YTWO Formative, the world’s first cloud-based, combined 5D BIM and supply chain management enterprise platform provider for building and housing industries, is successfully expanding its supply chain ecosystem. Recently, two of their global clients – one being CG Gruppe, a leading German real-estate developer – have placed orders through YTWO Formative’s expanding material catalog.
The YTWO platform provides the methodology for users to save significant time and money as they tackle complex construction processes. The solution is the result of a partnership between RIB Software and the Sketch-to-Scale solutions provider Flex providing invaluable supply chain management resources and expertise. YTWO Formative is the first global organization to overcome the challenges that come with meeting the aggregated demands of homebuilding communities around the world.
YTWO Formative Business Development Director, Doug Harmon said that this clients’ purchase is setting a revolutionary precedent for the residential construction industry.
“This is the first step in proving homes can be manufactured through lean processes under a single consolidated technology platform providing transparency to all stakeholders. Through mutual trust, client collaboration, agile methods, and cross-industry supply chain expertise, YTWO Formative is addressing client challenges and helping them strengthen their core business practices and competitive advantages.”
YTWO Formative specializes in a Virtual-into-Physical agile process which simulates and optimizes project plans digitally before breaking ground. Homebuilders can efficiently acquire materials from suppliers on YTWO’s BIM-based material catalog for the 5D BIM building design during the virtual planning stage. This offering is extraordinary because the homebuilding industry continues to apply analog methods when building residential communities. These traditional approaches previously created information silos between the homebuilder, the trades, and procurement processes. With this lack of transparency, information cannot flow freely and budget-detrimental inefficiencies persist.
Now, with YTWO’s real-time and optimized stream of information flowing between all residential stakeholders, the homebuilding industry has the potential to build through lean manufacturing processes. YTWO-Demand-Visibility, paired with BIM-based products, aligns material production and delivery with the construction schedule during the virtual planning phase.
Established in 2016, YTWO Formative is a joint venture of RIB, the world’s leading web-based 5D BIM enterprise solution provider, and Flex, the global supply chain management solutions provider. Combining digitalization and industrialization, YTWO Formative offers a fully integrated end-to-end cloud-based 5D BIM enterprise platform to support the building and housing industries worldwide. The digitalized and industrialized working process can generate savings and benefits of up to 30%.
RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With more than 900 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.