The word embedded services mean that when the buyer of an enterprise product and the seller of the raw material to the enterprise are in a complementary manner also provides free services or products because of their transactional relationship between the customer and the organization. In this case, the organization directly does not pay fees for their product or services to their suppliers of input or their buyers. The enterprise or the organization definitely pays for the products or services but they do so in an indirect manner such as while paying for the higher cost of inputs or charge less price from the buyers.
The provisions for high-quality embedded services are effective for the linkages which are effective. The leading organizations or firms provide a wide range of these embedded services to the suppliers and the buyers and also ensures the quality of the product and services. The embedded services are of paramount importance and are considered as a mandatory and necessary cost for doing business. They are often termed as an integral part of any organization and business transactions.
What makes embedded services so useful?
Nowadays, embedded design of the products in their field requires talented individuals, expensive tools and techniques, modern types of equipment, various support services such as many engineering design or industrial designs, along with various certifications from the regulatory bodies. These embedded services are useful because they offer a lot of benefits such as:
- It is very simple to deliver high creativity
- It does not charge much for every bit of result. Hence, it is cost-effective also.
- It is not connected to too much software
- It provides greater speed and is steadily better than anyone else.
- It does not much inclined to reprise mistakes and has no UI and has lesser repetitions.
A Service provider of the market products and the services embed in itself a range of various additional and extra services with their customers in the value chain. One example of it is in agriculture, where the providers of the input provide technical advice to their customers that what best method they should apply for the use of their seeds and fertilizers, what tools and techniques they should adopt for their agriculture. An embedded service in some ways represents the various stages of development, after this these services participate in the value chain and are provided in the supporting market by the businesses and the organizations.
The development stage is divided into two stages.
- In the first stage, the value chain got to know about the opportunity in the market and provides an embedded product or service on the basis of fee in comparison to the other value chain. An example of this case is that an employee working in a leading craft producer is responsible for procuring drums made up of metal as raw materials to the independent contractors. This will be for him recognized as an opportunity to start his own occupation as a supplier of drums.
- In the second stage or case, the actor of the value chain can contract or do some arrangements in supporting the market businesses for providing embedded services on behalf of other recipients of the value chain. These types of arrangements foster the relationship between the actors of the value chain and the supporters of the market businesses.
The happiest mind offers an array or variety of embedded services of various products and designs that are further intended towards converting the idea or transforming it into a complete product. Happiest minds bring a different experience in product designing across many products and have the expertise which will assist in handling products from factor size to multi-level.
