FOR IMMEDIATE RELEASE
CombineNet And Procter & Gamble Expand Contract
PITTSBURGH, PA—August 5, 2003
CombineNet (www.combinenet.com) today announced
that it has signed a new contract with The Procter & Gamble Company (NYSE:P&G)
to broaden the company's use of CombineNet's patented Decision-Guidance Systems™.
The deal expands an existing agreement, whereby P&G uses CombineNet technology
to manage complex, strategic sourcing information for raw materials, transportation,
and packaging categories.
Over the past six months, P&G used CombineNet's Decision-Guidance Systems to
support a number of complex sourcing projects. As a result of savings and return
on investment achieved, P&G and CombineNet extended the deal to cover more projects
and new categories.
CombineNet's technology has enabled us to better understand total costs in our more
complex spend poolscosts that encompass both price and non-price factors,"
said Carol Rubeo, Director of Purchases Innovation, P&G. "This is a 'win-win'
for both P&G and our suppliers."
According to Tony Bonidy, President of CombineNet,
We are very proud to have one of the premier global companies embrace our technology.
P&G is among those forward-thinking Fortune 1000 companies that are realizing
how Decision-Guidance Systems can deliver unprecedented competitive advantage, and
who are increasingly adopting the technology as a mainstream business solution.
Our technology is helping P&G and other leading global companies capture and
analyze very large, complex price and non-price criteria to determine the direct
impact on the bottom line."
CombineNet's Decision-Guidance Systems helps companies quickly and easily analyze
the enormous volume of information that factors into today's business decision,
so they can not only reduce cost of goods sold and improve their bottom line, but
deliver even greater value to their consumers and shareholders," said Michael
Concordia, vice president of marketing for CombineNet. "Due to the increasingly
complex nature of global markets, CombineNet's Decision-Guidance Systems are rapidly
becoming a must-have tool for business managers in all the world's great companies."
About CombineNet
CombineNet, the advanced sourcing technology company, helps companies achieve the absolute best value and lowest total cost of ownership for goods and services. CombineNet's Advanced Sourcing Application Platform enables companies to engage in Expressive Commerce™, the strategic sourcing initiative that allows buyers and sellers to communicate supply and demand more expressively, collaboratively and strategically. The result is a win-win for both buyer and supplier, where greater innovation and efficiency are driven into the supply chain. CombineNet's ASAP consistently produces 10, 15, even 20 percent greater actual cost savings than other e-sourcing solutions, and has delivered more than 45x ROI for the largest businesses in the world including General Mills, PepsiCo, Procter & Gamble, Siemens and others. For more information, visit www.combinenet.com.
Media Contacts:
Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com