USPS extends use of CombineNet's advanced sourcing technology
CombineNet announced that the United States Postal Service has extended its license to use CombineNet's advanced sourcing technologies for two more years. In the three years that the Postal Service has used CombineNet's Advanced Sourcing Application Platform (ASAP), they have implemented the technology across multiple spend categories, sourcing roughly USD1 billion and realizing more than 35x Return on Investment. CombineNet ASAP enables the Postal Service to strategically source materials and services across multiple categories, including transportation (airfreight, ocean freight and holiday season truckload shipping), services (trash and recycling removal, vehicle wash), mail equipment materials (mail containers and pallet boxes), as well as the supply of fuel for its fleet vehicles.
Under its former and current Transformation Plans, the Postal Service set a goal to achieve a cost savings over a defined period. One of the things the agency did to reach this goal was to implement a broad sourcing strategy, including the creation of category management centers and the establishment of commodity sourcing strategies for each spend category. Implemented across multiple categories, CombineNet's Advanced Sourcing Application Platform (ASAP) was one of the many strategic steps the organization took that resulted in savings of approximately USD2.1 billion over a 5-year period.
CombineNet ASAP facilitates an innovative approach to strategic sourcing called Expressive Commerce(TM); combining the interaction and expressiveness of traditional face-to-face negotiations with the speed and scale of internet technologies. CombineNet ASAP provides an advanced online capability to collect and analyze expressive supplier proposals alongside the buying organization's business goals and operational constraints, identifying the optimal sourcing solution. ASAP is applied across multiple spend categories, including direct and indirect materials, services, and transportation.
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(TM), 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.
About U.S. Postal Service
Since 1775, the United States Postal Service and its predecessor, the Post Office Department, have connected friends, families, neighbors and businesses by mail. An independent federal agency that visits more than 144 million homes and businesses every day, the Postal Service is the only service provider delivering to every address in the nation. It receives no taxpayer dollars for routine operations, but derives its operating revenues solely from the sale of postage, products and services. With annual revenues of USD70 billion, it is the world's leading provider of mailing and delivery services, offering some of the most affordable postage rates in the world. The U.S. Postal Service delivers more than 46 percent of the world's mail volume–some 212 billion letters, advertisements, periodicals and packages a year–and serves ten million customers each day at its 37,000 retail locations nationwide.
