That's five years from now. And the suppliers will need information on customer orders. Everyone in the automobile supply chain makes a little extra. This is only one industry. The combination of an obvious inefficiency that can be eliminated and a chance to make big deals with lots of zeros sets the agenda for Ray Lane.
Companies waste so much money, almost as much as government, just because they are afraid of change.
The same processes stay in place, and expense that can be avoided and returned to shareholders or taxpayers gets wasted. The Internet can change all that, allowing on-line ordering, purchasing, and supply chain management. The potential savings across all industries is in the trillions. That not only translates into big savings for companies, but big wealth creation for the companies that can offer the solutions that make it happen. After redesigning Oracle, Lane is redesigning his own life.