Graphical user interface for procurement risk management system
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United States of America Patent
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Sep 15, 2009
Grant Date -
Apr 8, 2004
app pub date -
Oct 3, 2002
filing date -
Oct 3, 2002
priority date (Note) -
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Abstract
Systems and methods for managing procurement risk are described. In accordance with a procurement risk management method, a resource sourcing mix is computed from a sourcing portfolio of one or more forward contracts, spot market purchases, and inventory depletion for each period of a planning horizon based on forecast scenarios for resource demand, resource price, and resource availability and a specified inventory carrying policy for the resource. Based upon the computed resource sourcing mix, one or more metrics for evaluating the sourcing portfolio are computed. A system and a computer program implementing the above-described procurement risk management method also are described.
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