Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Reexamination Certificate
2002-09-27
2010-02-16
Gort, Elaine (Department: 3687)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
C705S028000
Reexamination Certificate
active
07664674
ABSTRACT:
A system and method for supply chain and inventory risk management that supplies inventory from a manufacturer to a plurality of customers. An owner entity of the system is transferred a plurality of customer agreements which describe requirements for the distribution of the inventory to the customers in agreed-upon amounts in exchange for agreed-upon payments. Transfer of the customer agreements allows an electronic system of the owner entity to forecast and place orders purchasing from the manufacturer the amount of inventory that will be needed by the customers. Further, the transfer of the agreements increases the certainty that inventory purchased by the owner will be sold to the customer. The electronic owner system may also commission the services of a logistics agent that is capable of providing shipping and handling services customized to high-risk inventory, such as electronic components, increasing the owner's profit on the sale of the inventory.
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Farnsworth on Contracts pp. 124-129 (1998).
Williston on Contracts pp. 875-880; 1002-1004.
Alston & Bird LLP
Gort Elaine
United Parcel Service of America Inc.
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