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
Managing Global Transportation: How NVOCCs can operate more profitably
Global transportation isn’t getting any easier to manage. With new rules and regulations to learn, new compliance requirements to adhere to, and new customers and business partners to onboard, navigating the complexities of the global market can be difficult for any company. To fully leverage their global supply chains, firms need a robust, global transportation management system that helps them navigate this ever-changing environment.
Download Today!
From the July 2016 Issue
While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.
2016 State of Logistics: Third-party logistics
2016 State of Logistics: Ocean freight
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....

Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...
Port of Oakland launches smart phone apps for harbor truckers
Innovation uses Bluetooth, GPS to measure how long drivers wait for cargo