Patent ID: 8204777
Filing Date: 2012-06-19
Classification: G06Q

Abstract:
1. A system for management and analysis of costs and savings, comprising: a data collection server receiving and maintaining transaction information relating to purchase of components by an enterprise, the data collection server storing and updating the transaction information as it is received; and a cost analysis server receiving and maintaining product specification information to identify the number and quantity of components making up individual products sold by the enterprise and product information relating to sales and usage of products by the enterprise, the cost analysis server further receiving transaction information from the data collection server and analyzing the transaction information to generate component cost and savings information for the components, component savings information being based on cost reductions for components, the cost analysis server using the product information and the component cost and savings information to generate cost and savings information for products and categories of products incorporating or using the components, the cost analysis server tracing costs and savings for components across different products and categories of products, to accept definitions of categories for which cost and savings information is to be presented, and to present cost and savings information for the categories.