CombineNet, Inc. Selected as Top 100 Technology Solution and Service Provider by Food Logistics Magazine

PITTSBURGH, Jan. 25, 2011 /PRNewswire/ -- For the second straight year, CombineNet, Inc., the advanced sourcing technology company, has been recognized by Food Logistics magazine as a Top 100 Technology Solution and Service Provider.  Each year, the editors of Food Logistics magazine recognize 100 technology solution and service providers that help food, beverage and CPG companies gain a competitive logistical advantage and reach their business goals.

According to Food Logistics, the goal with the FL100 is to highlight a broad range of technology solutions and services that are targeted at the food industry, addressing the needs of companies of varying sizes that make up the food supply chain. "The selection is based on the providers' proven track record and expertise in the industry.  In 2010, the magazine focused its theme on bouncing back through tough economic times with technology," said Kathy Doherty, editor-in-chief, Food Logistics magazine.

CombineNet's product ASAP (Advanced Sourcing Application Platform) is an ideal sourcing technology for manufacturers in the Food & Beverage, CPG, and Durable Goods industries, as the company's ASAP technology can help them implement the following sourcing strategies:

• Consolidating spend across multiple manufacturing locations, geographies or business units, where the impact of sourcing decisions made by multiple stakeholders must be evaluated in the context of enterprise-wide supplier contracts;
• Understanding the elements of a supplier's cost structure, or the cost structure of the supply chain as a whole, in order to make more informed sourcing decisions;
• Encouraging product and service innovation from the supply base to introduce new products, more efficient manufacturing processes, and reducing total supply chain costs.

"Customers of CombineNet ASAP are finding both immediate and longer-term savings they need to compete in these challenging economic times, helping to reduce costs of supply from the sourcing of raw materials through delivery of final product to consumers," commented Rich Wilson, president and COO of CombineNet.  "CombineNet ASAP helps these customers to identify core strategic suppliers, new sources of supply, new product innovation, and more efficient manufacturing and logistics strategies that will drive long-term competitive advantage when the economy turns around."

The final FL100 recipients were featured in the November/December 2010 issue of Food Logistics, as well as online at www.foodlogistics.com.

About CombineNet

CombineNet, Inc. is the advanced sourcing technology company. CombineNet's ASAP product (Advanced Sourcing Application Platform) is an optimization-driven Software as a Service (SaaS) solution that helps customers deliver the absolute best total cost of goods and services based on their unique business needs.  CombineNet ASAP is used to speed, simplify, and centralize the sourcing of any and all spend categories from global suppliers: direct and indirect materials, all modes of transportation, and services. In the past 10 years, CombineNet has delivered more than $6 billion in bottom-line savings for businesses worldwide including General Mills, PepsiCo, Procter & Gamble, Bayer, Sears, Johnson & Johnson, and many more across all industries.  For more information, visit www.combinenet.com.

SOURCE CombineNet, Inc.