SYSTEM CONTAINING AN INTEGRATION OF COST SAVINGS TRACKER AND SPEND ANALYZER FOR CALCULATING ACTUAL EFFECTIVE SAVINGS
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United States of America Patent
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Issued Date -
Dec 12, 2013
app pub date -
Sep 8, 2012
filing date -
Jun 7, 2012
priority date (Note) -
Abandoned
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Abstract
A system containing an integration of cost savings tracker and spend analyzer for calculating actual effective savings of a spend category in a procurement cycle; the system comprises cost savings tracker module and spend analyzer module; cost savings tracker module of the present system facilitates computation of actual effective cost savings of a spend category and thus facilitates tracking of cost savings of a spend category while Cost Component Model of the spend analyzer module of the present system is meant for spend analysis which facilitates analysis of the procurement cost in relation to market indices of the underlying commodities.
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