Y2K RIPPLE EFFECT
Call it the Y2K ripple effect. As companies become more reliant on EDI (electronic data interchange), electronic commerce and other electronic transactions for dealing with key partners and suppliers, they're increasingly at risk if those partners botch their own Y2K projects. At best, companies such as Visa could find themselves dealing with transactions and data files containing corrupted date fields. At worst, they could find critical suppliers and partners shut down, unable to take orders, ship products or process transactions.
Consequently many IT managers are casting a critical eye on the supply chain, examining their business partners' Y2K efforts. While many companies, so far, have done little more than mail letters asking partners where their Y2K efforts stand, others are getting more aggressive ....
BankBoston, for example, is ready to let vendors know it will sever a relationship if the supplier puts the bank at risk....
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zdnet.com |
