SciQuest, the largest public provider of spend management software, doesn’t seem to be running out of steam. It recently announced the acquisition of CombineNet, a Pittsburgh-based provider of cloud-based software for companies to manage advanced complex sourcing events.
The news is significant for the following two reasons:
It is another proof point of SciQuest’s strategy to
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customizable events and run what-if scenarios that balance a number of factors including supplier cost, value, risk, and innovation with internal business rules and preferences. This requires the collection, normalization, and optimization of both price and non-price variables from suppliers, which may include aspects such as supplier certification/credentials, service levels, capacity, contract terms, creative proposals, and incentive pricing deals. Customers can use the technology to acquire both direct