AUTOMATED FEATURE-BASED ANALYSIS FOR COST MANAGEMENT OF DIRECT MATERIALS
First Claim
1. A method of evaluating a capability of one or more suppliers of a part, the method comprising:
- receiving values of each of a plurality of feature characteristics of a part;
receiving, a range of values for each of the plurality of feature characteristics for one or more suppliers;
comparing each feature characteristic value of the part with the range of feature characteristic values for the one or more suppliers; and
determining a fit rating for each of the one or more suppliers based on the comparison, the fit rating indicating the capability of each of the one or more suppliers.
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Accused Products
Abstract
A system and method for managing costs of a target part is presented, The system and method entails five steps, First, the system and method provides features characteristics information of the target part. Second, system and method provides financial information related to the target part. Third, the system and method provides purchasing demand information related to the target part. Fourth, the system and method analyzes the features characteristics data, financial information, and purchasing demand information. Finally, the system and method compares the target part should cost to a supplier'"'"'s price of the target part to determine cost saving opportunities.
35 Citations
20 Claims
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1. A method of evaluating a capability of one or more suppliers of a part, the method comprising:
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receiving values of each of a plurality of feature characteristics of a part; receiving, a range of values for each of the plurality of feature characteristics for one or more suppliers; comparing each feature characteristic value of the part with the range of feature characteristic values for the one or more suppliers; and determining a fit rating for each of the one or more suppliers based on the comparison, the fit rating indicating the capability of each of the one or more suppliers. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method of evaluating a capability of one or more suppliers of a part, the method comprising:
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determining values for feature characteristics for at least one part; calculating a range of supplier values for each feature characteristic for each part; comparing the feature characteristic values, for the at least one part with the range of supplier values; and determining, a fit rating based on the comparison, the fit rating indicating the capability of one or more suppliers. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A computer-readable storage medium containing instructions for performing a method for managing costs of a target part, the method comprising:
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receiving values of each of a plurality of feature characteristics of a part; receiving a range of values for each of the plurality of feature characteristics for one or more suppliers; comparing each feature characteristic value of the part with the range of feature characteristic values for the one or more suppliers; and determining a fit rating for each of the one or more suppliers based on the comparison, the fit rating indicating the capability of each of the one or more suppliers. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification