CombineNet Adds Automotive Supply Chain Expert Mike Trist to Executive Team; Auto Industry Veteran to Drive CombineNet Expansion into Key Market.Business Editors PITTSBURGH--(BUSINESS WIRE)--Jan. 26, 2004 CombineNet today announced that Mike Trist v. t. & i. 1. To trust. [ imp. os> n. 1. Trust. 2. A post, or station, in hunting. 3. A secret meeting, or the place of such meeting; a tryst. See Tryst. , former supply chain director for Visteon, has joined its executive team as a vice president of business development. Trist is a veteran of the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. having spent more than 30 years with Ford and Visteon before joining CombineNet. Trist will be responsible for developing new business efforts for CombineNet, particularly in the automotive industry. CombineNet's Decision-Guidance Systems utilize patented, combinatorial optimization Combinatorial optimization is a branch of optimization in applied mathematics and computer science, related to operations research, algorithm theory and computational complexity theory that sits at the intersection of several fields, including artificial intelligence, mathematics technologies to provide better answers to high-impact strategic business problems. To date, CombineNet has handled strategic sourcing events for food, consumer-packaged goods, retail and automotive companies, helping them save millions on transportation, materials and MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. (maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble ). "Mike has been a highly regarded sourcing and logistics professional in the automotive industry for more than 30 years and understands from hands-on experience the inner-workings of domestic and international supply chains," said Tony Bonidy, CombineNet CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We've built a strong customer base in our target markets and have handled some of the most complex and strategic events for the Fortune 500. We're confident Mike brings to us the expertise to expand our presence in automotive, CPG CPG central pattern generators. , food and retail." Through expressive bidding, CombineNet enables a truly free market exchange where buyers receive greater savings by allowing sellers to promote their unique capabilities. By enabling expressive competition and allowing for this richer interaction between suppliers and buyers, CombineNet is changing the way companies source large spends on materials, services and transportation. "During my time in the automotive industry, I had a chance to review many different sourcing software applications, and CombineNet's Decision-Guidance System is a superior technology to anything I have seen," said Trist. "It allows companies to ensure they are getting the absolute lowest price in the sourcing of strategic categories while giving companies insights that allow them to create long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. competitive advantage. CombineNet is quickly building a customer base with the world's largest companies and I'm excited to contribute to its ongoing success." As supply chain director for Visteon, Trist was responsible for customs, transportation, packaging engineering, bill of material, and material planning and control. Before assuming the role of supply director for Visteon's North American operation North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. in 1997, Trist held a number of positions in Ford Motor Company in the Americas, Europe and the Far East. While at Ford, Trist assumed many roles including the Powertrain side of Purchasing; Worldwide Sourcing and Supply Quality; foreign programs manager with major responsibility for Mazda and Nissan programs; Electronics Purchasing, for the Electrical and Electronics Group; and director of supply for Ford Operations in Brazil and Argentina. ABOUT COMBINENET Founded in 2000 and headquartered in Pittsburgh, CombineNet is the world's leading provider of combinatorial optimization - a technology that delivers unprecedented cost savings to Fortune 1000 companies. The company's radical new Decision-Guidance System allows executives to find and justify the best possible solutions in strategic sourcing, logistics and other supply chain areas with unprecedented speed and uncompromising accuracy. Leading companies such as PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls , Heinz, Procter & Gamble, and Dupont are gaining competitive advantage by using the company's technology. For more information, contact CombineNet at (412) 471-8200 (Pittsburgh) or +44 208 995 5134 (London), or visit www.CombineNet.com. |
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