Commodity Procurement System
AssigneeSap SE
InventorsMartina Rothley, Werner Neureuther, Martin Szabadi, Steffen Vollmert, Peter Schlaak
Life of this patent
Estimating the term…
Abstract
A system and method include generating an indication regarding a need for a commodity from a manufacturing and resource planning system, estimating future prices of the commodity via a simulation tool as a function of current, historical, and simulated commodity prices, correlating the estimated future prices with a lead time to identify an optimal time to purchase the needed commodities, and generating a list of purchase orders via a computer system as a function of the correlation.
Claims20
A method comprising:
- generating an indication regarding a need for a commodity from a manufacturing and resource planning system;
- estimating future prices of the commodity via a simulation tool as a function of current, historical, and simulated commodity prices;
- correlating the estimated future prices with a lead time to identify an optimal time to purchase the needed commodities;
- and
- generating a list of purchase orders via a computer system as a function of the correlation.
A computer readable storage device having instructions for causing a computer to execute a method, the method comprising:
- receiving an indication of a need for a commodity from a manufacturing and resource planning system;
- estimating future prices of the commodity via a tool as a function of current, historical, and simulated commodity prices;
- correlating the estimated future prices with a lead time to identify an optimal time to purchase the needed commodities;
- and
- generating a list of purchase orders via a computer system as a function of the correlation.
A system comprising and in memory database programmed to:
- generate an indication regarding a need for a commodity from a manufacturing and resource planning system;
- estimate future prices of the commodity via a simulation tool as a function of current, historical, and simulated commodity prices;
- correlate the estimated future prices with a lead time to identify an optimal time to purchase the needed commodities;
- and
- generate a list of purchase orders via a computer system as a function of the correlation.
Dependencies are inferred from the claim text.