For Third Consecutive Year, CombineNet, Inc. Selected as Top 100 Solution for Food Industry Supply Chains

PITTSBURGH, Jan. 11, 2012 /PRNewswire/ -- For the third straight year, CombineNet, Inc., the leading provider of best-in-class e-sourcing technology, has been recognized by Food Logistics magazine as a Top 100 Technology and Solution 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. The highly coveted FL 100 list provides valuable information regarding technology vendors who focus on the needs of the entire supply chain.

"The globalization of food supply chains demands closer collaboration with suppliers and enhanced visibility from farm to fork," notes Lara L. Sowinski, editor-in-chief at Food Logistics. "Technology is a powerful tool that can ensure compliance, mitigate risk, and serve as a market differentiator in today's highly competitive environment."

CombineNet's ASAP® product is a software-as-a-service (SaaS) e-sourcing solution that delivers significant improvements for manufacturers and retailers in the Food & Beverage, CPG, and Durable Goods industries, along with other industries. CombineNet ASAP helps its customers implement the following sourcing strategies:

• Addressing current commodity price volatility by controlling costs that go into the supply chain including manufacturing costs, transportation costs, even labor costs.
• Working more collaboratively to encourage suppliers to innovate and drive efficiency into the supply chain.
• Consolidating spend across multiple manufacturing locations, geographies or business units and evaluating local sourcing decisions in the context of enterprise-wide supplier contracts.

"The ongoing price fluctuations of grain, corn, proteins, and even fuel, make it imperative for food supply chain professionals to search for new ways to secure their profit margins without resorting to price increases for the customer," said Rich Wilson, CombineNet President and Chief Operating Officer. "CombineNet ASAP helps these organizations by enabling them to conduct sourcing events that go beyond the traditional price per item approach to sourcing strategies."

By using Expressive Bidding®, a key component of CombineNet ASAP, buyers can engage their suppliers in a more open, creative and innovative sourcing activity where suppliers can play to their strengths and innovations to drive efficiency and cost reductions for their customers (the food manufacturers' buyers). 

The final FL100 recipients were featured in the November/December 2011 issue of Food Logistics, as well as online at www.foodlogistics.com.

About CombineNet

CombineNet, Inc. delivers award-winning best-in-class e-sourcing software through its product CombineNet ASAP®. As a Software-as-a-Service (SaaS)-based sourcing solution, CombineNet ASAP allows customers to speed, simplify, optimize and centralize the sourcing of any and all spend categories from global suppliers: direct and indirect materials, all modes of transportation and services. In its 11 years in business, CombineNet has a proven track record of driving significant bottom-line and productivity savings for its clientele. www.combinenet.com.

SOURCE CombineNet, Inc.