FOR IMMEDIATE RELEASE
CombineNet Introduces RFxpress; Delivers Self-Service Advanced Sourcing & Optimization
across the Enterprise
Enables Any Buyer to Create Optimized Sourcing Events in Six Easy Steps
PITTSBURGH, PA — September 14, 2009
CombineNet introduced today a revolutionary self-service solution, called the RFxpress
Sourcing Solution, that for the first time enables any buyer to leverage the Expressive
Bidding® and optimized scenario analysis power of its Advanced Sourcing Application
Platform (ASAP) across any spend category. Coupled with new self-service event management
capabilities within ASAP, RFxpress provides a simple six-step wizard to create sourcing
templates that enable buyers to manage bidding events and conduct "what if?" scenario
analysis using CombineNet’s sourcing optimization technologies.
The all-new ASAP includes RFxpress and an expanding library of CombineNet-configured
best-practice Category Sourcing Solutions, and is delivered as a software-as-a-service
(SaaS) solution. ASAP improves buyer productivity and efficiency, increases spend
under management, promotes the adoption of more advanced sourcing strategies, and
enables better decision making in strategic sourcing.
Our customers have asked us to help them use our technology more easily, more often,
and across more of their spend, to reach a greater level of sourcing excellence.
They have worked with us to develop a product strategy that drives advanced sourcing
and optimization technologies across the enterprise, fills the flexibility and analysis
gaps left by their e-sourcing platforms, and addresses the spends their buyers are
managing with spreadsheets and email," said Tony Bonidy, CombineNet President and
CEO.
By adopting more advanced tools, a greater understanding of supplier economics,
better capacity management, and complete optimization analysis, sourcing teams are
heading towards sourcing strategy excellence across their organizations," said Mickey
North Rizza, Research Director at AMR Research.
This new release of ASAP enables companies to drive these capabilities across a
larger portion of their spend, capturing new savings opportunities and efficiencies
in spend categories that are often sourced using spreadsheets, emails, and less
flexible e-sourcing solutions. Buyers that adopt CombineNet’s new solutions will
not only experience greater savings and supplier innovation, but will also improve
personal productivity, efficiency and strategic decision making.
The all-new ASAP represents a sea-change for CombineNet, delivering truly self-service
advanced sourcing capabilities for any buyer, any spend category, anywhere in the
world. The power of our industry-leading sourcing optimization technology is no
longer limited to the largest, most complex sourcing events. Now companies can drive
advanced sourcing across the enterprise for transformational results," said Bonidy.
About CombineNet
CombineNet, the advanced sourcing technology company, helps companies achieve the absolute best value and lowest total cost of ownership for goods and services. CombineNet's Advanced Sourcing Application Platform enables companies to engage in Expressive Commerce™, the strategic sourcing initiative that allows buyers and sellers to communicate supply and demand more expressively, collaboratively and strategically. The result is a win-win for both buyer and supplier, where greater innovation and efficiency are driven into the supply chain. CombineNet's ASAP consistently produces 10, 15, even 20 percent greater actual cost savings than other e-sourcing solutions, and has delivered more than 45x ROI for the largest businesses in the world including General Mills, PepsiCo, Procter & Gamble, Siemens and others. For more information, visit www.combinenet.com.
Media Contacts:
Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com