench/repair time through support
for activities such as debriefing, field scheduling,
dispatch creation, and tool sourcing
• Parts fulfillment support – Enables the right part to
be moved to the right place by supporting activities
such as back-order follow up and shipment tracking,
and it handles crucial functions, such as parts
planning and forecasting
• Returns management – Enables intelligent screening
and reduction of returns using an analytics-driven
knowledge-management engine and manages the
entire reverse-logistics cycle for returned products in
a cost-effective manner
Consumer electronics manufacturers face the
following key challenges:
Service fulfillment inefficiencies that lead to
cost overruns
Inadequate coordination between customer
services, field services, parts fulfillment, and
reverse logistics functions has resulted in
up to 30% higher costs for servicing. This is
primarily due to the increased manual effort
in integrating customer information across
all touch points for the effective resolution of
customer requests.
High product returns are a drag on
profitability
Product returns account for as much as 8% of
customer sales, while organizations spend an
additional 5–6% of sales on managing returns.
Increasingly liberal return policies in today’s
competitive market further accentuate the
problem. As much as 70% of these returns
can be reported as “no trouble found,” which,
if effectively managed, can reduce costs while
improving customer satisfaction. Recovering
value from the returned products is a vital
process improvement strategy.
Customers expect engagement, not
interaction
A lack of timely and proper resolution, multiple
follow-ups, and limited visibility regarding the
status of service requests result in negative
customer experiences.
Revenue loss on out-of-warranty support
When customers directly approach authorized
service centers (ASCs) for out-of-warranty
Seamlessly integrating customer-facing processes can enable intelligent servicing
across multiple channels of customer interaction, improving not only efficiency but
also impacting customer experience positively.
GENPACT | Solution Overview | 2
1
4
2
3
3. Our Knowledge Management experts would help
redesign the overall process, ensuring integration
with customer and manufacturer preferences for
all leading product families
Analytics
Our extensive industry experience with regard to
enabling clients with knowledge-driven analytical
insight can help organizations not only improve
their day-to-day operations but also provide long-
term business benefits that impact the upstream
and downstream processes.
• Predictive analytics, which are focused on failure
forecasting and inventory requirements, allow for
more effective resource planning
• Analytics on cross sell/upsell opportunities and
out-of-warranty service requests can generate
additional revenues
• Analyticalmodelling, driven by our knowledge
management(KM) engine and supported by
multiple data sources, such as CRM and ERP, ensures
improved and intelligent customer interactions
• Return propensity analytics, which is based
on the various reasons why customers return
products, reduce the number of sales returns
• Contact center operational analytics, which
focus on customer behavior patterns and emotion
detection, are combined with social media
analytics to enhance the customer experience
Technology
The focused use of technology integrates
information and processes across the various
ecosystem touch points and provides real-time
visibility for events and transactions, which in turn
supports informed decision making.
• A well-designed technology landscape, developed
in consultation with niche technology partners,
integrates frontend customer contact systems with
backend applications, such as CRM and ERP, to
address specific business requirements
• Harnessing cloud, social media listening, and
mobility-based applications helps to provide
differentiated and cost-effective services
• Easily configurable and seamlessly integrated
web-enabled technology platforms allow for
knowledge management
• A robust contact-center technology infrastructure
provides seamless routing, prioritization, and
triaging to optimize costs while providing a world-
class customer experience
4
1 2
3
Product
Support
Returns
Management
Genpact
Service
Support
Parts
Fulfillment
Support
Field Service
Support
“Analytics Driven”
Knowledge Management
Decouple
Consolidate &
Centralize
Integrated Technology Platform
Enables field engineers to maximize
the wrench/repair time through
support for activities such as
debriefing, field scheduling,
dispatch creation, and tool sourcing
Includes effective multi-channel
pre-sales support, order
management, warranty support
and technical product support
Analytics driven
knowledge-management engine
manages the entire
reverse-logistics cycle for returned
products in a cost-effective manner
Enables the right part to be moved
to the right place by supporting
activities such as back-order follow
up and shipment tracking and it
handles crucial functions, such as
parts planning and forecasting
Driving faster issue resolution by integrating customer contact with field and
parts support, and returns management
Service support: Key solution components
GENPACT | Solution Overview | 3
4. Our integrated approach enables customers to
realize the following results in quantifiable metrics:
• Improve customer satisfaction (5–15%) and first-
time resolution (25–30%) by
–– driving end-to-end customer satisfaction through
customer service and field/service center
–– ensuring on-time service fulfillment
–– improving turn-around time (TAT) for return
• Enhance out-of-warranty revenue (up to 50%) by
–– enabling out-of-warranty revenue expansion
through visibility enhancement
–– improving returns remarketing and e-auction
administration
• Improve service profitability (10–15%) and lower
the cost of returns (15–20%) by
–– empowering field service teams with parts-
required information to reduce field visits
–– improving visibility on parts to increase
inventory turns
–– building remote diagnostics and a stronger
knowledge base to reduce returns
–– reducing the costs of managing returns
–– enhancing self-service by introducing self-
help portals
Why Genpact?
We have extensive expertise in customer support
services and aftermarket services (AMS) and a
history of servicing blue-chip clients across the
entire value chain, including covering customer
and field service, parts management, contract
management, returns, and warranties.
We have expertise in applying intelligent insight,
using analytics to make technology smarter, and
we know how to redesign processes to better
leverage technology.
Our proprietary assessment framework enables us
to deliver a customized solution tailored to exceed
your organization’s end goals and expectations.
Contact us to discover what we can offer in the
service support domain for your organization.
GENPACT | Solution Overview | 4
• Reduced back orders and delivered $9 million
in savings
• Improving field engineer productivity reduced
the field capacity by 21%
• A 44% reduction in the field inventory
released $28 million in working capital
Enhanced field-engineer capacity and
improved parts management
Utilized an analytics-based six-sigma approach
to increase customer satisfaction by 8%,
which contributed to a $15 million increase in
revenues
Enhanced customer satisfaction
Deployed lean recovery frameworks to achieve a
47% reduction in the parts return cycle, leading to
a savings of $2.5 million, while increasing recovery
by 122% in one year, which amounted to $122
million in cash
Improved supplier warranty recovery
and return