Computerized quotation system and method

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

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Details

705 27, G06F 706

Patent

active

057583285

ABSTRACT:
A computerized system for forming a computer based communications network of network members inclusive of network buyers and or network vendors for processing requests for quotation for goods and services through at least one central processing unit including operating system software for controlling the central processing unit, storage means containing the identification of network members, means for network buyers to generate request for quotation for goods and/or services, means for transmitting said request for quotation to said central processing unit, filter means for selecting appropriate network members to receive said request for quotation based on filter conditions defined by the buyer in said request for quotation and/or by the vendor and/or by the central processing unit, means for broadcasting said request for quotation to the network members selected by said filter means and means for responding to the generator of said request for quotation with either a response to said request for quotation or with a list of said selected network members. Filter conditions may define the class of vendors in terms of geographical location, quantity, language spoken, currency, special conditions of sale, and the like.

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Author unknown, IBNL Forges Into the Future of Buying and Selling with Source Interactive Software, PR Newswire, Jan. 10, 1996.
Author unknown, IBNL Announces Signing of More Than $8 Billion in Buying Power, Business Wire, Nov. 15, 1996.

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