Method and system for determining, analyzing, and reporting a cost reduction in a procurement

An apparatus for determining cost reduction in a procurement transaction, comprising:

• means for providing a baseline reference data set including at least one reference data field;
• means for providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field;
• means for providing an actual procurement transaction data set including at least one actual procurement transaction data field;
• means for determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field;
• and
• means for providing the results of the determination.

An apparatus for determining cost reduction in a procurement transaction, comprising:

• at least one storage mechanism containing:
• (i) a baseline reference data set including at least one reference data field;
• (ii) a negotiated procurement transaction data set including at least one negotiated procurement transaction data field;
• and
• (iii) an actual procurement transaction data set including at least one actual procurement transaction data field;
• at least one control mechanism in communication with the at least one storage mechanism and configured to determine a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field;
• and
• a display mechanism in communication with the at least one control mechanism and configured to visually display the results of the determination.

A method for determining cost reduction in a procurement transaction, comprising the steps of:

• providing a project management data set including at least one project management data field;
• providing a baseline reference data set including at least one reference data field;
• providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field;
• providing an actual procurement transaction data set including at least one actual procurement transaction data field;
• determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field;
• and
• providing the results of the determination.

A method for determining cost reduction in a procurement transaction, comprising the steps of:

• providing a baseline reference data set including at least one reference data field;
• providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field;
• providing an actual procurement transaction data set including at least one actual procurement transaction data field;
• determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field;
• providing the results of the determination;
• and
• forecasting a cost reduction value for a subsequent transaction based upon the results of the determination.

A method for determining cost reduction in a procurement transaction, comprising the steps of:

• providing a project management data set including at least one project management data field;
• providing a baseline reference data set including at least one reference data field;
• providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field;
• providing an actual procurement transaction data set including at least one actual procurement transaction data field;
• determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field;
• providing the results of the determination;
• and
• forecasting a cost reduction value for a subsequent transaction based upon the results of the determination.