Company Filing History:
Years Active: 2009-2014
Title: William Stephen Schaefer: Innovator in Procurement and Business Transformation
Introduction
William Stephen Schaefer is a notable inventor based in Durham, NC (US). He has made significant contributions to the fields of procurement and business transformation, holding a total of 2 patents. His work focuses on optimizing spend compliance and enhancing business processes through innovative solutions.
Latest Patents
Schaefer's latest patents include "Optimizing procurement spend compliance" and "Simulation of business transformation outsourcing of sourcing, procurement and payables." The first patent addresses managing spend compliance by analyzing transaction records and applying compliance business rules to identify high savings opportunities. This process culminates in generating a prioritized investment plan that optimizes return on investment. The second patent involves performing various simulations to represent the use of business transformation outsourcing services, thereby enhancing the efficiency of sourcing, procurement, and payables.
Career Highlights
William Stephen Schaefer is associated with International Business Machines Corporation (IBM), where he has contributed to various innovative projects. His expertise in procurement and business transformation has positioned him as a key player in the industry.
Collaborations
Schaefer has worked alongside notable colleagues such as Les Keay and Craig Alan Keenan, contributing to a collaborative environment that fosters innovation and creativity.
Conclusion
William Stephen Schaefer's contributions to procurement and business transformation through his patents reflect his commitment to innovation. His work continues to influence the industry, showcasing the importance of optimizing business processes for enhanced efficiency.