Network based procurement and sourcing method

A method for enhancing the procurement processes and sourcing strategy options of an organization, including registering purchase item data, supply item data, demand market data, and supply market data, and generating one or more suggested procurement and sourcing strategies using a power and levera...

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Bibliographic Details
Main Authors SMITH JEREMY S, BOWEN-ASHWIN GAVIN I, COX ANDREW W
Format Patent
LanguageEnglish
Published 31.12.2009
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:A method for enhancing the procurement processes and sourcing strategy options of an organization, including registering purchase item data, supply item data, demand market data, and supply market data, and generating one or more suggested procurement and sourcing strategies using a power and leverage positioning methodology. The method provides a recommended level of analysis with respect to the criticality of the purchase items to generate suggested procurement and sourcing strategies. A method for developing the competence of the staff of an organization in the management of a procurement process, having a plurality of steps for the selection of procurement and sourcing strategies pre-contractually and for managing supplier performance post-contractually is also disclosed.
Bibliography:Application Number: US20080215076