Supplier/buyer network that provides catalog updates
Granted: May 20, 2014
Patent Number:
8732036
Embodiments for a supplier/buyer (S/B) network providing catalog updates are disclosed. One method includes the S/B network receiving a request for an update of product information of a catalog. The S/B network receives a profile request of at least one supplier from a buyer. The S/B network confirms that the at least one supplier supports product updates. If the at least one supplier supports product information updates, then the S/B network receives the request for a product…
System and method for conducting electronic auctions with multi-parameter optimal bidding
Granted: May 13, 2014
Patent Number:
8725622
An auction methodology wherein the auction competition among the bidders is generated by allowing each bidder to bid for non-price bid parameters (e.g., lead time, labor rate, contract length, etc.) in addition to the price of the lot on auction. Such a multi-parameter bidding provides the buyer (i.e., the auction requester) with more diverse information when selecting the winning bidder. The buyer and each bidder participating in the electronic auction may receive a real-time feedback…
Maintenance of a company profile of a company associated with a supplier/buyer commerce network
Granted: April 1, 2014
Patent Number:
8688537
Embodiments for maintaining a company profile of a company associated with a supplier/buyer commerce network are disclosed. One method includes collecting activity information of the company. The collecting includes monitoring a plurality of databases that each maintains activity information associated with the company, assigning a unique identification for the company across the plurality of databases, exporting the activity information associated with the company from each of the…
Method, apparatus and system for advancing a bidder to a selected rank
Granted: February 25, 2014
Patent Number:
8660937
Techniques for determining a suggested bid value that surpasses a selected bid are disclosed. A user selectable facility is provided. In response to receiving a selection event associated with the user selectable facility: (1) the value of the selected bid, which is other than the first ranked bid value, is established; (2) the suggested bid value is calculated by applying a predetermined minimum differential value to the selected bid value; and (3) the suggested bid value is conveyed to…
Organic supplier enablement based on a business transaction
Granted: February 4, 2014
Patent Number:
8645225
Enabling a supplier is disclosed. An indication of a transaction associated with a business process between a buyer and a supplier is received. A supplier enablement action is initiated in response to receiving the indication. The supplier enablement action is associated with enabling the supplier to join a supplier network.
Buyer/supplier network that aids supplier enablement through collaboration between buyers and suppliers
Granted: December 17, 2013
Patent Number:
8612300
Embodiments of methods, systems and apparatus for a buyer/supplier network aiding supplier enablement through creation of a requisition between a buyer and a supplier are disclosed. One method includes receiving, by the buyer/supplier network, a collaboration request for information about a good or service being purchased by a buyer. At least one supplier is identified from an approved supplier list that has the requested information. An account is created for each of the identified…
System and method for creating a spot market
Granted: October 15, 2013
Patent Number:
8560432
Techniques for soliciting and receiving bids for goods or services necessary to satisfy a spot need of a buyer are disclosed. A request to procure goods or services is received. At least one aspect associated with the request is a requirement that the requested goods or services be available for immediate delivery. Potential bidders are electronically notified. An auction is conducted. One or more winning bidders are selected in accordance with received bids.
Importable template
Granted: October 8, 2013
Patent Number:
8554650
An importable electronic template and methods of creating and utilizing the importable template. The template includes an alphanumeric field created by a template creation entity and a response field created by the template creation entity. Data is electronically entered into the response field by a responding entity. The importable electronic template is incorporated into a general purpose electronic template.
Supplier approval and activation in a supplier network
Granted: July 9, 2013
Patent Number:
8484095
A supplier for commerce is approved of. In the event activity in a buyer operated application occurs, authorization of the supplier is initiated. Via a supplier network, information about the supplier with respect to a buyer is received. The received information includes a structured commerce profile for the supplier. The received information is made available to the buyer to make a decision regarding whether to approve of the supplier. The decision is received from the buyer. In the…
Dynamic data access and storage
Granted: April 30, 2013
Patent Number:
8433730
Dynamic data access and storage. A master dynamic configuration directory can store connection strings and data adapters for data entities based on a routing identifier and a business entity identifier. The information can be stored in multiple data stores, each of which can have a different data type. A data request from a requesting entity comprises a routing identifier and a business entity identifier. A system application can receive a data request and can access the local instance…
Facilitating electronic auction of prepayment of an invoice
Granted: March 5, 2013
Patent Number:
8392317
Embodiments for facilitating an electronic auction of prepayment of an invoice are disclosed. One method includes a supplier and a buyer approving the invoice with definite terms. The supplier electronically submits the invoice with proposed prepayment terms to an exchange platform. The exchange platform provides an electronic auction of the invoice with proposed prepayment terms to a plurality of bidders and receiving a bid from at least one of the plurality of bidders. Payment of the…
System and method for creating a spot market
Granted: February 19, 2013
Patent Number:
8380608
A system and method for soliciting and receiving bids for goods or services necessary to satisfy a spot need of a buyer. The system receives a request to procure goods or services that are required to satisfy the spot need of the buyer. The request includes information identifying the type of goods or services being procured by the buyer. Next, the system automatically selects a plurality of suppliers to invite to the on-line auction by querying a supplier database with information from…
Method, apparatus and system for advancing a bidder to a selected rank
Granted: January 29, 2013
Patent Number:
8364577
Techniques for advancing a first bidder to a desired rank in an electronic auction are disclosed. In response to actuation of a bid rank advancement function by a first bidder, a new bid for the first bidder is calculated by applying a predetermined minimum differential value to a current bid of a second bidder that holds the desired rank in the electronic auction. The new bid is automatically submitted to the electronic auction on behalf of the first bidder.
Organic supplier enablement based on a business transaction
Granted: May 29, 2012
Patent Number:
8190482
Enabling a supplier is disclosed. An indication of a transaction associated with a business process between a buyer and a supplier is received. A supplier enablement action is initiated in response to receiving the indication. The supplier enablement action is associated with enabling the supplier to join a supplier network.
Method of bidding to drive competition in an auction
Granted: February 28, 2012
Patent Number:
8126799
A method of bidding to drive competition in an auction, including receiving a plurality of bids from a plurality of bidders, distinguishing the bidders according to a subset of a parameter, assigning at least one identifier to the bidders in each subset, the subset associated with the identifier is unknown to the bidders outside of the subset, and displaying a lowest bid with the identifier for each bidder.
Translation technology in electronic sourcing
Granted: February 28, 2012
Patent Number:
8126701
A method for providing effective communication in a network, including obtaining from an editor data in a first language, accepting from the editor at least one allowable language other than the first language, receiving a request from a reader to access the data in a second language, if the second language is the at least one allowable language, rendering a version of the data in the second language to the reader, and if the second language is not the at least one allowable language,…
Method and system for conducting electronic auctions with aggregate lotting for transformation bidding
Granted: January 10, 2012
Patent Number:
8095451
An auction methodology wherein individual demands are bid in lots and an aggregation of several lots is then run as an individual lot to determine if the buyer can attract a lower price offering from bidders by selecting to award the total volume of all of the individual lots to one bidder. A bidder-specific transformation factor for the aggregate lot is computed by combining selected transformed values (one for each lot) that take into account that bidder's price offerings for…
Allotting an award volume in an auction
Granted: December 27, 2011
Patent Number:
8086518
A method of allocating an award in an auction wherein an award for a given auction round is allocated amongst a plurality of highest ranked bidders is disclosed. The method allocates the award between at least the first and second bidders. The method includes conducting the auction and allocating the award between at least the first and second bidders in accordance with the rank of the bidders and a predetermined divisional arrangement. A system, an apparatus, and a bidding device that…
System and method for promoting competition in an auction
Granted: July 5, 2011
Patent Number:
7974908
A system and method for promoting competitive bidding in an online auction that has a bidder, a favored bidder, and a sponsor, including receiving bids from the bidder and the favored bidder, deriving a relative spread, determining a market position for the bidder and the favored bidder, and displaying feedback information to at least one of the favored bidder or the bidder. The relative spread represents a minimum premium amount required before the sponsor awards a contract to a…
Method and system for conducting electronic auctions with multi-parameter price equalization bidding
Granted: April 5, 2011
Patent Number:
7921053
An auction is conducted by obtaining, from a buyer, information associated with a product to be purchased using an auction, where the buyer purchases the product from a winning bidder. The obtained information associated with the product is made available to at least a first bidder and a second bidder. A first bid that includes a first price and a first non-price information is received from the first bidder. A second bid that includes a second price and a second non-price information is…
