SAVING TRACKER SYSTEM AND METHOD
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United States of America Patent
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app pub date -
Mar 18, 2015
filing date -
Mar 20, 2012
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Abandoned
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Abstract
System and method for analysis of cost saving in a procurement process are described. The system includes a processor unit and a computer readable medium. The computer readable medium stores instructions executable by the processor unit. The instructions are programmed to perform the steps of receiving baseline cost information, receiving purchase cost information, and computing a plurality of components of cost saving. The instructions are also programmed to transfer indication of the computed components of cost saving to display device and/or financial accounting system. Moreover, the instructions are programmed to adjust at least one of the pluralities of the components of the cost saving utilizing at least one factor selected from the group consisting of currency exchange rate, commodity price, and inflation rate.
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