System and method for effectively conducting transactions between buyers and suppliers
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jan 17, 2002
app pub date -
Jun 8, 2001
filing date -
Jun 9, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A web-based service that facilitates communications and commercial transactions between buyers and suppliers, including the efficient distribution of a buyer's request-for-quotations (RFQs) to an audience of that buyer's preferred suppliers, and the automatic and efficient handling of supplier quotations in a variety of bidding formats that are communicated back to the buyer for selection of a winning bid. After selection of the winning bid, a server device generates communications for enabling the buyer and winning supplier to enter into a contract for completing the commercial transaction.
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