Method and apparatus for efficiently responding to electronic requests for quote

• US 10,475,095 B2
• Filed: 10/28/2013
• Issued: 11/12/2019
• Est. Priority Date: 05/16/2000
• Status: Active Grant

• Current Assignee: Versata Software, Inc. (ESW Capital, LLC)
• Original Assignee: Versata Development Group, Inc. (ESW Capital, LLC)
• Inventors: Scott, Cheryl W., Leeb, Gunter, Reese, David J.
• Primary Examiner(s): Poinvil, Frantzy
• Application Number:
  US14/064,383
• Publication Number:
  US 20140052561A1
• Time in Patent Office: 2,206 Days
• Field of Search: 705 3- 44
• CPC Class Codes: G06Q 10/0875 Itemisation or classification of parts, supplies or services, e.g. bill of materials
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0611 Request for offers or quotes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system and method for efficiently responding to electronic requests for quote (“RFQ”). Through use, a user, such as a merchant, can automatically create and deliver an electronic RFQ response, without need for any interaction by the merchant. The merchant may establish certain criteria in order to allow the system and method to automatically respond to electronic RFQ'"'"'s received by the merchant.

Claims

1. A method of utilizing an intermediary request for quote (RFQ) computer system in a system architecture of a client computer system, the RFQ computer system, and one or more merchant computer systems for automatically generating an electronic RFQ, the method comprising:

performing by the RFQ computer system programmed with code stored in a memory and executing by a processor of the computer system to configure the computer system into a machine;

receiving electronic product selection data representing one or more selected products and a quantity for each selected product to be included in the electronic RFQ, wherein each of the products are offered via one or more web pages generated by a second computer system;

receiving an electronic request from a user of the client computer system, coupled to a network of interconnected systems, to generate said electronic RFQ, wherein the RFQ generation request includes product selection data indicating a selection of one or more products by the user and the RFQ generation request is received in response to selection by the user of an electronically selectable user interface component provided to the client computer system by the second computer system to allow the user to request generation of the electronic RFQ generation request;

accessing at least one database at a central storage location to obtain a file associated with said user, said file comprising RFQ fulfillment related preferences of said user for generating said electronic RFQ, wherein one or more of said preferences are selected from the group comprising time until a due date of the RFQ, default service requirements from a merchant, time prior to sending the RFQ, and time until delivery after an order;

populating fields of said electronic RFQ in accordance with said product selection data and preferences;

selecting one or more merchants from a data storage device to receive the RFQ in accordance with the RFQ fulfillment related preferences; and

sending said RFQ to each merchant computer system of each selected merchant via said network.

2. The method of claim 1, wherein said request comprises an electronic request.

3. The method of claim 1, wherein said preferences comprise default entries for said fields of said electronic RFQ.

4. The method of claim 1, further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the computer system to further configure the computer system into the machine;

sending a confirmation of said electronic RFQ to said user.

5. The method of claim 1 further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the computer system to further configure the computer system into the machine;

receiving a response to the electronic RFQ from at least one of the merchant computer systems, wherein the response to the electronic RFQ from at least one of the merchant computer systems comprises product quantity, price, and merchant information.

6. The method of claim 1 further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the computer system to further configure the computer system into the machine;

preparing a response to the electronic RFQ, wherein preparing the response further comprises;

assessing price information of a product corresponding to the selected one or more products including accessing at least one database of a supplier of the responding merchant, the database having price and availability information regarding the product from the supplier of the merchant, to ascertain a cost of the product from the supplier.

7. The method of claim 1 further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the computer system to further configure the computer system into the machine;

receiving a response to the RFQ from at least one of the merchant computer systems to whom the RFQ was directed.

8. The method of claim 1 wherein the code in the RFQ computer system further includes code to cause the RFQ computer system to receive one or more quotes in response to said electronic RFQ.

9. The method of claim 1, further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the RFQ computer system to further configure the RFQ computer system into the machine;

permitting said user to modify said file.

10. The method of claim 1, further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the RFQ computer system to further configure the RFQ computer system into the machine;

transmitting said file to the database for storage.

11. The method of claim 1, further comprising accessing said file upon receipt of electronic RFQ generation request.

12. The method of claim 11, further comprising:

performing by the RFQ computer system programmed with code stored in the memory and executing by a processor of the RFQ computer system to further configure the RFQ computer system into the machine;

creating said electronic RFQ using said information located within said file.

13. The method of claim 1, wherein the RFQ computer system is coupled to a network of interconnected computing systems.

14. A non-transitory, computer readable medium that comprises code stored therein and executable by one or more first data processors to configure a computer system into an intermediary request for quote (RFQ) computer system in a system architecture of a client computer system, the RFQ computer system, and one or more merchant computer systems to automatically generate an electronic RFQ, wherein the code when executed by the RFQ computer system configures the RFQ computer system into a machine for:

receiving electronic product selection data representing one or more selected products and a quantity for each selected product to be included in the electronic RFQ, wherein each of the products are offered via one or more web pages generated by a second computer system;

receiving an electronic request from a user of the client computer system, coupled to a network of interconnected systems, to generate said electronic RFQ, wherein the RFQ generation request includes product selection data indicating a selection of one or more products by the user and the RFQ generation request is received in response to selection by the user of an electronically selectable user interface component provided to the client computer system by the second computer system to allow the user to request generation of the electronic RFQ generation request;

accessing at least one database at a central storage location to obtain a file associated with said user, said file comprising RFQ fulfillment related preferences of said user for generating said electronic RFQ, wherein one or more of said preferences are selected from the group comprising time until a due date of the RFQ, default service requirements from a merchant, time prior to sending the RFQ, and time until delivery after an order;

populating fields of said electronic RFQ in accordance with said product selection data and preferences;

selecting one or more merchants from a data storage device to receive the RFQ in accordance with the RFQ fulfillment related preferences; and

sending said RFQ to each merchant computer system of each selected merchant via said network.

15. The non-transitory, computer readable medium of claim 14, wherein said request comprises an electronic request.

16. The non-transitory, computer readable medium of claim 14, wherein said preferences comprise default entries for said fields of said electronic RFQ.

17. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

sending a confirmation of said electronic RFQ to said user.

18. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

receiving a response to the electronic RFQ from at least one of the merchant computer systems, wherein the response to the electronic RFQ from at least one of the merchant computer systems comprises product quantity, price, and merchant information.

19. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

preparing a response to the electronic RFQ, wherein preparing the response further comprises;

assessing price information of a product corresponding to the selected one or more products including accessing at least one database of a supplier of the responding merchant, the database having price and availability information regarding the product from the supplier of the merchant, to ascertain a cost of the product from the supplier.

20. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

receiving a response to the RFQ from at least one of the merchant computer systems to whom the RFQ was directed.

21. The non-transitory, computer readable medium of claim 14 wherein the code in the RFQ computer system further includes code to cause the RFQ computer system to receive one or more quotes in response to said electronic RFQ.

22. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

permitting said user to modify said file.

23. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

transmitting said file to the database for storage.

24. The non-transitory, computer readable medium of claim 14 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

accessing said file upon receipt of electronic RFQ generation request.

25. The non-transitory, computer readable medium of claim 24 wherein the code stored therein and executable by the one or more first data processors further configures the RFQ computer system into a machine for:

creating said electronic RFQ using said information located within said file.

26. An apparatus comprising:

one or more data processors;

a non-transitory, computer readable medium, coupled to the processor, that comprises code stored therein and executable by one or more first data processors to configure the apparatus into an intermediary request for quote (RFQ) computer system in a system architecture of a client computer system, the RFQ computer system, and one or more merchant computer systems to automatically generate an electronic RFQ, wherein the RFQ computer system is configured to;

receive electronic product selection data representing one or more selected products and a quantity for each selected product to be included in the electronic RFQ, wherein each of the products are offered via one or more web pages generated by a second computer system;

receive an electronic request from a user of the client computer system, coupled to a network of interconnected systems, to generate said electronic RFQ, wherein the RFQ generation request includes product selection data indicating a selection of one or more products by the user and the RFQ generation request is received in response to selection by the user of an electronically selectable user interface component provided to the client computer system by the second computer system to allow the user to request generation of the electronic RFQ generation request;

access at least one database at a central storage location to obtain a file associated with said user, said file comprising RFQ fulfillment related preferences of said user for generating said electronic RFQ, wherein one or more of said preferences are selected from the group comprising time until a due date of the RFQ, default service requirements from a merchant, time prior to sending the RFQ, and time until delivery after an order;

populate fields of said electronic RFQ in accordance with said product selection data and preferences;

select one or more merchants from a data storage device to receive the RFQ in accordance with the RFQ fulfillment related preferences; and

send said RFQ to each merchant computer system of each selected merchant via said network.

27. The apparatus of claim 26, wherein said request comprises an electronic request.

28. The apparatus of claim 26, wherein said preferences comprise default entries for said fields of said electronic RFQ.

29. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

send a confirmation of said electronic RFQ to said user.

30. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

receive a response to the electronic RFQ from at least one of the merchant computer systems, wherein the response to the electronic RFQ from at least one of the merchant computer systems comprises product quantity, price, and merchant information.

31. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

prepare a response to the electronic RFQ, wherein preparing the response further comprises;

assessing price information of a product corresponding to the selected one or more products including accessing at least one database of a supplier of the responding merchant, the database having price and availability information regarding the product from the supplier of the merchant, to ascertain a cost of the product from the supplier.

32. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

receive a response to the RFQ from at least one of the merchant computer systems to whom the RFQ was directed.

33. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

receive one or more quotes in response to said electronic RFQ.

34. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

permit said user to modify said file.

35. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

transmit said file to the database for storage.

36. The apparatus of claim 26 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

access said file upon receipt of electronic RFQ generation request.

37. The apparatus of claim 36 wherein the code stored in the non-transitory, computer readable medium and executable by the one or more first data processors further configures the apparatus into a machine that is configured to:

create said electronic RFQ using said information located within said file.