Automated system for generating procurement lists
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United States of America Patent
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-
Jun 29, 1993
Grant Date -
N/A
app pub date -
Dec 21, 1990
filing date -
Dec 21, 1990
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
An automated system and concomitant methodology for minimizing the procurement costs of products and for generating a list of selected products based on the results of the minimization is disclosed for the Business Volume Discount regime. The system processing covers purchasing situations wherein multiple vendors offer a plurality of products and the vendors give discounts based on the total dollar amount of business received from the purchasers. The processing effected by the system utilizes a linear programming technique to solve a model of the business volume discount regime given a variety of constraints.
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