Method for selecting an optimal balance between direct cost and a number of suppliers
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United States of America Patent
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May 19, 2009
Grant Date -
May 29, 2003
app pub date -
Nov 7, 2001
filing date -
Nov 7, 2001
priority date (Note) -
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Abstract
A method for selecting an optimal balance between direct cost and a number of suppliers, including soliciting bids from a plurality of suppliers for a plurality of lots, receiving at least one bid from a supplier for each lot, storing the bids from each supplier in a database, and generating at least a first and second optimal solution from the bids in the database, the first optimal solution having a different number of suppliers than the second optimal solution.
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