Procurement Cost Impact Analysis ToolAuthors: Jane Wu, Jason Zhang, Philip Cheng, Ryan Zheng, Ellen Xu, Celine Chong
Company: IBM Integrated Supply Chain
Date Published: 4/17/2013 Conference: Symposium
In order to do this end-to-end smarter procurement cost analysis tool to come out the constructive financial result for strategy, we have to link the cost structure of component level, product level and purchase spending split with those variable factors. However, it is still the difficulties for most of procurement companies to have easier approaches and currently they just make the cost impact data based on the inaccurate assessment. In addition, the financial data result can't be regarded as the actual cost impact on the business unit at the company level.
This paper describes a procurement cost analysis tool that performs a comprehensive cost impact analysis by commodity level, procurement level, product level and company level. This tool combines cost structure and raw material cost data systems into enterprise resource planning (ERP) with four finance resource management modules. This tool helps with procurement data cost analysis and builds up strategic analysis as the reference.
Cost Impact Assessment Tool, purchase strategy, accurate result
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