Managing and evaluating procurement risk

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Reexamination Certificate

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C705S037000

Reexamination Certificate

active

07747500

ABSTRACT:
Methods, systems, and computer programs that enable procurement risk to be efficiently and effectively managed and evaluated are described. In one aspect, inputs specifying one or more forward contracts in a sourcing portfolio for procuring a resource from one or more suppliers are received. Inputs specifying one or more aspects of a target sourcing strategy for procuring the resource also are received. A procurement risk evaluation report comparing the sourcing portfolio and the target sourcing strategy is presented.

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patent: 6188989 (2001-02-01), Kennedy
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patent: 2007/0106601 (2007-05-01), Shepherd
“Inventory management with demand substitution using a new simulation approach” ; Author: Yang, Hongsuk Year: 2004; Corporate Source/Institution: The University of Chicago (0330) Adviser: Linus Schrage; Source: vol. 65/03-A of Dissertation Abstracts International. p. 1030. 160 Pages.

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