Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-10-17
2006-10-17
Kyle, Charles R. (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S026640
Reexamination Certificate
active
07124107
ABSTRACT:
A collective procurement management system which permits multiple potential purchasers of a specific item or service to submit orders for the item or service on an ongoing basis. As orders enter the system, they are grouped such that potential purchasers are may “cooperate” in generating a collective bulk order so that all participants may obtain discount/volume pricing. Once a threshold level of order volume is obtained as a result of multiple orders, the grouped order is submitted to the supplier for fulfillment. The order is then fulfilled at a volume pricing level although individual portions of the collective order are routed to a plurality of purchasers. The present invention also includes a Reverse Auction Process (RAP) which, in one embodiment, operates to allow potential purchasers to select a product or service and set a maximum price that they are willing to pay for the same. Following submission of this information to the system, possibly including orders for the same item from other potential buyers, potential vendors bid to supply the item to the relevant buyers requesting the item.
REFERENCES:
patent: 6260024 (2001-07-01), Shkedy
patent: 6260025 (2001-07-01), Silverman et al.
patent: 6269343 (2001-07-01), Pallakoff
patent: 6466919 (2002-10-01), Walker et al.
patent: 6606608 (2003-08-01), Bezos et al.
patent: 7013290 (2006-03-01), Ananian
patent: 2002/0143692 (2002-10-01), Heimermann et al.
patent: 2004/0083156 (2004-04-01), Schulze
patent: 2004/0177026 (2004-09-01), Balabon
patent: 2004/0204987 (2004-10-01), Hill et al.
patent: 2005/0010521 (2005-01-01), Muelier et al.
patent: 2005/0234808 (2005-10-01), Goto et al.
patent: 10269374 (1998-10-01), None
Parity Trademark History, Aug. 1992, 31 pages.
Morris Drew E.
Pishevar Shervin
Freewebs Corporation
Kyle Charles R.
Rattner Charles A.
LandOfFree
Collective procurement management system does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Collective procurement management system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Collective procurement management system will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3675374