Patent ID: 7590937

Claim:
A procurement risk management system comprising: a graphical user interface comprising: at least one demand forecast scenario window for at least one resource; at least one price forecast scenario window for the at least one resource; at least one availability scenario window for the at least one resource; and at least one sourcing option window; wherein the graphical user interface receives inputs specifying forecast scenarios for demand, price, and availability for the at least one resource in respective forecast scenario windows; receives inputs specifying one or more forward contracts in a sourcing portfolio for procuring the at least one resource from respective suppliers in the respective sourcing option windows; and reports one or more metrics for evaluating the sourcing portfolio; and a calculation engine receiving inputs from the graphical user interface, wherein the calculation engine operates to: calculate a resource sourcing mix based on the received inputs; and calculate one or more metrics for evaluating risk in the sourcing portfolio based on the calculated resource sourcing mix; wherein the calculation engine generates reports comprising the one or more metrics for evaluating risk in the sourcing portfolio; wherein the at least one resource is procured based on the generated reports and controls an inventory level of product.