Managing procurement risk
First Claim
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.
3 Assignments
0 Petitions
Accused Products
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.
-
Citations
45 Claims
-
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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43)
-
-
44. A procurement risk management system, comprising a calculation engine operable to:
-
compute 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, compute one or more metrics for evaluating the sourcing portfolio.
-
-
45. A computer program for managing procurement risk, the computer program residing on a computer-readable medium and comprising computer-readable instructions for causing a computer to:
-
compute 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, compute one or more metrics for evaluating the sourcing portfolio.
-
Specification