CIMdata, a global leader in PLM education, research & strategic management consulting, has announced an agreement to conduct market research on Multi-domain Engineering & Enterprise Bill of Materials (EBOM) technology and business practices. This research will assess the current and future state of EBOM 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. Hesitancy to adopt BOM solutions is often due to market confusion, uncertainty, and ambiguity as to the scope and functionality of the technology. There are substantial differences in terminology, solution approaches, strategies, obstacles, best practices, and benefits claimed by a plethora of solution providers. 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
We need your participation!
Product Lifecycle Management professionals across all industries are welcome to contribute to this research. A link to an online survey will be made available soon for interested parties to provide their input.
This digital transformation event takes place May 9 – 12 in Las Vegas, Nevada, with select content also available virtually.
Check out the presentation “A successful digital thread manages your EBOM in Teamcenter alongside design”.