EAM Software Benchmark: Materials And Inventory Management

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Executive Summary

This report provides operations and maintenance executives with an analysis of the materials and inventory management software capabilities of 14 enterprise asset management (EAM) software providers. The report leverages the Verdantix Green Quadrant analysis on EAM software published in May 2022 and deepens the analysis of specific materials and inventory management functionality (see Verdantix Green Quadrant: Enterprise Asset Management Software 2022). Hexagon and Accruent lead the market for materials and inventory management. With the majority of vendors offering robust capabilities for materials and inventory management, buyers should select vendors based on the spare parts forecasting functionality of their solution, integration with Industrial Internet of Things (IIoT) platforms and environmental, social, governance (ESG) and sustainability data capture capabilities. 

Table of contents

EAM Software Benchmark: Materials And Inventory Management 
EAM Software Is A Mature But Growing Market
Assessment Criteria For Materials And Inventory Management
Strong Capabilities For Materials And Inventory Management Offered Only By A Selection Of Vendors
Customers Of Materials And Inventory Management Software Need Parts Forecasting And Location Tracking

Table of figures

Figure 1. Capability Scores For Materials And Inventory Management Functionality 
Figure 2. Total Capability Scores For Materials And Inventory Management Functionality 

About the authors

Joe Lamming

Industry Analyst
Joe is an Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda covers industrial DataOps, AI/ML analytics and applications of generative AI for industry and enterprise. Prior to joining Verdantix, Joe worked in the consumer electronics industry, where he gained experience in overseas manufacturing, product design and data science. Joe holds an MEng in Mechanical Engineering and Sustainable Energy Systems from the University of Southampton.

Malavika Tohani

Research Director, Operational Excellence
Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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