Triumphs & Trip Ups In 2004By Baselinemag | Posted 2004-12-20 Print
Here's a look at the winning and losing technology projects of 2004. Toyota, Ameritrade and Wal-Mart are among the winners. Losers: Wal-Mart suppliers, Wells Fargo and Ford.
$220 Million"> $220 million:
Estimated sum Ford lost on installing an electronic purchasing system.
When Ford Motor Co. launched a procurement system dubbed Everest in 2000, the game plan was simple: exchange information on orders, accounts receivable and inventory status with suppliers electronically.
The system, based on Oracle 11i e-commerce software, was announced in 1999-and dismantled in August 2004.
"We evaluated it and decided to transition back to our current legacy systems," says Paul Wood, Ford's manager for global purchasing and information-technology public affairs.
AMR Research's Mixer estimates the auto giant spent about $220 million over four years on Everest, and pulled the plug when it realized more heavy investment was needed. The big issue: Ford's suppliers were already tied to the automaker's systems via electronic data interchange applications and didn't see a benefit in changing to Everest.
Mel Duvall and John McCormick contributed to this report.
IT Solutions Builder TOP IT RESOURCES TO MOVE YOUR BUSINESS FORWARD
Which topic are you interested in?
What is your company size?
What is your job title?
What is your job function?
Searching our resource database to find your matches...