APPARATUS FOR PREDICTING FUTURE VENDOR PERFORMANCE
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United States of America Patent
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Issued Date -
Mar 3, 2016
app pub date -
Sep 3, 2014
filing date -
Sep 3, 2014
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Abstract
The present disclosure provides a vendor procurement apparatus for predicting future vendor performance for a new task based on previous vendor performance. The future vendor performance is determined by comparing the vendor's performance in related previously performed tasks to industry benchmarks in order to determine a rating for the previously performed tasks. These ratings are then weighted according to carrier specifications and averaged to create a prediction of vendor performance.
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