Journal of Advances in Developmental Research

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Attribute-Based Pricing System for Configured Parts Procurement Reconciliation

Author(s) Ravi Sankar Thinnati Palanichamy
Country United States
Abstract The complexity of configured manufacturing environments arises from diverse Bills of Materials (BOMs), integrating both internally manufactured parts and those procured from external suppliers. Discrepancies between purchaser price calculations and supplier invoices lead to contested invoices, hindered order closures, and financial inefficiencies. This paper introduces an Attribute-Based Pricing System (ABPS) designed to reconcile pricing discrepancies for configured parts, ensuring a unified calculation approach for both purchasers and suppliers. A case study methodology guides the design, implementation, and evaluation of the ABPS, which includes a real-time pricing calculation module. The findings indicate a 50% reduction in contested invoices, with a price match rate of 92% established between purchaser calculations and supplier invoices. Operating costs remain below daily invoice discrepancies, achieving an average cost-saving margin of 60%. This research contributes substantially to both academic understanding and practical implementation of process improvement in the realm of configured parts procurement.
Keywords Attribute-Based Pricing, Configured Parts Procurement, Pricing Discrepancies, Order Management Systems, Procurement Reconciliation, Cost Reduction, Manufacturing Supply Chain, Real-Time Pricing, Supplier Collaboration
Field Engineering
Published In Volume 13, Issue 2, July-December 2022
Published On 2022-08-10
Cite This Attribute-Based Pricing System for Configured Parts Procurement Reconciliation - Ravi Sankar Thinnati Palanichamy - IJAIDR Volume 13, Issue 2, July-December 2022. DOI 10.5281/zenodo.15049745
DOI https://doi.org/10.5281/zenodo.15049745
Short DOI https://doi.org/g88zhx
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