FOR IMMEDIATE RELEASE
CombineNet, MindFlow Form Strategic Alliance to Deliver Leading Sourcing and Inbound
Supply Chain Analytic Solutions to Global 2000 Companies
Leaders of Sourcing and Transportation Optimization Technologies Partner to Offer
the Best-of-Breed Sourcing Platform for Complex Supply Chain Verticals
PLANO, TX—November 15, 2004
MindFlow Technologies, Inc., the pioneer of Strategic Sourcing automation, today
announced an alliance with CombineNet to provide best-of-the-breed sourcing solutions
for manufacturing, retail, process and distribution verticals. The relationship
delivers a platform capable of handling any complex sourcing category for firms
in the target industries.
With shifting manufacturing capacities and tight transportation, supply network
planning is critical to understanding supply chain options, consequences and solutions.
Global manufacturers are beginning to evaluate their supply network more frequently.
Quarterly evaluation of tough sourcing and transportation requirements has sourcing
professionals demanding systems and processes that can handle these extreme complexities.
CombineNet-MindFlow sourcing solutions enable optimized scenario planning with unprecedented
"what-if" analysis capability.
MindFlow's category domain expertise together with CombineNet's REV™, the
market's leading optimization technology, delivers 'power sourcing' for maximum
value capture," said Tony Bonidy, president and CEO, CombineNet.
MindFlow powered by REV will deliver sourcing decision models for direct, indirect,
freight, capital goods and services spend categories. The collective solution blends
product-enabled methodologies with implementation, integration, customization and
infrastructure support for new and existing customers.
CombineNet and MindFlow are well known in North America and Europe for strength
in sourcing and transportation with world-class optimization-based analytics. The
team can immediately and efficiently deliver total sourcing solutions globally to
meet the increasing demand by supply chain organizations for dynamic Demand Driven
Supply Network solutions.
Expressive Bidding™ by CombineNet coupled with MindFlow's patented technologies,
category domain knowledge and proven sourcing processes, demonstrated through our
marquee global customer base, is now immediately available internationally through
fully trained sourcing expert teams," said Jay Reddy, CEO, MindFlow.
The alliance leverages CombineNet-MindFlow sourcing leadership to enable competitive
advantage and significant decision-making for problems like:
- Where to source materials from, using which suppliers and supply locations to which
ship-to locations
- What transportation to use
- What is the optimal number of suppliers, supply locations, freight carriers
- Balance lower labor costs of offshore sourcing with higher transportation and inventory
costs
- Assembly and processing choices
- Define the optimal number of distribution centers
The partnership delivers the most powerful sourcing analytic platform available,
capable of handling any complex sourcing category. Supply chain and sourcing teams
will be armed with patented technologies, category domain expertise, proven sourcing
processes and leading optimization analytics to ensure superior performance, improved
competitive advantage.
About Mindflow Technologies
MindFlow Technologies helps companies save time, save money and reduce risk with
leading Strategic Sourcing applications. Large and small companies accelerate e-sourcing
initiatives with MindFlow's complete sourcing automation, essential decision intelligence
and deep domain, category expertise. The MindFlow Sourcing Suite™ is the premier
end-to-end sourcing platformcomprehensive spend analysis, event management, sourcing
analysis, supplier development, contract management, performance reporting and sourcing
compliance. In close partnership with marquee customers, MindFlow has sourced billions
of dollars in direct and indirect categories and enabled many millions of dollars
in cost reductions. MindFlow Technologies headquarters is located at 6504 International
Parkway, Plano, Texas. For more information, visit www.mindflow.com.
Diana Murray
Mindflow
Phone: (972) 930-9988
diane.murray@mindflow.com
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