CombineNet Enhances E-Sourcing, Procurement Application

CombineNet Inc. has added features to CombineNet ASAP, its application for electronic sourcing and procurement.

The new release includes a streamlined sourcing event-creation process, for applying “Expressive Bidding,” creating tailored analytics and optimizing award decisions on spend. ASAP also adds globalization and localization capabilities through multilingual supplier interfaces, capacity collection across multiple levels to help reduce supply risk, and support for the “big-data” needs of larger-scale sourcing events. A new Event Creation Wizard provides an intuitive workflow with contextual, survey-based guidance throughout the creation of an e-sourcing event. A redesigned event manager enables sourcing teams to better manage events through Web 2.0-type capabilities such as “pin to top,” tagging and tag clouds. Supplier-side globalization and localization allow sourcing teams to draw on higher value, regional or local suppliers in global markets. The tool adds support for global sourcing activities with multiple currency options.