Evaluation and selection of quotes of a commerce network
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United States of America Patent
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Dec 5, 2017
Issued Date -
N/A
app pub date -
May 22, 2014
filing date -
May 22, 2011
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Abstract
Embodiments for methods, systems and apparatuses of a commerce network for completing a commercial transaction are disclosed. One computer-method includes receiving, by one or more commerce network servers, a buyer-initiated demand for fulfillment of the commercial transaction, identifying suppliers to satisfy the buyer-initiated demand based on buyer policies and supplier characteristics, requesting quotes from the identified suppliers, receiving quotes from the identified suppliers, evaluating and selecting, by the one or more commerce network servers, one or more of the received quotes, wherein evaluating and selecting the one or more of the received quote comprises applying evaluating criteria to the received quotes, wherein the evaluation criteria includes applying a weighted combination of a plurality of evaluating factors, and facilitating presentation of the one or more selected quotes to the buyer.
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