Kevin Michael Woerner

US Patent:

20100198630, Aug 5, 2010

Filed:

Jan 30, 2009

Appl. No.:

12/362964

Inventors:

Gary Francis Page - Concord NC, US
Mary Frances Edwards - Charlotte NC, US
Kevin Michael Woerner - Charlotte NC, US
Kellie Lyn McCorvey - Fort Mill SC, US

Assignee:

BANK OF AMERICA CORPORATION - Charlotte NC

International Classification:

G06Q 10/00

US Classification:

705 7

Abstract:

Evaluating the risks posed by a supplier of goods and services, wherein the supplier subcontracts the production of the goods or services to a third entity, offshores the production of the goods or services, or uses an offshore subcontractor to provide the goods or services. In at least some embodiments, the invention comprises gathering answers to a series of multiple choice questions regarding characteristics of the goods or services provided by the supplier and calculating a risk score therefrom. An embodiment can be implemented via a stand-alone computing system or such a system interconnected with other platforms or data stores by a network, such as a corporate intranet, a local area network, or the Internet.

US Patent:

20100198631, Aug 5, 2010

Filed:

Jan 30, 2009

Appl. No.:

12/363145

Inventors:

Mary Frances Edwards - Charlotte NC, US
Gary Francis Page - Concord NC, US
Kevin Michael Woerner - Charlotte NC, US
Michael Shayne White - Fort Mill SC, US
Rosanna Lea Hamilton - Charlotte NC, US
Lee Otto Bernard Martinec - Charlotte NC, US

Assignee:

BANK OF AMERICA CORPORATION - Charlotte NC

International Classification:

G06Q 90/00
G06Q 40/00

US Classification:

705 7, 705 35

Abstract:

Provided is a method and system of assigning a level of risk presented to an enterprise by a supplier of goods or services. In at least some embodiments, a tier level and/or a composite supplier risk index (CSRI) is calculated for the supplier based on answers provided to a series of multiple choice questions, wherein the questions are used to provide a measure of the risk elements presented by a supplier. In some embodiments, the risk elements comprise business continuity risk, information security risk, finance risk, operational risk, and supply chain risk. An embodiment can be implemented via a stand-alone computing system or such a system interconnected with other platforms or data stores by a network, such as a corporate intranet, a local area network, or the Internet.

US Patent:

20100198661, Aug 5, 2010

Filed:

Jan 30, 2009

Appl. No.:

12/362652

Inventors:

Paul Mitchell McMurray - Charlotte NC, US
Mary Frances Edwards - Charlotte NC, US
Margaret Susan Lipps - Charlotte NC, US
Kevin Michael Woerner - Charlotte NC, US
Gary Francis Page - Concord NC, US
Caroline Kaminer Dellinger - Charlotte NC, US
Gregg Sloan - Upatoi GA, US
Karen Webb Bailey - Concord NC, US
Laurie Venzon - Davidson NC, US

Assignee:

BANK OF AMERICA CORPORATION - CHARLOTTE NC

International Classification:

G06Q 10/00
G06N 5/02
G06Q 50/00

US Classification:

705 11, 705 7, 706 46

Abstract:

Supply chain management using a supplier portfolio index (SPI) is disclosed. A single risk and performance metric for a supplier can be used across portfolios at both the business unit and enterprise level. The SPI can be produced by stratifying suppliers to obtain a plurality of risk element scores, which in turn are used to obtain a composite supplier risk index. A supplier performance scorecard metric can also be determined by combining a plurality of individual performance metrics. The composite supplier risk index, the supplier performance scorecard metric, and an indication of supplier manager certification can be aggregated to produce SPI. Percentage weights can be applied to the composite supplier risk index, the supplier performance scorecard metric, and the indication of supplier manager certification status so that the SPI is indicated on a 100-point scale.

US Patent:

20150242778, Aug 27, 2015

Filed:

Feb 24, 2014

Appl. No.:

14/188538

Inventors:

- Charlotte NC, US
Russ C. Major - Charlotte NC, US
Cynthia Wood - Charlotte NC, US
Eugene M. Davis - Fort Mill SC, US
Roberta S. Sperry - Charlotte NC, US
Mackenzie M. Smith - Charlotte NC, US
Kevin M. Woerner - Concord NC, US
Michael J. Washington - Charlotte NC, US
Shane K. Best - Banner Elk NC, US
Jack D. Lange - Charlotte NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 10/06

Abstract:

Managing a vendor may comprise identifying a product to be supplied to an entity. Risk elements associated with the product may be determined by performing a product category-driven risk assessment. A transaction level risk assessment is performed for one or more vendors proposed to supply the product to the entity. At least one management action is determined for reducing risk for a risk element of the plurality of risk elements associated with supplying the product to the entity by a selected vendor from a group comprising the one or more vendors proposed to the supply the product to the entity, wherein the at least one management action is determined according to results of the product category-driven risk assessment and the transaction level risk assessment for the selected entity. A vendor level quality plan for the selected vendor is created that comprises the at least one management action.

US Patent:

20150242857, Aug 27, 2015

Filed:

Feb 24, 2014

Appl. No.:

14/187637

Inventors:

- Charlotte NC, US
Eugene M. Davis - Fort Mill SC, US
Mackenzie M. Smith - Charlotte NC, US
Kevin M. Woerner - Concord NC, US
Roberta S. Sperry - Charlotte NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 20/40

Abstract:

Aggregating risk assessments associated with a vendor may comprise retrieving a transaction risk assessment for a first transaction. A transaction risk assessment for a second transaction is retrieved. A first response to a question for measuring risk to an entity is determined. The first response is associated with the first transaction and indicative of risk associated with engaging a vendor to supply a first product to the entity. A second response to the question for measuring risk to the entity is determined. The second response is associated with the second transaction and indicative of risk associated with engaging the vendor to supply a second product to the entity. The first response is aggregated with the second response to determine an aggregated response to the question according to a highest level of risk perceived by the vendor from outsourcing the first product and the second product to the vendor.

US Patent:

20150242858, Aug 27, 2015

Filed:

Feb 24, 2014

Appl. No.:

14/187746

Inventors:

- Charlotte NC, US
Kevin M. Woerner - Concord NC, US
Roberta S. Sperry - Charlotte NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 20/40

Abstract:

Assessing risk associated with a transaction may comprise identifying a potential vendor for supplying a product to an entity in a transaction. A response to one or more of a first plurality of questions for measuring risk to the entity associated with engaging the potential vendor to supply the product in the transaction is determined. Responsive to determining the response to the one or more of the first plurality of questions, a dynamically-triggered question for measuring risk to the entity associated with engaging the potential vendor to supply the product in the transaction is identified. A response to the dynamically-triggered question is determined. A provision for insertion into a contract associated with the transaction is determined according to at least one of the response determined for the one or more of the first plurality of questions and the response determined for the dynamically-triggered question.