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Siemens acquires Supplyframe for a ‘digital transformation’

June 17, 2021

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The acquisition is part of Siemens’ digital transformation said AJ Incorvaia, senior vice president, Siemens Digital Industries Software, Electronic Board Systems , putting Supplyframe as the nucleus for the company’s digital marketplace strategy to provide market intelligence and data to gain insight into interest and activity analysing online research and design behaviour and connect manufacturers, distributors and customers based on real-time data and AI. The platform updates manufacturers on new product introudctions and sourcing and delivers active intelligence, buyer access, configuration, pricing and quoting data to suppliers and distributors and provide commodity intelligence reports to supply chain professionals to assess market dynamics, prices, lead times, demand and design trends, to secure optimal pricing and sourcing.

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