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System and method for creating catalog neutral products

  • US 20020111895A1
  • Filed: 02/15/2001
  • Published: 08/15/2002
  • Est. Priority Date: 02/15/2001
  • Status: Abandoned Application
First Claim
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1. A method of procuring functionally equivalent components, over a network, based on aggregated orders from multiple buyers, comprising the steps of:

  • receiving a plurality of orders to procure components for a plurality of buyers, wherein each order includes identifying information and a volume required for each component in the order;

    generating a generic specification for each component and assigning a unique number to each group of functionally equivalent components, wherein for each group of functionally equivalent components there is one unique number and a plurality of supplier generated functional part numbers; and

    aggregating all orders for each group of functionally equivalent components having the same unique number wherein suppliers of the aggregated functionally equivalent components submit bids to supply the components to the buyers.

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