Location History:
- Longmont, CO (US) (1976)
- Boulder, CO (US) (1979 - 2004)
- Surprise, AZ (US) (2006 - 2011)
Company Filing History:
Years Active: 1976-2011
Title: Innovation Through Efficiency: The Contributions of Gerald W. Baumann
Introduction
Gerald W. Baumann is a prominent inventor based in Boulder, Colorado, recognized for his significant contributions to the field of supply chain management through innovative technological solutions. With an impressive portfolio of 10 patents, his work primarily focuses on optimizing supplier selection processes based on cost efficiency and demand forecasting.
Latest Patents
Gerald's latest innovations include a pioneering system and program product designed for selecting lower-cost suppliers by analyzing total costs and projected demand. The invention entails the collection of componentized costs from multiple suppliers, encompassing both fixed and variable costs associated with raw materials and production. When a buyer requests an item, they provide specific order specifications and demand forecasts. Using this data, the system calculates the optimal order quantity and assesses the total (lifetime) cost for each supplier. Ultimately, it identifies the supplier with the lowest projected costs, enhancing decision-making for buyers and promoting greater efficiency in the supply chain.
Career Highlights
Baumann is currently employed by the International Business Machines Corporation (IBM), where he leverages his expertise to develop innovative solutions in supply chain technology. His extensive work has played a pivotal role in streamlining procurement processes, enabling businesses to reduce costs while maintaining quality.
Collaborations
Throughout his career, Gerald has collaborated with notable coworkers, including David H. Goldstein and Richard A. Leavitt. Their joint efforts have contributed to the advancement of technologies that support smarter supplier management, reflecting a strong commitment to innovation and teamwork within the competitive landscape of technology.
Conclusion
Gerald W. Baumann's dedication to innovation has not only resulted in a robust catalog of patents but has also fostered improved efficiencies in supply chain management. His work continues to impact industries by providing businesses with the tools needed to make informed supplier selections, ultimately leading to better cost management and resource allocation. As the landscape of supply chain technology evolves, Baumann’s contributions will undoubtedly remain influential in shaping the future of this vital field.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.