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Value chain intelligence system and methods

  • US 20020138316A1
  • Filed: 03/23/2001
  • Published: 09/26/2002
  • Est. Priority Date: 03/23/2001
  • Status: Abandoned Application
First Claim
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1. A method using a computing system and a plurality of software modules, the method assisting in making procurement decisions in an enterprise regarding a particular item and comprising the steps of:

  • extracting via one or more software modules first information indicative of the price and/or availability of the particular item from at least one source external to the enterprise, the external source offering for sell to the enterprise and/or other entities one or more items including the particular item;

    extracting via one or more software modules second information from the enterprise regarding existing inventory of the particular item, existing purchase arrangements between the enterprise and one or more suppliers and/or forecasted need for the particular item by the enterprise;

    storing the first information and second information in a database;

    analyzing via the first information and second information with one or more software modules;

    generating a recommended action regarding the procurement or non-procurement of the particular item and/or the one or more substitute items; and

    displaying the recommended action regarding the procurement or non-procurement of the particular item and/or the one or more substitute items.

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