Graphical user interface for procurement risk management system
First Claim
1. A procurement risk management system comprising:
- a graphical user interface comprising;
at least one demand forecast scenario window for at least one resource;
at least one price forecast scenario window for the at least one resource;
at least one availability scenario window for the at least one resource; and
at least one sourcing option window;
wherein the graphical user interface receives inputs specifying forecast scenarios for demand, price, and availability for the at least one resource in respective forecast scenario windows;
receives inputs specifying one or more forward contracts in a sourcing portfolio for procuring the at least one resource from respective suppliers in the respective sourcing option windows; and
reports one or more metrics for evaluating the sourcing portfolio; and
a calculation engine receiving inputs from the graphical user interface, wherein the calculation engine operates to;
calculate a resource sourcing mix based on the received inputs; and
calculate one or more metrics for evaluating risk in the sourcing portfolio based on the calculated resource sourcing mix;
wherein the calculation engine generates reports comprising the one or more metrics for evaluating risk in the sourcing portfolio;
wherein the at least one resource is procured based on the generated reports and controls an inventory level of product.
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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.
93 Citations
49 Claims
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1. A procurement risk management system comprising:
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a graphical user interface comprising; at least one demand forecast scenario window for at least one resource; at least one price forecast scenario window for the at least one resource; at least one availability scenario window for the at least one resource; and at least one sourcing option window; wherein the graphical user interface receives inputs specifying forecast scenarios for demand, price, and availability for the at least one resource in respective forecast scenario windows;
receives inputs specifying one or more forward contracts in a sourcing portfolio for procuring the at least one resource from respective suppliers in the respective sourcing option windows; and
reports one or more metrics for evaluating the sourcing portfolio; anda calculation engine receiving inputs from the graphical user interface, wherein the calculation engine operates to; calculate a resource sourcing mix based on the received inputs; and calculate one or more metrics for evaluating risk in the sourcing portfolio based on the calculated resource sourcing mix; wherein the calculation engine generates reports comprising the one or more metrics for evaluating risk in the sourcing portfolio; wherein the at least one resource is procured based on the generated reports and controls an inventory level of product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A procurement risk management system comprising a graphical user interface operable to:
- receive inputs specifying forecast scenarios for demand, price, and availability for a resource in respective forecast scenario windows;
receive inputs specifying one or more forward contracts in a sourcing portfolio for procuring the resource from respective suppliers in respective sourcing option windows; and
report one or more metrics for evaluating the sourcing portfolio;wherein the graphical user interface is further operable to receive financial inputs; wherein the graphical user interface comprises a shortage cost window with a row for a shortage cost value in each period of a planning horizon; wherein the graphical user interface comprises an autofill button selectable by a user to cause the procurement risk management system to fill-in unspecified shortage cost values in a row by interpolation based on user-specified shortage cost values in the same row; and wherein when one of the unspecified shortage cost values is in a cell in the row at period j and the user-specified shortage cost values are in cells i and k, respectively, in the same row as the cell at period j, and period j is between periods i and k such that i<
j<
k, interpolation is calculated by the following formula;
value(j)=value(i)+[(j−
i)/(k−
i)]*[value(k)−
value(i)];wherein when one of the unspecified shortage cost values is in a cell in the row at period i preceding a first two user-specified shortage cost values in cells j and k, respectively, interpolation is calculated by the following formula;
value(i)=value(j)+[(j−
i)/(k−
j)]*[value(k)−
value(j)]; andwherein when one of the unspecified shortage cost values is in a cell in the row at period k following a last two user-specified shortage cost values in cells i and j, interpolation is calculated by the following formula;
value(k)=value(j)+[(k−
j)/(j−
i)]*[value(j)−
value(i)]. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30)
- receive inputs specifying forecast scenarios for demand, price, and availability for a resource in respective forecast scenario windows;
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31. A procurement risk management system comprising:
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a graphical user interface comprising; at least one demand forecast scenario window comprising information relating to high, base, and low demand forecast scenarios over time for at least one resource; at least one price forecast scenario window comprising information relating to high, base, and low price forecast scenarios over time for the at least one resource; at least one availability scenario window comprising information relating to high, base, and low availability forecast scenarios over time for the at least one resource; at least one sourcing option window; and at least one sourcing cost window for displaying one or more sourcing cost metrics; wherein the graphical user interface receives inputs specifying forecast scenarios for demand, price, and availability for the at least one resource in respective forecast scenario windows;
receives inputs specifying one or more forward contracts in a sourcing portfolio for procuring the at least one resource from respective suppliers in respective sourcing option windows; and
reports one or more metrics for evaluating the sourcing portfolio; anda calculation engine receiving inputs from the graphical user interface, wherein the calculation engine operates to; receive the inputs from the graphical user interface; calculate an optimal resource sourcing mix based on the received inputs and the sourcing portfolio; calculate one or more metrics for evaluating risk in the sourcing portfolio based on the calculated optimal resource sourcing mix; and calculate the one or more sourcing cost metrics based on the optimal resource sourcing mix; wherein the calculation engine generates reports comprising the one or more metrics for evaluating risk in the sourcing portfolio; and wherein the at least one resource is procured based on the generated reports and controls an inventory level of components or finished products. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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Specification