Procurement Risk Management (PRM) at Hewlett-Packard company

被引:118
作者
Nagali, Venu [1 ]
Hwang, Jerry [1 ]
Sanghera, David [1 ]
Gaskins, Matt [1 ]
Pridgen, Mark [1 ]
Thurston, Tim [1 ]
Mackenroth, Patty [1 ]
Branvold, Dwight [1 ]
Scholler, Patrick [1 ]
Shoemaker, Greg [1 ]
机构
[1] Hewlett Packard Corp, Procurement Risk Management Grp, Houston, TX 77070 USA
关键词
supply chain risk management; inventory management; operations; planning; procurement; structured contracts;
D O I
10.1287/inte.1070.0333
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Supply chain risks related to product demand, component cost, and availability uncertainties can have a significant impact on a manufacturing company's revenue and profits. The Procurement Risk Management (PRM) Group at Hewlett-Packard (HP) developed and implemented a mathematical model, business process, and software to measure and manage supply chain risks on the procurement side. In 2006, the software-enabled business process helped HP to manage over $7 billion in spending; this resulted in material-cost savings of $128 million. Over the past six years, HP has realized more than $425 million in cumulative cost savings using the PRM approach.
引用
收藏
页码:51 / 60
页数:10
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