PREDICTIVE RISK MANAGEMENT BASED PRODUCT PROCUREMENT

PREDICTIVE RISK MANAGEMENT BASED PRODUCT PROCUREMENT

An apparatus includes a demand module that determines a demand for a product offered from a plurality of suppliers. A pricing module receives cost factors associated with the product to determine a base per unit cost of the product. A quality module receives quality factors associated with the produ...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: BEH YONG LING, TAN JULIAN S.K, SLAMET KRISTIAN, GAMBLE ERIC T, STEGNER ERIC A
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:An apparatus includes a demand module that determines a demand for a product offered from a plurality of suppliers. A pricing module receives cost factors associated with the product to determine a base per unit cost of the product. A quality module receives quality factors associated with the product to determine a per unit quality cost adder. A cost module calculates a procurement cost of the product. A supplier module receives production factors describing a supplier's ability to provide the product. A social module monitors social media for social data describing events related to a supplier's ability to provide the product. A procurement module determines, based on the per unit procurement cost of the product, the production factors, and the social data, a product order allocation for each supplier that fulfills the demand.