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CombineNet Introduces Next-Generation E-Auctions featuring Bid Optimization in its CombineNet ASAP® E-Sourcing Software

Latest software release gives companies best-in-class capabilities to increase spend under management within same sourcing platform

PR Newswire

PITTSBURGH, May 14, 2012

PITTSBURGH , May 14, 2012 /PRNewswire/ — CombineNet, Inc., the leading provider of best-in-class strategic sourcing technology solutions for global supply chains, announced today it has released new capabilities to help procurement and sourcing teams address enterprise-wide E-Sourcing event needs in a single platform, with the addition of next-generation E-Auctions powered by robust optimization technology.  This new release of CombineNet ASAP® delivers the industry's first optimization-enabled E-Auctions, which, together with CombineNet's industry-leading Expressive Bidding®, results in the most robust and scalable E-Sourcing application for online sourcing events.

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The cloud-based CombineNet ASAP solution now provides customers with the ability to manage E-Sourcing events for their entire range of addressable spend, from the simple and routine to the largest and most complex of spend categories.  Companies looking for a single platform to support both E-Auctions and sealed-bid RFPs, as well as a combination of sourcing event types, can now benefit from the ease of use and advanced configurability of CombineNet ASAP.  When coupled with CombineNet's Spend Analysis and Contract Management applications, CombineNet ASAP gives the procurement organization a breadth of best-of-breed technologies to support the entire sourcing lifecycle.

“CombineNet ASAP provides sourcing professionals with unprecedented benefits in terms of options, flexibility and usability,” said Rich Wilson , CEO of CombineNet. “Our customers have asked us to bring together the benefits of our Expressive Bidding and optimized bid analysis with the real-time competitiveness of E-Auctions, and the time is right today to deliver on that call to action. This latest release builds upon ASAP's leading analytic capabilities- resulting in more realistic, highly implementable final awards and greater coverage of spend managed.”

CombineNet ASAP is used by Global 2000 companies to source everything from office supplies to transportation and complex services.  With the latest release of CombineNet ASAP, users may choose from multiple event types when creating a new sourcing event: Request for Information (RFI); Sealed-bid Request for Proposal/Tender (RFP); or Reverse E-Auction, with options for Standard, Japanese and Dutch Reverse Auctions. No specialized training is required to use CombineNet's E-Auctions and its optimization capabilities, because the wizard-driven simple interface walks users easily through all the necessary steps.

Additional features of this new E-Sourcing software release also include the following:

  • Supplier-Item Visibility: enables users to limit a supplier's visibility to specific items within a sourcing event, providing buyers with greater flexibility to control how suppliers participate in CombineNet sourcing events.
  • Event Reset: provides the ability to reset an event back to its original state, as if the first bid round had not started. This feature will greatly simplify the event creation-through-launch process.
  • More Features for Microsoft Excel Integration: enables rapid upload processing of Excel-based bid sheets to streamline supplier bidding.

For more information about the CombineNet ASAP product for E-Sourcing, including the new E-Auctions capabilities, please visit: http://www.combinenet.com/products/esourcing-product

About CombineNet

CombineNet, Inc. delivers award-winning best-in-class E-Sourcing software solutions through its products CombineNet ASAP® for advanced E-Sourcing, CombineNet Spend Analysis, and CombineNet Contract Management. Using these Software-as-a-Service (SaaS)-based sourcing products, CombineNet customers can rapidly adopt proven solutions for increasing spend under management and improving enterprise spend insights. Now in its twelfth year in business, CombineNet is known for its track record in driving significant bottom-line and productivity savings for its clientele which includes: Procter & Gamble, General Mills, Sears, Johnson & Johnson, A.P. Moller-Maersk, Bayer, Coca-Cola, PepsiCo, Reckitt Benckiser, AstraZeneca, and many more Global 2000 firms.

www.combinenet.com

SOURCE CombineNet, Inc.

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