Method and system for determining, analyzing, and reporting a cost reduction in a procurement

摘要

Disclosed is a computer-implemented method for determining cost reduction in a procurement transaction, including the steps of: (a) providing a baseline reference data set including at least one reference data field; (b) providing a negotiated procurement transaction data set including at least one negotiated procurement transaction data field; (c) providing an actual procurement transaction data set including at least one actual procurement transaction data field; (d) determining a cost reduction value for the procurement transaction based upon at least one baseline reference data field, at least one negotiated procurement transaction data field and at least one actual procurement transaction data field; and (e) providing the results of the determination performed in step (d). Also disclosed are various apparatus and systems capable of performing this method.