Category analysis model to facilitate procurement of goods and services
AssigneeBank of America Corporation
InventorRichard D. JONES
Life of this patent
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AssigneeBank of America Corporation
InventorRichard D. JONES
Estimating the term…
A category analysis model to facilitate strategic procurement is disclosed. The model can be created by receiving and arithmetically totaling numerical demand characteristics input for each of a plurality of goods and services, and receiving and arithmetically totaling numerical supply characteristics input for each of the plurality of goods and services. Supply and demand characteristics can be input by a user into software such as a spreadsheet, or interactively. The arithmetic totals of supply characteristics are graphically plotted against arithmetic totals of demand characteristics for each of the plurality of goods and services to produce a strategic procurement guide. The strategic procurement guide can then be displayed to a user. In example embodiments, the strategic procurement guide indicated that goods and services are in a clear strategic procurement category, a possible strategic procurement category, possible procurement category, and a clear procurement category.
A computer implemented method of facilitating strategic procurement, the method comprising:
A non-transitory computer-readable storage medium having computer program code for facilitating strategic procurement embodied thereon, the computer program code comprising:
A system for facilitating strategic procurement comprising:
Dependencies are inferred from the claim text.