Having marked its presence since late 2020, IBSWare is another initiative by the Construction Industry Development Board (CIDB) to foster greater adoption of IBS among the national construction industry stakeholders. Designed as an end-to-end platform connecting manufacturers with potential customers and contractors with material suppliers, IBSWare is a virtual warehouse offering a single solution throughout the industry supply chain.
Dubbed as Malaysia's 1st construction virtual marketplace platform where buying andselling of supplies and services offered and procured, IBSWare also serves the role as a gateway for community networking. For construction industry professional, this virtual platform can serve as an avenue to embark on the journey in maximizing the Internet of Things (IOT), thus keeping them competitive in this era of Industry 4.0. Positioned as a holistic marketplace, IBSWare is also a networking stage for industry professionals to build better industry relations.
Aimed to revolutionize the conventional cycle of construction project procurementand sourcing, IBSWare offers various convenience to the industry stakeholders in managing their projects, and almost all sourcing for construction materials andservices required can be initiated through the platform. As vendors listed in the platform are verified and continuously assessed by CIDB, IBSWare also minimizes risk of fraud and other misconduct by vendors.
Although IBSWare is still in its early stage, robust growth recorded in 2021 for e-commerce market and with various initiatives by the government to boos e-commerce sales, IBSWare is envisioned to be an integral element within the national construction industry. Moving forward, this virtual marketplace would be an indispensable part in IBS construction deals, where stakeholders engage each otherin online transactions across the supply chain, from all ends.
The centralized directory feature of the platform for local IBS community also means that manufactures, contractors, developers and installers can connect among themselves even more efficiently.
CIDB and its subsidiary CIDB IBS are progressively improving the ecosystem surrounding IBSWare as one of the measures to translate the potential of IOT within the national construction industry, and to cultivate competitiveness among the industry stakeholders in this era of Industry 4.0. Accompanied by other existing infrastructures such as IBS Portal, IBS Proficiency Programme, Real-time Geographic Information Systems (GIS) and IBS Centre, IBSWare sets to stand as another milestone for the ever present efforts by CIDB in propagating the adoption of IBS within thenational construction industry.
Amidst the global turbulences of endemic and geopolitical uncertainties, the need to remain relevant and staying ahead in the game is a crucial consideration for all parties. To learn more on how IBSWare may be a tool to accelerate your ventures, visit https://ibsware.com.my/ today.