System and method for electronic quotation collaboration over internet
First Claim
1. A method for automating the bid process of procurement, comprising:
- a. providing an automated means to periodically alert buyers to post Requests for Quotations for needed materials;
b. providing an electronic marketplace for said buyers and related vendors to negotiate quotations given in response to said Requests For Quotations;
c. providing a programmed means to generate a price comparison analysis between the negotiated quotation response to said requests for quotations and previous quotation and usage data;
d. providing update means for said buyers to electronically confirm the quotations;
e. providing a plurality of data forms within accessible databases to facilitate automation of the method.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method for electronic quotation collaboration over the Internet. It is integrated with the corporate purchasing computer system and buyers can be automatically and periodically notified of an optimum time to issue a Request For Quotations for specific needed materials. Buyers can then easily post this Request for Quotations on a private, secure corporate Web site that acts as an electronic marketplace where buyers and related vendors can negotiate quotations. Related vendors are automatically notified by e-mail of the Request For Quotations and asked to respond on the Web site. After quotation negotiation, the system can generate a price analysis report using past quotation information. Buyers and managers can then use this report in their decision-making process. Quotations are automatically updated. Related information records in the corporate computer system are automatically updated as well. The entire process is automatically logged and easily tracked.
25 Citations
28 Claims
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1. A method for automating the bid process of procurement, comprising:
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a. providing an automated means to periodically alert buyers to post Requests for Quotations for needed materials;
b. providing an electronic marketplace for said buyers and related vendors to negotiate quotations given in response to said Requests For Quotations;
c. providing a programmed means to generate a price comparison analysis between the negotiated quotation response to said requests for quotations and previous quotation and usage data;
d. providing update means for said buyers to electronically confirm the quotations;
e. providing a plurality of data forms within accessible databases to facilitate automation of the method. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system for automating the bid process of procurement, comprising of:
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a. a means to automatically alert buyers to post Requests For Quotations for needed materials;
b. a means to provide an electronic marketplace for price negotiation between said buyers and said related vendors of responses to said Requests For Quotations;
c. a means to generate a price comparison analysis between the negotiated response to said Requests For Quotations and previous quotation and usage data;
d. a means to automatically update said centralized computer system with confirmed quotation information;
e. a means to store a plurality of data forms - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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Specification