Smithfield Foods Adopts the CombineNet ASAP Strategic Sourcing Solution

PITTSBURGH, Feb. 15, 2011 /PRNewswire/ -- CombineNet, Inc., the leading provider of advanced sourcing technologies, announced that Smithfield Foods (NYSE: SFD) has again selected the CombineNet ASAP (Advanced Sourcing Application Platform) product to support sourcing activities across multiple areas of its spend.

"Having used CombineNet for a variety of sourcing events over the past four years, this new subscription agreement to the CombineNet ASAP web-based product will be leveraged by Smithfield Foods' Strategic Sourcing and Services team to improve sourcing decision-making across a range of spend categories and drive better supply chain and company performance," said Chris Pope, manager of strategic sourcing at Smithfield Foods.

According to Rich Wilson, president and COO of CombineNet, "We are extremely pleased to continue our working relationship with Smithfield Foods following successful results from previous sourcing events, particularly as they increase the centralization of their sourcing processes and turn to CombineNet ASAP as a key tool in that corporate initiative."

CombineNet ASAP is a Software-as-a-Service advanced sourcing product used by buyers and their suppliers to speed, simplify, and centralize the creation and management of sourcing events of any size, scale, or complexity and for any spend category.

About CombineNet

CombineNet, Inc. is the advanced sourcing technology company. CombineNet's ASAP product (Advanced Sourcing Application Platform) is an optimization-driven Software as a Service (SaaS) solution that helps customers deliver the absolute best total cost of goods and services based on their unique business needs.  CombineNet ASAP is used to speed, simplify, and centralize the sourcing of any and all spend categories from global suppliers: direct and indirect materials, all modes of transportation, and services. In the past 10 years, CombineNet has delivered more than $6 billion in bottom-line savings for businesses worldwide including General Mills, PepsiCo, Procter & Gamble, Bayer, Sears, Johnson & Johnson, and many more across all industries.  For more information, visit www.combinenet.com.

About Smithfield Foods

Smithfield Foods is the world's largest pork processor and hog producer, with revenues exceeding $11 billion in fiscal 2010. In the United States, the company is also the leader in numerous packaged meats categories. From national brands and regional powerhouses in the United States to some of the best-known European brands, Smithfield Foods products are prized by retail, foodservice, and deli customers alike. For more information, please visit www.smithfieldfoods.com.

SOURCE CombineNet, Inc.