Method and apparatus configured to manage a procurement process
OwnerJerry L. Crayton, Steven J. Gibsoninventors
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Abstract
The present invention includes a method and apparatus configured to manage at least one aspect of a procurement process. The method includes the steps of establishing a value threshold, establishing a transaction, the transaction having an associated transaction value; comparing the transaction value of the transaction with the value threshold, and managing at least one aspect of the procurement process in response to the comparison.
Claims31
A method of managing at least one aspect of a procurement process, comprising the steps of:
- establishing a value threshold;
- establishing a transaction, said transaction having an associated value;
- comparing said transaction value with said value threshold;
- and
- managing at least one aspect of the procurement process in response to said comparison.
A method of managing a procurement process, comprising the steps of:
- establishing a value threshold;
- establishing a transaction, said transaction having an associated value;
- comparing said transaction value with said value threshold;
- performing a supplier selection process associated with said transaction, with at least one supplier;
- documenting at least one characteristic of said supplier selection process in response to said comparison.
An apparatus configured to manage a procurement process, comprising:
- a repository including at least one transaction, said transaction having an associated transaction value;
- a monitoring system configured to establish a value threshold, compare said transaction value with said value threshold, and managing said procurement process in response to said comparison.
Dependencies are inferred from the claim text.