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Method and apparatus for efficiently generating electronic requests for quote

  • US 20020198818A1
  • Filed: 05/10/2002
  • Published: 12/26/2002
  • Est. Priority Date: 05/16/2000
  • Status: Active Grant
First Claim
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1. A method of permitting a merchant to automatically respond to an electronic RFQ via a network of interconnected computers, comprising:

  • receiving said electronic RFQ via said network, said electronic RFQ having a plurality of fields, at least one of said plurality of fields comprising a product identifier;

    accessing price information of a product corresponding to said product identifier;

    preparing a response to said electronic RFQ, said response comprising a bid price responsive to said price information, said response further comprising merchant information; and

    electronically delivering said response to a predetermined address, wherein said method is performed on at least one of said interconnected computers.

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