Managing and evaluating procurement risk
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United States of America Patent
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Jun 29, 2010
Grant Date -
May 4, 2006
app pub date -
Nov 1, 2004
filing date -
Nov 1, 2004
priority date (Note) -
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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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