Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
Type:
Application
Filed:
November 25, 2020
Publication date:
April 1, 2021
Applicant:
IndustryStar, LLC
Inventors:
William J. CRANE, JR., Matthew William Forster, Kenneth Alan Nelson
Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
Type:
Grant
Filed:
May 14, 2018
Date of Patent:
December 1, 2020
Assignee:
IndustryStar, LLC
Inventors:
William J. Crane, Jr., Matthew William Forster, Kenneth Alan Nelson
Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
Type:
Grant
Filed:
June 12, 2015
Date of Patent:
May 15, 2018
Assignee:
INDUSTRYSTAR, LLC.
Inventors:
William J. Crane, Jr., Matthew William Forster, Kenneth Alan Nelson