SYSTEM AND METHOD FOR MANAGING SPENDING
A method of managing supplier intelligence is provided. The method includes collecting procurement data from a plurality of data sources. The procurement data includes information regarding a plurality of business divisions of a business entity. The method further includes generating spend formulas...
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Main Authors | , , , |
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Format | Patent |
Language | English French German |
Published |
14.06.2006
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Edition | 7 |
Subjects | |
Online Access | Get full text |
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Summary: | A method of managing supplier intelligence is provided. The method includes collecting procurement data from a plurality of data sources. The procurement data includes information regarding a plurality of business divisions of a business entity. The method further includes generating spend formulas for each business division for determining spending associated with each business division. The method further includes generating a set of supplier intelligence business rules that interrelate at least one spend formula associated with a first one of the business divisions with at least one spend formula associated with a second one of the business divisions. The method further includes automatically analyzing a portion of the procurement data based on the supplier intelligence business rules to determine the financial effects of a decision made by the first business division on the second business division. The method further includes automatically generating a visual output indicating the results of the analysis. |
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Bibliography: | Application Number: EP20020786485 |