SYSTEMS AND METHODS FOR PURCHASING PRICE SIMULATION AND OPTIMIZATION

• US 20160162920A1
• Filed: 12/04/2014
• Published: 06/09/2016
• Est. Priority Date: 12/04/2014
• Status: Abandoned Application

• Current Assignee: SAP SE
• Original Assignee: SAP SE
• Inventors: Kemmer, Johann, Rothley, Martina
• Application Number:
  US14/560,727
• Publication Number:
  US 20160162920A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors

Abstract

The present disclosure is generally directed to systems and methods for simulating the cost of goods and/or services, and triggering procurement events based upon the simulated pricing. The systems and methods receive historic price data including purchasing volumes for the product(s) and/or service(s) that an organization procures in their normal course of business, anonymize the historic pricing data for each of the plurality of distinct organizational entities in order to generate aggregated historic pricing data, receive one or more procurement requests from a procurement system of the organization, calculate price predictions for goods and/or services based on information stored in an account database, identify one or more time periods and/or quantities for procuring requested goods and/or services, generate one or more procurement triggers indicating preferred period(s) for acquiring goods and/or services, and transmit the trigger(s) to the procurement system and/or an end user.

Claims

1. A method comprising:

receiving historic pricing data for a procurement object from a plurality of distinct organizational entities;

anonymizing the historic pricing data for each of the plurality of distinct organizational entities in order to generate aggregated historic pricing data;

storing aggregated historic pricing data within a database;

receiving a procurement request from one of the plurality of distinct organizational entities, the procurement request identifying the procurement object;

in response to the procurement request, calculating a predicted price for the procurement object using the aggregated historic pricing data; and

generating a suggested purchase order based upon fluctuations to the predicted price for the procurement object.

2. The method of claim 1, further comprising:

transmitting the suggested purchase order to a user; and

receiving a modified purchase order in response to changes to the suggested purchase order.

3. The method of claim 1, wherein an aging factor is applied to each entry of the aggregated historic pricing data.

4. The method of claim 1, wherein the procurement object is associated with an international classification schemata.

5. The method of claim 1, further comprising:

periodically receiving historic pricing data for the procurement object from the plurality of distinct organizational entities.

6. The method of claim 1, wherein the procurement object is one of a raw material, product, and service.

7. The method of claim 1, wherein the procurement object is one of a raw material and a product, and the procurement request further includes a quantity and target delivery date.

8. A non-transitory computer readable storage medium storing one or more programs configured to be executed by a processor, the one or more programs comprising instructions for:

receiving historic pricing data for a procurement object from a plurality of distinct organizational entities;

anonymizing the historic pricing data for each of the plurality of distinct organizational entities in order to generate aggregated historic pricing data;

storing aggregated historic pricing data within a database;

receiving a procurement request from one of the plurality of distinct organizational entities, the procurement request identifying the procurement object;

in response to the procurement request, calculating a predicted price for the procurement object using the aggregated historic pricing data; and

generating a suggested purchase order based upon fluctuations to the predicted price for the procurement object.

9. The computer readable storage medium of claim 8, further comprising:

transmitting the suggested purchase order to a user; and

receiving a modified purchase order in response to changes to the suggested purchase order.

10. The computer readable storage medium of claim 8, wherein an aging factor is applied to each entry of the aggregated historic pricing data.

11. The computer readable storage medium of claim 8, wherein the procurement object is associated with an international classification schemata.

12. The computer readable storage medium of claim 8, further comprising:

periodically receiving historic pricing data for the procurement object from the plurality of distinct organizational entities.

13. The computer readable storage medium of claim 8, wherein the procurement object is one of a raw material, product, and service.

14. The computer readable storage medium of claim 8, wherein the procurement object is one of a raw material and a product, and the procurement request further includes a quantity and target delivery date.

15. A price simulation server comprising:

one or more processors; and

memory storing one or more programs for execution by the one or more processors, the one or more programs including instructions for;

anonymizing the historic pricing data for each of the plurality of distinct organizational entities in order to generate aggregated historic pricing data;

storing aggregated historic pricing data within a database;

receiving a procurement request from one of the plurality of distinct organizational entities, the procurement request identifying the procurement object;

in response to the procurement request, calculating a predicted price for the procurement object using the aggregated historic pricing data; and

generating a suggested purchase order based upon fluctuations to the predicted price for the procurement object.

16. The price simulation server of claim 15, further comprising:

transmitting the suggested purchase order to a user; and

receiving a modified purchase order in response to changes to the suggested purchase order.

17. The price simulation server of claim 15, wherein an aging factor is applied to each entry of the aggregated historic pricing data.

18. The price simulation server of claim 15, wherein the procurement object is associated with an international classification schemata.

19. The price simulation server of claim 15, further comprising:

periodically receiving historic pricing data for the procurement object from the plurality of distinct organizational entities.

20. The price simulation server of claim 15, wherein the procurement object is one of a raw material, product, and service.

21. The price simulation server of claim 15, wherein the procurement object is one of a raw material and a product, and the procurement request further includes a quantity and target delivery date.