SYSTEM AND METHOD FOR PRODUCT VENDOR SELECTION

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United States of America Patent

APP PUB NO 20140095265A1
SERIAL NO

13828426

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Abstract

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Systems and methods for facilitating complex purchasing decision across a plurality of potential product vendors are based on accumulating pricing, logistical (inventory, shipping, transport, etc.), and performance (past delivery timeliness, satisfaction, etc.) information from a spectrum of relevant sources (vendors, shippers, warehouses, distributors, manufacturers, etc.) and using linear optimization methods to identify one or more recommended vendors from whom to buy a given product at a given logistical moment. The linear optimization analysis is preferably further refined by considering vendor selection priorities of the purchaser, which may be either purchaser-specific or may be generalized to a category of purchaser (such as government versus private, employee size, etc.).

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Patent Owner(s)

Patent OwnerAddress
CAPITOL DEVELOPMENT LLC6644 VIA REGINA BOCA RATON FL 33433

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Steinman, Robert J Coral Springs, US 17 275

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