Intelligent procurement agent
AssigneeVientity Private Limited
InventorYek-Meng Wong
Life of this patent
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AssigneeVientity Private Limited
InventorYek-Meng Wong
Estimating the term…
A system for managing a supply of a good based on a request for the good includes a decision support module that evaluates the request against a plurality of indicators. The decision support system also determines whether the request involves an exception in accordance with exception data. The system further includes an execution module that receives the determination from the decision support module, triggers an action that is corrective and generates an interactive output. The exception is incorporated into the exception data if the exception is of a new type, and the exception data is modified if the exception is not of the new type and has changed, to dynamically adjust the at least one of the indicators in real-time. As a result, the exception is processed and corrected to prevent interruptions in the supply chain.
A system for managing a supply of a good based on a request for said good, comprising:
A method for managing a supply of a good based on a request for said good, comprising:
A computer program product for enabling a computer to operate, and so comprising software instructions for enabling the computer to perform predetermined operations, and a computer readable medium bearing the software instructions, the predetermined operations comprising the steps of:
76 A system for managing a supply of a good based on a request for said good, comprising:
The system of claim 76, said means for evaluating comprising:
The system of claim 76, wherein said at least one of said indicators can be modified based on at least one of a category of said good and at least one an external factor.
The system of claim 76, wherein if said exception is in said exception data, said at least one corrective action is taken immediately.
The system of claim 76, wherein said plurality of indicators can be reassessed based on a response from said external entity.
The system of claim 76, wherein a plurality of indicators are applied in said means for evaluating said request across a plurality of time periods to perform said evaluation.
The system of claim 76, wherein said evaluation performed by said decision support module has qualitative and quantitative components.
The system of claim 76, wherein said plurality of indicators are used to categorize a procurement environment, analyze relevant conditions and assign risk.
The system of claim 76, wherein said exception comprises at least one of excess supply, poor responses, inaccurate pricing, shortage of supply and shortage due to a quality failure.
The system of claim 76, wherein said corrective action is performed one of sequentially and simultaneously.
The system of claim 76, further comprising a management means that includes,
Dependencies are inferred from the claim text.