A storage medium for managing a supply chain is provided. The storage
medium includes instructions for implementing a method. The method
includes transmitting a bid request from a bill of material (BOM) file to
a web site and receiving a response from a supplier, resulting in an
award notice. The method also includes identifying component prices
incurred by the supplier that manufactures products using the components,
comparing the prices with those available to the manufacturer from a
component supplier. For components in which the supplier incurs a price
greater than that available to the manufacturer, the method includes
requesting authorization for the supplier to purchase a quantity of the
component from the component supplier at the purchase price available to
the manufacturer. Upon approval, the method includes transmitting an
authorization to the supplier to purchase the component directly from the
component supplier. The authorization includes guidelines for the
contract manufacturer to follow.