The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 03, 2024
Filed:
Nov. 11, 2021
Tata Consultancy Services Limited, Mumbai, IN;
Devadatta Madhukar Kulkarni, Rochester Hills, MI (US);
Ramakrishnan Sundaram Srinivasan, Mason, OH (US);
Jeffrey David Tew, Rochester, MI (US);
Tata Consultancy Limited Services, Mumbai, IN;
Abstract
Sourcing is a practice of locating and selecting entities based on set criteria. Determining most appropriate supplier entities at the lowest cost can develop a competitive advantage. However, existing sourcing techniques lack effective ways to target best suppliers for right part bundling and to efficiently optimize sourcing cost for sustained savings. Present disclosure leverages machine learning and optimization methods with technology data to provide a computationally efficient solution. Relationships between parts and corresponding attributes are obtained for parts bundling and best supplier locations are mapped for selected part bundles. A sourcing cost minimizer is used in conjunction with an iterative process to grow or limit supplier capacity by constraining award amount, bundle mix, or number of supplier entities based on multiple alternative scenarios being defined to systemically minimize cost and manage risks driven by changes in customer demand or manufacturing location.