CIMdata and Siemens DISW Conducting Bill of Materials Market Research
CIMdata, a global leader in PLM education, research & strategic management consulting, is conducting a market research survey on Multi-domain Engineering & Enterprise Bill of Materials (BOM) technology and business practices. This research will assess the current and future state of BOM markets, including their business value and impacts.
Industry leaders and innovators are adopting Multi-domain EBOM practices, to varying degrees and with varying levels of success. However, hesitancy does exist with the adoption of BOM solutions. CIMdata has observed that market confusion, uncertainty, and ambiguity as to the scope and functionality of the technology are all contributing factors. Uncertainty also exists around comparing the claims of a various solution providers. There are substantial differences in terminology, solution approaches, strategies, obstacles, best practices, and benefits. This often contributes to resistance among industrial companies.
This market research is funded in part by Siemens Digital Industries Software. It will evaluate the current state of the EBOM market, business impacts, drivers, and constraints. Ultimately, the research aims to gain insights into Enterprise BOM usage, pain points, market potential, and outlook of enterprise bill of materials solutions.
“For digital transformation initiatives to succeed, product and process information must play critical roles. For product-oriented companies, this must include a multi-domain BOM and digital thread strategy at the initiative’s core.
Fortunately, PLM solution providers, like Siemens, have embraced the promise of the digital enterprise, developing integrated multi-domain BOM solutions that manage the challenges of complex product lifecycle management, as well as providing capabilities that can be used to unlock new opportunities that drive process efficiency and innovation”Peter Bilello,
President & CEO, CIMdata
Results of this market research survey will be published soon. In the meantime, you can learn more about multi-domain BOM management by checking out this blog by Chad Jackson of the industry analyst firm Lifecycle Insights.