Xometry Integrates Teamspace Collaboration Tool Into Its AI-Powered Marketplace

Rhea-AI Summary

Xometry integrates Teamspace into its AI-powered marketplace, providing real-time project visibility and collaboration for large projects. The software streamlines operations and simplifies workflows, benefiting high-volume customers.

Positive

• Teamspace helps enterprise companies create resilient supply chains and get critical projects to market faster. It simplifies quote and order management and drives data-driven decision-making.

Negative

• None.

• The Integrated Cloud-Based Centralized Project Management Software Provides Real-Time Project Visibility For Large, Mission-Critical Projects
• Seamless And Limitless Collaboration On Quote And Order Management, As Well As Data-Driven Decision-Making
• Built From The Ground Up With Direct Input From High-Volume Customers
  

NORTH BETHESDA, Md., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today integrated Xometry Teamspace into its AI-powered marketplace. The cloud-based centralized project management software provides project managers and supply chain executives with real-time project visibility, seamless and limitless collaboration on large, mission-critical projects.

Previously in beta with major organizations, including a prominent e-commerce company, a global construction equipment manufacturer and a leading federally funded national research organization, Teamspace helps enterprise companies create resilient supply chains and get their critical projects to market faster. The integrated cloud-based software streamlines what was once an unwieldy process, pulling together the right decision-makers, providing a single window into operations and fostering collaboration on important projects, from custom-part orders to high-volume production runs.

“We’ve built Teamspace from the ground-up with direct input from a number of our largest high-volume customers over the last several months, and their response to this new offering has been enthusiastic,” said Brendan Sterne, Chief Product Officer at Xometry. “Their feedback has allowed us to create a powerful tool that helps our customers streamline their operations, simplify workflows and fortify their local supply chains for their most important projects.”

Among its many features, Teamspace dramatically simplifies quote and order management and drives data-driven decision-making. With Teamspace, users can create an unlimited number of seats per team, invite colleagues from outside of their company, check the status of orders in real-time, easily search by purchase order, part number, quoter and more. For more information, please visit https://xometry.com/xometry-enterprise/teamspace/.

Xometry’s two-sided marketplace is playing a vital role in the rapid digital transformation of the manufacturing industry, connecting enterprise buyers with manufacturers who build the big ideas that fuel the global economy. Xometry’s proprietary technology shortens development cycles, drives efficiencies within corporate environments and helps stabilize supply chains to make them more resilient. Xometry’s product portfolio includes its industry leading digital marketplace, popular Thomasnet.com industrial sourcing platform and cloud-based tools, including Workcenter, a manufacturing execution system that helps small and medium manufacturers digitize every aspect of their shop.

About Xometry
Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomasnet industrial sourcing platform and suite of cloud-based services are rapidly digitizing the $2.4 trillion manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to access global manufacturing capacity and create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to quickly and effectively analyze complex parts in real-time, match buyers with the right suppliers globally and provide accurate pricing and lead times. Through its extensible marketplace, Xometry continuously scales its offerings, delivering an ever-expanding menu of manufacturing capabilities. Learn more at www.xometry.com or follow @xometry.

Media Contacts:
Matthew Hutchison
VP, Global Corporate Communications
Matthew.Hutchison@Xometry.com

IllumePR for Xometry
xometry@illumepr.com

Investor Contact:
Shawn Milne
VP, Investor Relations
240-335-8132
Shawn.Milne@Xometry.com

FAQ

What is Teamspace?

Teamspace is a cloud-based centralized project management software that provides real-time project visibility and collaboration for large projects.

Who benefits from Teamspace?

Enterprise companies benefit from Teamspace as it helps them create resilient supply chains and get critical projects to market faster.

What features does Teamspace have?

Teamspace features include simplified quote and order management, real-time order status tracking, and easy search functionality.

What is Xometry's role in the manufacturing industry?

Xometry's two-sided marketplace connects enterprise buyers with manufacturers, driving digital transformation and stabilizing supply chains.

What other tools does Xometry offer?

Xometry offers a digital marketplace, an industrial sourcing platform, and cloud-based tools like Workcenter, a manufacturing execution system.