Abstract: A computerized method, system, and computer-readable medium of automated feature-based analysis for cost management of direct materials is disclosed. The method includes receiving a plurality of suppliers and at least one part offered by each of the plurality of suppliers, determining, with a processor, a should cost for each of the at least one parts based at least in part on features characteristics information, financial information, and purchasing demand information, receiving a request to compare the should cost for each of the at least one parts with a vendor price provided by a first supplier, wherein the first supplier is one of the plurality of suppliers, determining, with a processor, a spend index and fit score for each of the at least one parts offered by the first supplier, and automatically displaying a comparison of the spend index and fit score for each of the at least one parts offered by the first supplier through a graphical user interface.

Abstract: System, method, and computer-readable program for managing cost and supply of parts are disclosed. According to one embodiment of the disclosure, a computerized method of managing cost and supply of parts includes receiving part information for a plurality of part suppliers, wherein the part information for each part supplier comprises material data of parts, and receiving a request involving the material data of parts of the plurality of part suppliers. The computerized method also includes automatically determining any relevant material data of parts of the plurality of part suppliers based on the request and displaying at least a portion of the relevant material data.

Abstract: 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.

Abstract: 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.