Inventors:
Margaret Roberts - Sewickley PA, US
Mary Green - Pittsburgh PA, US
Tim Roseberry - Wheeling WV, US
Ioan Crisan - Pittsburgh PA, US
Timothy McCollim - Aliquippa PA, US
Robert Rudzki - Upper St. Clair PA, US
International Classification:
G06F017/60
Abstract:
Disclosed is a computer-implemented method for determining cost reduction in a procurement transaction, including the steps of: (a) providing a baseline reference data set including at least one reference data field; (b) providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field; (c) providing an actual procurement transaction data set including at least one actual procurement transaction data field; (d) determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field; and (e) providing the results of the determination performed in step (d). Also disclosed are various apparatus and systems capable of performing this method.