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www.honeywell.com |
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In today’s economy, implementing a “virtual” supply-chain system is a vital element
of success. From aerospace and automotive to construction and manufacturing
organizations, companies worldwide are taking advantage of the Internet to create
electronic marketplaces where customers, suppliers, and business partners collaborate
with real-time results.
Honeywell International, one of the world’s most successful and established
manufacturing companies, is reshaping itself in the Internet economy.
Honeywell’s management vowed to increase its use of the Internet to
expand its business. In July 1999, it launched MyPlant.com, a business-to-business
Web site that connects customers and suppliers in the manufacturing
industry. At the site, large and small companies from around the world
share procurement and manufacturing strategies, download software,
and participate in valuable industry discussions. The site has huge
potential for Honeywell since it caters to virtually any industry
that manufactures goods in a factory. |
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When
MyPlant.com was first launched, the site offered only Honeywell software
products. Now 400 software suppliers provide 650 manufacturing applications
on the site for a small transaction fee. In the past, solving a recurring
manufacturing problem could take days or weeks. With MyPlant.com,
users take matters into their own hands in real time. The practice
is revolutionary, saving companies time, money, and risk. Recently,
MyPlant.com hosted 60,000 user sessions, and the company estimates
that one-third of the site’s users are new Honeywell customers.
The advantage of creating a single electronic marketplace is that
everyone emerges a winner. For example, two rival companies that both
build engines, but don’t make the same replacement parts, can ultimately
share resources. Collaborating over the Internet also results in economies
of scale. In the next year, Honeywell plans to implement MyAircraft.com,
a joint venture with United Technologies and I2, to focus on supply-chain
management for the aerospace industry, and MyFacilities.com for the
facilities management industry. Both sites will match customers and
suppliers, providing instant results with improved inventory turns,
corrected purchasing inefficiencies, and reduced overhead. It is exactly
what customers and companies need in today’s fast-paced economy.
Learn more about Cisco |
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