AUTOMATED FEATURE-BASED ANALYSIS FOR COST MANAGEMENT OF DIRECT MATERIALS

摘要

A system and method for managing costs of a target part is presented. The system and method entails five steps. First, the system and method provides features characteristics information of the target part. Second, system and method provides financial information related to the target part. Third, the system and method provides purchasing demand information related to the target part. Fourth, the system and method analyzes the features characteristics data, financial information, and purchasing demand information. Finally, the system and method compares the target part should cost to a supplier's price of the target part to determine cost saving opportunities .