Sourcing Template Software enables buyers to manage bidding events.
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Press Release Summary:
Using RFxpress Sourcing Solution, buyers can leverage Expressive Bidding and optimized scenario analysis power of Advanced Sourcing Application Platform (ASAP) across any spend category. Coupled with self-service event management capabilities within ASAP, RFxpress provides 6-step wizard to create sourcing templates that enable buyers to manage bidding events and conduct what-if scenario analysis using sourcing optimization technologies.
Original Press 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, Sept. 14 /-- 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 is the advanced sourcing technology company. The company's optimization-driven solutions deliver the absolute best total cost of goods and services based on the buying organization's unique business needs. Easy to use advanced sourcing solutions significantly increase the speed and efficiency of the sourcing cycle for a wide variety of spend categories unaddressed by standard e-sourcing technologies. CombineNet has delivered more than $5 Billion in bottom line savings for the largest businesses in the world including General Mills, PepsiCo, Procter & Gamble, Siemens and others. For more information, visit www.combinenet.com.
