Sourcing system and method
First Claim
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1. An electronic bidding system, comprising:
- means for enabling each of a plurality of vendors to submit bids on at least two parameters associated with a product;
means for calculating the total cost of the product to a purchaser for each vendor in response to the vendors bids, the total cost taking into account the at least two parameters associated with the product; and
means for outputting each of the vendors bids and the total cost of the product to the purchaser.
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Abstract
One aspect of the invention is an electronic auction system. The electronic auction system comprises computer software that is operable to receive multiple parameter bids on at least one product from a plurality of vendors. The software is further operable to calculate the total cost of the product to the purchaser in response to each vendor'"'"'s bid according to a total cost formula.
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Citations
32 Claims
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1. An electronic bidding system, comprising:
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means for enabling each of a plurality of vendors to submit bids on at least two parameters associated with a product;
means for calculating the total cost of the product to a purchaser for each vendor in response to the vendors bids, the total cost taking into account the at least two parameters associated with the product; and
means for outputting each of the vendors bids and the total cost of the product to the purchaser. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An electronic auction system, comprising:
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a computer readable storage medium;
software stored on the computer readable storage medium and operable to receive bids from a plurality of vendors, each bid comprising a plurality of parameters associated with at least one product, calculate the total cost of the at least one product to a purchaser for each vendor in response to the vendors bids, the total cost taking into account the plurality of parameters associated with the at least one product, and output each of the vendors bids and the total cost of the product to the purchaser. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 26, 27, 28, 29, 30, 31, 32)
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25. A method of conducting an on-line auction, comprising:
receiving bids from a plurality of vendors, each bid comprising a plurality of parameters associated with at least one product, calculating, using a computer, the total cost of the at least one product to a purchaser for each vendor in response to the vendors'"'"' bids, the total cost taking into account the plurality of parameters associated with the at least one product, and outputting, using the computer, each of the vendors bids and the total cost of the product to the purchaser.
Specification