CombineNet Finds that Greater Than 70% of its Customers Use CombineNet
Advanced Sourcing Product to Complement SAP®, Ariba®, Oracle®
PITTSBURGH, June 13, 2012
PITTSBURGH, June 13, 2012 /PRNewswire/ --CombineNet, Inc., the leading
provider of best-in-class online sourcing technology solutions for global
supply chains, today announced that a recent analysis of its customer base
found that greater than seventy percent use the CombineNet ASAP® advanced
sourcing product in the presence of either SAP®, Ariba® or Oracle® sourcing
solutions. The remainder use CombineNet to replace other vendor offerings or
desktop tools, mainly spreadsheets.
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"The most often-cited reason customers select CombineNet is to get more spend
under management through an e-sourcing platform, by supporting larger, more
complex spends or those that can benefit from sourcing optimization," said
Rich Wilson, Chief Executive Officer of CombineNet. "Analysts and other
sourcing surveys repeatedly find that even among industry leaders, only 30 to
35 percent of spend is handled through general sourcing applications.
CombineNet ASAP offers an advanced, rapid-results e-sourcing solution proven
by our Global 2000 customers to improve spend management and deliver
substantial, additional cost savings."
"Since implementing CombineNet ASAP as an advanced sourcing solution, we have
gained capabilities helping us to more than double the amount of spend
e-sourced. With its flexible features such as Expressive Biddingthat drives
e-collaboration with suppliersand its sourcing optimization power for
improved scenario analysis, CombineNet has been a valuable addition to our
global strategic sourcing process," said Jacob Gorm Larsen, Global E-Sourcing
Manager at A.P. Moller-Maersk Group.
CombineNet ASAP delivers robust and flexible e-sourcing functionality and
sourcing optimization power complements offerings from SAP, Ariba and Oracle
without disruption. CombineNet ASAP specifically adds benefits in three main
oEase in Handling Larger-Scale, More Complex Events – CombineNet ASAP
enables rapid, easy launch and management of online sourcing events in
multiple formats (RFIs, RFPs, and next generation E-Auctions), across all
spend types and sizes. On the higher end, e-sourcing events having more
than 1,000 items per event represent 20% of events conducted in CombineNet
oExpressive Bidding® -- A concept introduced in the early 2000's by
CombineNet, the product allows for the collection and analysis of both
price and non-price information from suppliers, increasing the benefits of
buyer-supplier collaboration and savings. Such information may include
capacity, sustainable sourcing practices, packaged or bundled bids,
conditional offers, alternative proposals at the item level, and whatever
else the buyer wishes to collect and assess.
oIndustry-leading Sourcing Optimization – Now with 21 U.S. patents for
optimization methodologies, CombineNet translates that intelligence to
user-friendly features for creating and analyzing any desired number of
"what-if" scenarios to determine optimal supplier award decisions based on
a customer's individual business rules. CombineNet ASAP's optimization
engine is designed for speed, with 94% of sourcing scenarios processed in
less than 10 seconds.
CombineNet ASAP is a cloud-based, software-as-a-service product allowing for
quick training and rollout. Full return on investment is typically realized
following the first e-sourcing event conducted in CombineNet, as found through
recent customer analysis. Further, customers can integrate CombineNet ASAP
more closely with existing procurement suite applications through the use of
data import and export utilities, and the product offers an API framework for
developing automated custom integration with enterprise applications.
CombineNet will present more about its advanced sourcing solution as a
complement to SAP, Ariba and Oracle in a live webcast on Wednesday, June 27,
2012 at 11:00 AM EST. The event will also feature Aberdeen Group and
highlights of their recent strategic sourcing benchmark report, which looks at
advanced sourcing practices.
To attend the June 27 webcast presentation, please register at:
Or visit our website for more solution information at:
SAP® is a registered trademark of SAP AG in Germany and in several other
countries. Ariba® is a registered trademark of Ariba, Inc. Oracle® is a
registered trademark of Oracle.
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.
SOURCE CombineNet, Inc.
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