Commodities & Materials

Direct materials are one of the most obvious targets for reducing costs through strategic sourcing, as every penny saved in the cost of goods sold (COGS) goes directly to the company's bottom line. Sourcing teams often rely on price-focused sourcing tools, such as standard reverse auctions, to reduce the cost of their direct materials, but the principles of Expressive Commerce can drive further reductions in costs without squeezing your suppliers' profit margins.

CombineNet has extensive experience developing and managing sourcing events for various direct material categories; some simple, some more complex. We've combined best practices from these sourcing events to develop standardized Commodity Sourcing Managers for some of the most common areas of material spend to help sourcing teams quickly and easily take advantage of the benefits of Expressive Commerce via our Advanced Sourcing Application Platform (ASAP).

These Sourcing Managers deliver an On-Demand sourcing solution that you can configure to meet your unique needs and begin collecting bids in days. Using the principles of Expressive Commerce, our Commodity Sourcing Managers enable you to model your sourcing needs, business objectives, goals and preferences within ASAP, and encourages your suppliers to provide their best offers via Expressive Bidding®. The results are reduced cost, greater efficiency, and better supplier relationships.

Contact us to learn more about our Commodity Sourcing Managers, or to discuss a custom solution to your direct material needs.

  • Chemical Manager: Liquid, Dry, Fragrances
  • Ingredient Manager: Starches & Sweeteners, Sales, Preservatives, Fresh/Frozen/Dry
  • MRO Manager
  • Steel Manager
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Optimal

Optimal: A Definition

(1) A solution to an optimization problem which has the minimum (or maximum) value of the objective function.

(2) The time, space, resource, etc. complexity of an algorithm which matches the best known lower bound of a problem.

— Dictionary of Algorithms and Data Structures

  
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