03:02 PM

Penske Logistics Inks Deal With SynQuest

The subsidiary of Penske Truck Leasing has licensed several SynQuest supply-chain tools.

Penske Logistics, expecting to rev up the IT infrastructure used to manage its customers' supply-chain and logistics operations, has inked a $1.5 million contract with supply-chain planning software vendor SynQuest Inc.

Vince Harnett, Penske Logistics president, says the new software will help his company, a subsidiary of Penske Truck Leasing Inc. in Reading, Pa., move forward in its quest to do more for its customers than manage their trucks. Penske is one of a handful of third-party logistics providers positioning itself as a company that can manage a customer's entire logistics and supply-chain operation.

Penske has licensed SynQuest's Supply Chain Design, a financial and operational optimization tool; Inbound Planning, a cost-optimization tool; and Tactical Planning Engine, a suite of analytics that helps identify money-making and money-losing products and operations. The software deployment date was not disclosed.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
Increasing IT Agility and Speed To Drive Business Growth
Learn about the steps you'll need to take to transform your IT operation and culture into an agile organization that supports business-driving initiatives.
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.