System for managing a supplier for participation in a plurality of trading networks
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United States of America Patent
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Dec 11, 2012
Grant Date -
Nov 10, 2011
app pub date -
Jul 18, 2011
filing date -
Mar 2, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system for performing a method for managing a supplier for participation in trading networks. The method includes: receiving from each trading network a volume commitment consolidating volume commitments for offerings of commodities and services; negotiating with each trading network to supply to customer members of the trading network the commodity or service; storing, for each trading network for each supplier, attributes including start date, end date, services and products offered to the trading network, and payment flow for the commodities and services; offing a trading network package based on negotiations occurring before receiving purchase requests from the customer members, the trading network package including: (i) a value-add service offering to the customer members for a fee, and (ii) a managed package for which a customer member provides a volume commitment and actual purchases are tracked; and negotiating price discount levels for committed levels of demand from the trading networks.
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