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Managing procurement risk

  • US 20040068454A1
  • Filed: 10/03/2002
  • Published: 04/08/2004
  • Est. Priority Date: 10/03/2002
  • Status: Active Grant
First Claim
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1. A procurement risk management method, comprising:

  • computing a resource sourcing mix 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; and

    based upon the computed resource sourcing mix, computing one or more metrics for evaluating the sourcing portfolio.

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