CombineNet Congratulates the United States Postal Service Supply Management Organization for their Prestigious Award at ISM's Annual Conference

USPS Receives the R. Gene Richter Award for Leadership and Innovation in Supply Management

PITTSBURGH, PA — May 12, 2009

CombineNet extends heartfelt congratulations to the U.S. Postal Service's supply management organization for its recognition in the field of supply management technology by the Institute for Supply Management. The U.S. Postal Service has been awarded the ISM R. Gene Richter Award for Leadership and Innovation in Supply Management for its use of optimization technologies to drive better sourcing decisions and significant cost savings across the organization. The U.S. Postal Service team accepted the award at a special luncheon during the ISM Annual Conference in Charlotte, NC, last week.

"We are extremely proud of the entire supply management team at the Postal Service for their recognition by such a large and respected organization as ISM. We congratulate the entire Postal Service team for their innovation and leadership, and for the impressive results that they have created through strategic supply management," said Tony Bonidy, President and CEO of CombineNet.

This is the second award bestowed upon the U.S. Postal Service for their innovative use of sourcing optimization technologies, having been awarded the Global Supply Management Award at the 2007 Aberdeen CPO Summit. Both awards have recognized the significant savings the U.S. Postal Service has achieved through the use of sourcing optimization technologies to provide flexibility to suppliers to reduce costs and Optimized Scenario Analysis to understand the cost impact of sourcing decisions and arrive at the optimal balance of cost and value.

The CombineNet Advanced Sourcing Application Platform (ASAP) is a Web-based, Software-as-a-Service (SaaS) technology solution that provides industry-leading optimization technology to solve complex strategic sourcing and supply allocation problems. CombineNet ASAP is changing the way organizations source a wide variety of strategic spend categories by providing the ability to quickly analyze innovative, expressive supplier proposals in the context of their business constraints, goals and preferences.

About CombineNet

CombineNet, Inc. offers supply chain-driven companies proven solutions to advance the capabilities and outcomes of their strategic sourcing efforts. Powered by the award-winning, SaaS-based CombineNet ASAP® advanced e-sourcing platform, procurement teams can more easily tackle larger and complex spend categories, increase their spend under management, and optimize supplier award decisions for their business. CombineNet also offers best-of-breed SaaS products in Spend Analytics and Contract Management, as well as expert e-sourcing services to drive next-generation results for its global clientele, which includes: Procter & Gamble, A.P. Moller-Maersk, Coca-Cola, PepsiCo, Johnson & Johnson, Sears, Wendy’s QSCC, Bayer, Hershey’s, and more.

www.combinenet.com.