Attaining product inventory groupings for sales in a group-buying environment
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United States of America Patent
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Aug 28, 2007
Grant Date -
N/A
app pub date -
May 22, 2001
filing date -
May 23, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method and system are provided that enables a seller to reserve from a supplier a grouping of products (e.g., create a virtual inventory) for sale in an on-line group-buying sale. The supplier agrees to reserve an agreed quantity for an agreed time period. The seller conducts the group-buying sale offering the reserved product inventory to buyers. The seller and supplier then follow agreed upon procedures for shipping the products.
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