Latest news with #LawrenceSmith
Yahoo
26-05-2025
- Business
- Yahoo
Trimble Unveils New Software to Enhance Construction Material Cost Control
On Thursday, US technology company Trimble Inc. (NASDAQ:TRMB) launched its new software solution called Trimble Materials. This end-to-end purchasing, inventory, and accounts payable solution is designed to enhance contractors' control over material costs. Trimble Inc.'s (NASDAQ:TRMB) vice-president and general manager of construction management solutions, Lawrence Smith, stated that Trimble Materials offers a cohesive solution by connecting material ordering, inventory, and accounting, which is particularly valuable given potential changes in tariff policy. Trimble Materials integrates seamlessly with Trimble's existing ERP solutions, which include Viewpoint Spectrum and Viewpoint Vista. A worker at a remote location using Automated Application Technology with their tablet and scanner. With Trimble Materials, field users can search for & request materials, view inventory, record received materials, and communicate effectively with the office. For office users, the software solution enables more efficient control, approval, & processing of orders, among other uses. Trimble Materials will be showcased at this year's Construction Financial Management Association National Conference and will be available as part of the Trimble Construction One software suite for North American contractors. While we acknowledge the potential of TRMB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRMB and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-05-2025
- Business
- Yahoo
Trimble Unveils New Software to Enhance Construction Material Cost Control
On Thursday, US technology company Trimble Inc. (NASDAQ:TRMB) launched its new software solution called Trimble Materials. This end-to-end purchasing, inventory, and accounts payable solution is designed to enhance contractors' control over material costs. Trimble Inc.'s (NASDAQ:TRMB) vice-president and general manager of construction management solutions, Lawrence Smith, stated that Trimble Materials offers a cohesive solution by connecting material ordering, inventory, and accounting, which is particularly valuable given potential changes in tariff policy. Trimble Materials integrates seamlessly with Trimble's existing ERP solutions, which include Viewpoint Spectrum and Viewpoint Vista. A worker at a remote location using Automated Application Technology with their tablet and scanner. With Trimble Materials, field users can search for & request materials, view inventory, record received materials, and communicate effectively with the office. For office users, the software solution enables more efficient control, approval, & processing of orders, among other uses. Trimble Materials will be showcased at this year's Construction Financial Management Association National Conference and will be available as part of the Trimble Construction One software suite for North American contractors. While we acknowledge the potential of TRMB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRMB and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Trimble launches new software solution to enhance construction cost control
US technology company Trimble has launched its new software solution, Trimble Materials, aimed at enhancing contractors' control over material costs through improved budgeting and inventory tracking. This end-to-end purchasing, inventory, and accounts payable solution is designed to centralise and streamline the entire purchasing and materials management process for contractors. Trimble vice-president and general manager of construction management solutions Lawrence Smith said: "Managing numerous material orders from various suppliers amidst volatile pricing and availability presents significant challenges in the construction sector. "Trimble Materials offers a cohesive solution by connecting material ordering, inventory and accounting, which is especially valuable in the face of potential changes in tariff policy. This digital streamlining empowers contractors to mitigate risks, control costs and gain a competitive edge in an evolving economic landscape." Trimble Materials integrates with Trimble enterprise resource planning solutions, including Viewpoint Spectrum and Viewpoint Vista, to provide connectivity for contractors to develop more efficient estimating, operations, and accounting management ecosystems. The solution complements Trimble's existing construction supply chain workflows, which automate the exchange of material pricing between suppliers and contractors and facilitate ordering from preferred suppliers. With the introduction of Trimble Materials, field users can search for and request materials, view inventory, record received materials, and communicate with the office, the company states. For office users such as project managers and purchasing teams, the software solution enables more efficient control, approval, and processing of orders, inventory visibility, request for quotation generation, quote comparison, and invoice reconciliation. The solution is stated to provide a comprehensive view of purchasing activities and spend analysis in one place. Trimble Materials will be showcased at this year's Construction Financial Management Association National Conference, and will be available as part of the Trimble Construction One software suite for North American contractors. Last month, Trimble introduced a suite of new application programming interfaces for its cloud-hosted estimating software, Accubid Anywhere. "Trimble launches new software solution to enhance construction cost control" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-05-2025
- Business
- Yahoo
Trimble Introduces Trimble Materials to Enable Construction Material Procurement and Management
Expands Trimble Construction One Software Suite to Provide an End-to-End Purchasing, Inventory and Accounts Payable Software Solution WESTMINSTER, Colo., May 20, 2025 /PRNewswire/ -- Trimble® (Nasdaq: TRMB) announced today the launch of Trimble Materials, an end-to-end purchasing, inventory and accounts payable software solution. It is designed to help contractors gain control over material costs with enhanced budget and inventory tracking. Through its office and mobile applications, the solution connects the office, field teams, warehouse teams and suppliers to centralize and streamline the contractor's entire purchasing and materials management process. "Managing numerous material orders from various suppliers amidst volatile pricing and availability presents significant challenges in the construction sector," stated Lawrence Smith, vice president and general manager of construction management solutions at Trimble. "Trimble Materials offers a cohesive solution by connecting material ordering, inventory and accounting, which is especially valuable in the face of potential changes in tariff policy. This digital streamlining empowers contractors to mitigate risks, control costs and gain a competitive edge in an evolving economic landscape." Connected Construction Ecosystem Trimble Materials integrates with Trimble ERP solutions, including Viewpoint® Spectrum® and Viewpoint VistaTM to provide connectivity for contractors to develop more efficient estimating, operations and accounting management ecosystems. Trimble Materials complements Trimble's existing construction supply chain workflows that automate the exchange of material pricing between suppliers and contractors and facilitate ordering from preferred suppliers. With Trimble Materials, field users can easily search for and request materials, view inventory, record received materials and communicate with the office. Office users, such as project managers and purchasing teams, can more efficiently control, approve and process orders, view inventory, generate RFQs, compare quotes and reconcile invoices. A comprehensive view of these purchasing activities and spend analysis is created in one place. Availability Trimble Materials will be showcased at the CFMA National Conference, May 17-21, 2025. It will be available as part of the Trimble Construction One software suite for North American contractors. More information can be found at: About TrimbleTrimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: GTRMB View original content to download multimedia: SOURCE Trimble Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Trimble unveils new APIs for cloud-hosted estimating software
US-based technology company Trimble has introduced a suite of new application programming interfaces (APIs) for its cloud-hosted estimating software, Accubid Anywhere. These APIs are designed to streamline the collection, analysis, and sharing of data for electrical contractors, thereby improving estimating processes and collaboration throughout the construction life cycle. A suite of five Accubid Anywhere APIs offers a toolkit for estimators to integrate bid data into dashboards for enhanced analysis and reporting. The Project API provides detailed project lists while the Estimate API captures all estimate information for extraction into the users' enterprise resource platforms (ERPs). The Final Price API compares initial estimates with final project costs, the Extension API sends a bill of materials to other software, and the Bid Breakdown API facilitates detailed data retrieval and analysis. This automated API connectivity extends from estimating to other related systems such as ERPs, project management, and construction resource management, eliminating the need for manual data transfer. This integration allows for more collaboration and workflow management across various construction processes. Accubid Anywhere is claimed to offer robust estimating features, including integrated graphical takeoff, change order management, pricing, submittal management, and more. The APIs are currently available to North American customers who have an active Accubid Anywhere subscription. Trimble construction management systems vice-president Lawrence Smith said: "Estimates generate a high volume of valuable data that should be analysed and used in other workflows, but this data often gets trapped in the estimating system. "Using APIs to extract and connect data automatically to other systems means contractors don't have to import, export or manually retype the information. This improves efficiency and decision-making on both the project and operational level." In October 2024, Caterpillar and Trimble announced the continuation of their joint venture, which focuses on improving grade control technologies within the construction industry. "Trimble unveils new APIs for cloud-hosted estimating software" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
