Cost Management System
First Claim
Patent Images
1. A computer readable media having instructions stored thereon that, when executed by a processor, causes the processor to manage costs of an inventory item, the instructions comprising:
- logic for defining a set of one or more attributes and at least one value for each of the attributes of the set for the item;
logic for receiving a transaction for the item; and
logic for determining a cost of the transaction based on the at least one value of the attributes that corresponds to the item.
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Abstract
A cost management system for an inventory item defines a set of one or more attributes or “valuation structures”, and at least one value for each of the attributes in the set or “valuation unit”. The system receives a transaction involving the inventory item. The system then determines the cost of the inventory item based on the attribute values for the valuation structure of the item. Therefore, the cost of the inventory item will vary based on the attribute values.
31 Citations
16 Claims
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1. A computer readable media having instructions stored thereon that, when executed by a processor, causes the processor to manage costs of an inventory item, the instructions comprising:
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logic for defining a set of one or more attributes and at least one value for each of the attributes of the set for the item; logic for receiving a transaction for the item; and logic for determining a cost of the transaction based on the at least one value of the attributes that corresponds to the item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method executing a cost management system, the method comprising:
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defining a set of one or more attributes and at least one value for each of the attributes in the set for an item; receiving a transaction for the item; and determining a cost of the transaction based on the at least one value of the attributes that corresponds to the item. - View Dependent Claims (10, 11)
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12. A cost management system comprising:
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a processor; memory coupled to the processor and storing a cost management module and additional integrated enterprise modules; and a database coupled to the processor; wherein the cost management module defines for an inventory item a set of one or more attributes and at least one value for each of the attributes. - View Dependent Claims (13, 14, 15)
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16. A system for managing costs of an enterprise, the system comprising:
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means for defining a set of one or more attributes and at least one value for each of the attributes in the set for an inventory item; means for receiving a transaction for the item; and means for determining a cost of the transaction based on the at least one value of the attributes that corresponds to the item.
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Specification