FOR IMMEDIATE RELEASE
Heinz Expands Use of CombineNet’s Optimized Sourcing Solutions
Heinz leverages advanced sourcing technologies from CombineNet to obtain immediate
value and sustainable financial results across multiple transportation modes
PITTSBURGH, PA — May 4, 2009
CombineNet, the leading provider of advanced sourcing and optimization technologies,
announced today that the H. J. Heinz Company, one of the world’s leading marketers
and producers of healthy and convenient foods, has expanded its use of CombineNet’s
Transportation Sourcing Solutions to source its Less-Than-Truckload (LTL) spend.
Since 2003, Heinz has used CombineNet’s advanced sourcing and optimization technologies
to source multiple modes of transportation. The ability to leverage network-wide
shipment volumes to reduce costs and increase carrier efficiencies has led Heinz
to expand its use of CombineNet’s technologies to include its LTL transportation.
CombineNet's sourcing solutions enable us to find the optimal balance of cost, service
and carrier relationships by conducting large, consolidated transportation sourcing
events," said Wayne Skinner, Heinz Vice President of Transportation. "By expanding
our use of CombineNet to include our LTL freight, we can drive additional cost savings
and long term value into Heinz through a larger part of our logistics operations."
Delivered via CombineNet's Advanced Sourcing Application Platform (ASAP), CombineNet’s
Sourcing Solutions combine strategic planning, category-specific best practices,
unique Expressive Bidding® capabilities, and industry leading optimization technologies
that enable unlimited “what if?” scenario analysis. These solutions enable companies
to find the absolute best sourcing solutions for many strategic spend categories,
including transportation, direct materials, packaging, and other items that have
a direct impact on a company’s cost of goods sold (COGS).
Heinz is a valued customer and we are extremely pleased with the confidence they
have in us and our technology," said Tony Bonidy, CEO of CombineNet. "Our Sourcing
Solutions create enterprise-wide value and drive unprecedented efficiency and innovation
to supply chains worldwide, and we look forward to continuing our role in helping
Heinz with its strategic sourcing activities."
About Heinz
H. J. Heinz Company (NYSE:HNZ), offering "Good Food Every Day," is one of the world’s
leading marketers and producers of healthy and convenient foods specializing in
ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior
quality, taste and nutrition for all eating occasions whether in the home, restaurants,
the office or "on-the-go." Heinz is a global family of leading branded products,
including Heinz® ketchup, sauces, soups, beans, pasta and infant foods (representing
over one third of Heinz’s total sales), Ore-Ida® potato products, Weight Watchers®
Smart Ones® frozen entrées, Boston Market® meals, T.G.I. Friday's® frozen
snacks, and Plasmon® infant nutrition. Heinz is famous for its iconic brands
on five continents, showcased by Heinz® ketchup, The World’s Favorite Ketchup®.
Information on Heinz is available at
www.heinz.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