US-based CombineNet has announced the launch of its consumer packaged goods (CPG) strategic sourcing solution to support the e-sourcing needs across the CPG supply chain.

CombineNet's advanced solutions were said to have been used by five of the Top 12 CPG companies in the world to improve their procurement of a range of spend categories in direct materials, primary and secondary packaging, indirect materials, facility services, transportation and distribution logistics, and corporate services.

CombineNet marketing VP Jennifer Sikora said the CPG companies always need to try out new ways to reduce costs and lessen the impact of rising prices for raw materials, packaging, and the transportation of goods.

"The CombineNet CPG Strategic Sourcing Solution provides them with industry-proven technology, sourcing tools and templates, and knowledge transfer to support challenging CPG spend categories and to obtain the highest rate of return on their sourcing activities," Sikora said.

CombineNet delivers e-sourcing software solutions through its products CombineNet ASAP for advanced e-sourcing, CombineNet Spend Analysis, and CombineNet Contract Management.