Patent ID: 11880781
Assignee: NB VENTURES, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 18:
19. The method of claim 1 wherein the recommended sourcing strategy is determined based on data points including evaluation of operational objectives, total Cost of Ownership and lifecycle, engagement and pricing models, compliance levels, analysis of historical policies and strategies, consumption patterns, behaviour and performance data, opportunities for consolidation of volumes across geographies, business units, product and service categories, volume tier discounts, new technologies, substitute products, low cost alternatives, standardization or reuse opportunities, benchmarks for resource qualifications and experience, intervals for price negotiations, futures, forwards, and options to fix or cap prices of commodity purchases in liquid markets, currency hedging for materials which are predominantly imported, Value chain for opportunities for Vertical integration, Should cost by leveraging data model to negotiate on billing rates, material and equipment price, supplier mark-up/profit, and current inventory management practices.