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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app pub date -
Aug 18, 2014
filing date -
Jun 7, 2012
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Abandoned
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Abstract
A system containing an integration of a cost savings tracker and spend analyzer for calculating actual effective savings of a spend category in a procurement cycle is described. The system includes a cost savings tracker module and spend analyzer module. The cost savings tracker module facilitates computation of actual effective cost savings of a spend category and thus facilitates tracking of the cost savings of a spend category, while a cost component model of the spend analyzer module is intended for spend analysis that facilitates analysis of the procurement cost in relation to market indices of the underlying commodities.
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