Logistics managers being offered enhanced “auction” software

CombineNet, Inc. has released new capabilities to help procurement and sourcing teams address enterprise-wide E-Sourcing event needs in a single platform

By ·

Supply chain mangers seeking to leverage price “compression” in their forecasts are being offered a new product this week.

CombineNet, Inc. has released new capabilities to help procurement and sourcing teams address enterprise-wide E-Sourcing event needs in a single platform. According to spokesmen, the addition of next-generation E-Auctions is powered by robust optimization technology.


“CombineNet ASAP delivers optimization-enabled E-Auctions, which, together with CombineNet’s iExpressive Bidding, results in a scalable E-Sourcing application for online sourcing events,” said Greg Holt, the company’s director of product marketing.

In an interview, he added that supply chain managers should be able to use the new enhancement to locate and measure price points in various trade lanes as ways of containing cost.


“The cloud-based software now provides customers with the ability to manage E-Sourcing events for their entire range of addressable spend, from the simple and routine to the largest and most complex of spend categories,” said Rich Wilson, CEO of CombineNet.

The A.P. Moller - Maersk Group is one of the first major users, added Wilson.

CombineNet ASAP is used by Global 2000 companies to source everything from office supplies to transportation and complex services.  With the latest release of CombineNet ASAP, users may choose from multiple event types when creating a new sourcing event: Request for Information (RFI); Sealed-bid Request for Proposal/Tender (RFP); or Reverse E-Auction, with options for Standard, Japanese and Dutch Reverse Auctions. No specialized training is required to use CombineNet’s E-Auctions.

Additional features of this new E-Sourcing software release also include the following:

• Supplier-Item Visibility: enables users to limit a supplier’s visibility to specific items within a sourcing event, providing buyers with greater flexibility to control how suppliers participate in CombineNet sourcing events.
• Event Reset: provides the ability to reset an event back to its original state, as if the first bid round had not started. This feature will greatly simplify the event creation-through-launch process.
• More Features for Microsoft Excel Integration: enables rapid upload processing of Excel-based bid sheets to streamline supplier bidding.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Global · Software · Technology · All Topics
Latest Whitepaper
SaaS Supply Chain Management Systems
A guide to better understanding the market, the software and the benefits
Download Today!
From the January 2017 Issue
Following LM tradition, we start off the New Year with our annual “Rate Outlook” cover story and subsequent Webcast
Moore on Pricing: The other TMS functional options
2017 Rate Outlook: Where are freight transportation rates headed?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Rate Outlook: Where are freight transportation rates headed?
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...

Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....