Spend analysis system and method
OwnerSanjay Kadkol, Bikash Mohanty +2inventors
InventorsSanjay Kadkol, Bikash Mohanty, Ashish Jha, Aloysius Sebastian
Life of this patent
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Abstract
System and method for spend analysis are provided. The method includes identifying a spend category and associating a cost component model to the spend category. The cost component model indicates one or more cost contributors to the spend category. The method also includes receiving market information associated with at least a subset of the one or more cost contributors in the cost component model and outputting an analysis of spend associated with the spend category in relation to the cost component model.
Claims20
A computer based system for spend analysis, the system comprising:
- a processor unit;
- a computer readable medium storing instructions executable by the processor unit to perform the steps of:
- identifying a spend category;
- associating a cost component model to the spend category, the cost component model indicating one or more cost contributors to the spend category;
- receiving market information associated with at least a subset of the one or more cost contributors in the cost component model;
- and
- outputting an analysis of spend associated with the spend category in relation to the cost component model, based at least in part on the market information.
A method for spend analysis, the method comprising:
- identifying a spend category;
- associating a cost component model to the spend category, the cost component model indicating one or more cost contributors to the spend category;
- receiving market information associated with at least a subset of the one or more cost contributors in the cost component model;
- and
- outputting an analysis of spend associated with the spend category in relation to the cost component model, based at least in part on the market information.
A method for spend analysis, the method comprising:
- identifying a spend category;
- associating a cost component model to the spend category, the cost component model indicating one or more cost contributors to the spend category;
- and
- receiving an analysis of spend associated with the spend category in relation to the cost component model, wherein the analysis is based at least in part on market information associated with at least a subset of the one or more cost contributors in the cost component model.
Dependencies are inferred from the claim text.