informa
/
1 MIN READ
News

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.

Editor's Choice
Brian T. Horowitz, Contributing Reporter
Samuel Greengard, Contributing Reporter
Nathan Eddy, Freelance Writer
Brandon Taylor, Digital Editorial Program Manager
Jessica Davis, Senior Editor
Cynthia Harvey, Freelance Journalist, InformationWeek
Sara Peters, Editor-in-Chief, InformationWeek / Network Computing