Customizable group initiative

• US 20020103746A1
• Filed: 09/11/2001
• Published: 08/01/2002
• Est. Priority Date: 09/11/2000
• Status: Abandoned Application

• Current Assignee: Mygroupbuy Incorporated
• Original Assignee: Mygroupbuy Incorporated
• Inventors: Moffett, Robert P. Jr.
• Application Number:
  US09/953,586
• Publication Number:
  US 20020103746A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A group initiative that enables the establishment and control of a group by members of the group, while allowing the personalized requirements of individual members to be maintained as the group pursues the advantages of the collective bargaining power of the group as a whole. One aspect of the present invention is a group initiative for collective bargaining for purchases. Buyers in a particular purchasing group maintain their individuality by defining differing purchasing requirements such as product or service specifications, contract terms, delivery schedules, etc. while they simultaneously present themselves as a cohesive and committed group to the seller community. Sellers also maintain individuality in responding to each buyer in the group with different pricing based on each buyer'"'"'s requirements and buying profile considering such factors as volumes purchased, payment terms and cost of servicing each potential account in the group.

Claims

1. A method of executing a group initiative, which enables the establishment and control of a group by members of the group, while allowing the personalized requirements of individual members to be maintained as the group pursues the advantages of the collective bargaining power of the group as a whole, said method comprises the step of:

members defining differing positions within the same category of issues to be negotiated with sellers;

members offering said positions for consideration by sellers;

sellers responding individually to the members with counter-offers;

members accepting a counter-offer from a seller that met all the positions of the buyers.