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System and method for purchasing products through bidding online

  • US 20040205016A1
  • Filed: 04/12/2004
  • Published: 10/14/2004
  • Est. Priority Date: 04/11/2003
  • Status: Abandoned Application
First Claim
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1. A system for purchasing products through bidding online, the system comprising a corporation website, an application server, a database linking to the application server through a connection, a plurality of client computers linking to the corporation website through a network, and a plurality of supplier computers linking to the corporation website through an external network, wherein the application server comprises:

  • a supplier data management module for maintaining basic information on suppliers and their products, and for selecting a plurality of suitable suppliers according to information on products to be purchased;

    a price inquiring/quoting/price negotiating management module for inquiring of prices, receiving quotations from selected suppliers, negotiating prices, and generating price-related records;

    an online bidding management module for opening a bid, comparing bidding results according to price-related records, determining a winning supplier, granting a winning bid to the winning supplier, and generating bid-related records; and

    a contract management module for signing procurement contracts with winning suppliers online, and for maintaining the procurement contracts.

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