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Using commercial share of wallet to manage vendors

  • US 8,121,918 B2
  • Filed: 04/15/2008
  • Issued: 02/21/2012
  • Est. Priority Date: 10/29/2004
  • Status: Active Grant
First Claim
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1. A method of managing vendors, comprising:

  • modeling, by a computer-based system for managing vendors comprising a computer processor and a tangible, non-transitory memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data, wherein the modeling comprises;

    identifying the cost of goods sold and operating expenses from at least one of the individual corporate data and the aggregate corporate data;

    at least one of identifying the cardable operating expenses from the operating expenses and identifying a cardable operating expenses ratio from aggregate corporate data;

    at least one of summing the cardable operating expenses with the cost of goods sold and summing the cost of goods sold with the product of operating expenses and the cardable operating expenses ratio;

    estimating, by the computer-based system, a commercial size of spending wallet of a company based on, at least, known financial statement data of the company, total known business spending of the company, and the model of industry spending patterns, wherein the commercial size of spending wallet is the total cardable business spending of the company, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and

    managing inclusion of the company on a vendor list based on, at least, the commercial size of spending wallet of the company.

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