California, USA, December 8, 2017
YTWO Formative, the world’s first cloud-based, combined 5D BIM and supply chain management enterprise platform provider for the building and housing industries, today announced the conclusion of a milestone deal with one of America’s leading homebuilders, providing families with approximately 30,000 homes annually across the United States. YTWO Formative has now successfully concluded signings with market-leading real estate developers in its three target markets, the US, Germany and China in the first year since its establishment.
YTWO Formative’s new strategic partner is one of the top homebuilders in US with additional business activities in financial services, real estate investment and multifamily rental properties. The partnership with YTWO Formative makes the New York-listed new partner the first company in the US to adopt the YTWO enterprise platform that links 5D BIM technology to smart supply chain management. Through the digitalization and industrialization of the building process, the partner targets to capture up to 30% benefits over the next five years in the construction process. The benefits will be generated through seamless multi-stakeholder collaboration over the cloud-based YTWO platform, improved project execution based on sophisticated virtual project planning, and integrated smart supply chain management.
“Our new partner is the most advanced and innovative homebuilder in the United States. We have found a leading US company that shares our spirit of transformation for the building and housing industries”, says Rebecca Wang, Chief Corporate Business Development Officer of YTWO Formative. “The visions of our new partner and YTWO Formative on transforming the homebuilding industry are perfectly aligned: digitalization and industrialization will lead to unprecedented productivity and efficiency gains in the industry. We are excited to start this partnership, and to implement our 5D BIM technology integrated with the supply chain in the American market, after successful signings in Germany and China.”
YTWO Formative intelligently integrates a smart SCM solution with 5D BIM enterprise technology, allows to optimize the whole supply chain from raw material to just-in-time on-site delivery, greatly helps to reduce the construction costs and avoid construction delays. With YTWO Formative, the home building industry has started the transformation process into a big data business. All the data from design to supply chain management will be captured, stored, analyzed, visualized, and boiled down to actionable essentials, allowing decision makers to gain more insights in construction management, precision marketing and business model innovation.
About YTWO Formative
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%.