RFxpress Enables Expanded Use of CombineNet ASAP at Procter & Gamble for Online Bidding and Negotiation Activities

PITTSBURGH, August 3 /PRNewswire/ -- CombineNet announced today that Procter & Gamble, one of the world's largest consumer products companies, is expanding its use of CombineNet's Advanced Sourcing Application Platform (ASAP), including its new easy to use RFxpress Sourcing Solution, for online bidding and request-for-proposal (RFP) sourcing events. A long-time user of CombineNet's advanced sourcing technologies, Procter & Gamble is one of a number of Fortune 100 companies to adopt the self-service RFxpress solution for managing a range of sourcing events.

"Procter & Gamble's selection of CombineNet ASAP for P&G buyers based on their rigorous evaluation provides a great vote of confidence in our business and the validation of our self-service product strategy. We appreciate P&G's support and are encouraged by their strategy to put the power of sourcing optimization in every buyer's hands," said Rich Wilson, CombineNet President and COO.

"CombineNet has been a valued source of technological innovation for many years and is now providing easy-to-use solutions which we believe will have broad application in our sourcing. We look forward to realizing the benefits of using this innovative platform," said Rick Hughes, P&G Vice President Global Purchases.

CombineNet ASAP provides industry-leading advanced sourcing and optimization technologies that help organizations reduce costs while ensuring that sourcing decisions meet enterprise-wide goals for value, quality and service. RFxpress offers buyers a fast and easy way to create online bidding events within the ASAP platform.  With unmatched flexibility for configuring multiple types of supplier, item and bid collection information, and an intuitive capability for designing robust cost models, RFxpress enables every buyer to create online bidding events and RFP's for strategic sourcing activities.  

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, increasing buyer productivity and decision-making power. 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.

SOURCE CombineNet