Title:
SYSTEM AND METHOD FOR SCENARIO-DRIVEN OPTIMIZATION OF SOURCING COST
Document Type and Number:
Japanese Patent JP2023071638
Kind Code:
A
Abstract:
To solve the problem that sourcing is a practice of searching for and selecting entities based on set criteria, and determining best supplier entities at the lowest costs can develop a competitive advantage, however, existing sourcing techniques lack effective ways to target best suppliers for right part bundling and to efficiently optimize sourcing costs for sustained savings.SOLUTION: The present disclosure leverages optimization methods using machine learning and technical data to provide computationally efficient solutions. Relationships between parts and corresponding attributes are obtained for parts bundling, and best supplier locations are mapped for selected part bundles. Sourcing cost minimization means is used in conjunction with an iterative process to grow or limit supplier capabilities by constraining order quantity, bundle combination, or number of supplier entities based on multiple alternative scenarios being defined to systemically minimize costs and manage risks driven by changes in customer demand or manufacturing location.SELECTED DRAWING: Figure 3
Inventors:
DEVADATTA MADHUKAR KULKARNI
RAMAKRISHNAN SUNDARAM SRINIVASAN
JEFFREY DAVID TEW
RAMAKRISHNAN SUNDARAM SRINIVASAN
JEFFREY DAVID TEW
Application Number:
JP2022181221A
Publication Date:
May 23, 2023
Filing Date:
November 11, 2022
Export Citation:
Assignee:
TATA CONSULTANCY SERVICES LTD
International Classes:
G06Q30/06; G06Q50/04
Attorney, Agent or Firm:
Shinichiro Tanaka
▲吉▼田 和彦
Hiroyuki Suda
Fumiaki Otsuka
Takayoshi Nishijima
Hiroshi Uesugi
Naoki Kondo
Takeo Nasu
▲吉▼田 和彦
Hiroyuki Suda
Fumiaki Otsuka
Takayoshi Nishijima
Hiroshi Uesugi
Naoki Kondo
Takeo Nasu