20240013131. SYSTEMS AND METHODS FOR MANAGING DECISION SCENARIOS simplified abstract (Tata Consultancy Services Limited)
Contents
SYSTEMS AND METHODS FOR MANAGING DECISION SCENARIOS
Organization Name
Tata Consultancy Services Limited
Inventor(s)
RAMAKRISHNAN SUNDARAM Srinivasan of Mason OH (US)
DEVADATTA MADHUKAR Kulkarni of Rochester Hills MI (US)
JEFFREY DAVID Tew of Rochester Hills MI (US)
SYSTEMS AND METHODS FOR MANAGING DECISION SCENARIOS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240013131 titled 'SYSTEMS AND METHODS FOR MANAGING DECISION SCENARIOS
Simplified Explanation
The abstract of the patent application describes a method for managing decision scenarios and optimizing total sourcing cost in organizations. The conventional tools used for decision making are cumbersome and lack integration of changing inputs, making it difficult to deal with tactical opportunities. This disclosure presents a solution that involves obtaining various inputs and retrieving decision scenarios from a database. An optimization or simulation technique is then performed on the decision scenarios to calculate the total sourcing cost. A decision scenario is selected based on the total sourcing cost, and an ordering schedule for associated demands is created accordingly. The selected decision scenario is further fine-tuned to reach a target cost.
- The patent application describes a method for managing decision scenarios and optimizing total sourcing cost.
- The method involves obtaining various inputs and retrieving decision scenarios from a database.
- An optimization or simulation technique is performed on the decision scenarios to calculate the total sourcing cost.
- A decision scenario is selected based on the total sourcing cost, and an ordering schedule for associated demands is created.
- The selected decision scenario is fine-tuned to reach a target cost.
Potential applications of this technology:
- Supply chain management
- Manufacturing optimization
- Decision-making in organizations
Problems solved by this technology:
- Lack of integration of changing inputs for consistent decision making
- Cumbersome tools and individually validated data
- Difficulty in dealing with tactical opportunities
Benefits of this technology:
- Improved decision-making process
- Optimization of total sourcing cost
- Efficient management of decision scenarios
- Cost reduction in sourcing operations
Original Abstract Submitted
organizations/manufacturers have used scenarios to make business decisions. it has been difficult to apply scenarios in dealing with tactical opportunities due to lack of integration of changing inputs for consistent decision making. conventionally, tools are cumbersome and depend on pre-structured and individually validated data requiring significant expert involvement. present disclosure manages decision scenarios and optimizes total sourcing cost by obtaining various inputs and retrieving decision scenarios from a database. an optimization technique and/or a simulation technique is performed on the decision scenarios to obtain the total sourcing cost that is based on a quantity filled for each source-entity-destination combination and a corresponding unit lane cost. a decision scenario is selected from the pre-defined decision scenarios based on the total sourcing cost and an ordering schedule for associated demands is created accordingly. the selected decision scenario is further fine-tuned such that the total sourcing cost reaches close to a target cost.
