Business capacity transaction management system

• US 20020174050A1
• Filed: 12/27/2000
• Published: 11/21/2002
• Est. Priority Date: 12/27/2000
• Status: Abandoned Application

• Current Assignee: Myoem Incorporated
• Original Assignee: Myoem Incorporated
• Inventors: Eynard, James, Liu, Hongliang Philip
• Application Number:
  US09/748,909
• Publication Number:
  US 20020174050A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A business transaction capacity management system provides an exchange for dynamically defined services to be exchanged among parties that have met standards imposed upon themselves. The system provides controls for reducing the risk of participating in a project and for limiting participation to buyers and sellers that meet criteria that are recognized in a trading community. The system facilitates the description of new goods and/or services being offered for exchange in terms developed by a trading community that are recognized in that trading community as commercially reasonable and facilitates user-defined qualifications for various limits to bring about further or different cooperation among the system'"'"'s users.

Claims

1. A method for auctioning a business capacity, the method comprising:

forming a first group for registered users wherein membership criteria requires an applicant to supply a name and an email address;

nomination requires a system administrator to investigate and provide findings as to the authenticity of the name and email address and to produce findings; and

nomination is automatic on existence of valid findings;

forming a second group for registered entities wherein membership criteria requires an applicant to supply a name of the entity, at least one registered user as an agent of the entity authorized to make binding commitments on behalf of the entity;

nomination requires a system administrator to investigate and provide findings as to the authenticity of the entity name, its financial status, the relationship between the registered user and the entity, and produce findings; and

nomination requires a system administrator to audit the findings and approve acceptable findings for nomination;

forming a third group for a conference wherein membership criteria requires an applicant to be a registered user; and

nomination is automatic on validation of applicant as a registered user;

attracting prospects to apply for membership in the first, second, and third groups using network communication;

accepting new members to the first, second, and third groups;

assisting members of the third group to organize a fourth group from among members of the third group, the fourth group having membership criteria defined by members of the third group;

initial membership of the fourth group to include at least one membership investigator, at least one membership auditor, at least one proposal investigator, and at least one proposal auditor;

attracting applications for membership in the fourth group;

accepting new members to the fourth group;

assisting members of the fourth group to propose and nominate by action of the proposal investigator and the proposal auditor at least one business capacity description for a business capacity that is expected to be traded wherein an applicant for membership must state a registered entity name and describe the business capacity within allowable limits in terms that the fourth group members believe to be commercially reasonable;

at least one buyers group membership criteria; and

at least one auction procedure defining the contractual supply obligations of entities related to business capacity being auctioned and contractual payment obligations of a winning bidder;

forming a fifth group for business capacities wherein membership criteria is defined by the nominated business capacity description;

nomination of a business capacity requires investigation and audit by members or delegees of the fourth group;

forming a sixth group for bidders, wherein the fourth group includes the winning bidder;

membership criteria is defined by the nominated bidders group membership criteria;

nomination to membership requires investigation and audit by members or delegees of the fourth group;

attracting registered users to make business capacity applications for membership in the fifth group and sixth group using network communication;

accepting new members to the fifth and sixth groups;

forming an seventh group wherein membership criteria require the business capacity being auctioned to be a member of the fifth group;

nomination requires investigation and audit that the business capacity is indeed available at the time to be auctioned;

investigation and audit being accomplished by members or delegees of the fourth group;

conducting at least one auction of business capacities that are members of the seventh group to bidders that are members of the sixth group;

wherein auctions are conducted according to the nominated auction procedure;

from time to time allowing members of the first group to discuss and offer suggestions to members of the fourth group regarding changes to membership criteria for the fifth and sixth groups; and

from time to time allowing members of the fourth group to revise and nominate new membership criteria for the fifth and sixth groups and for the auction procedure.