International trading system and method

• US 20050108140A1
• Filed: 07/03/2003
• Published: 05/19/2005
• Est. Priority Date: 11/08/1996
• Status: Abandoned Application

• Current Assignee: Alain L. De La Motte, Brian Lee Brackinreed, Chris Nelson
• Original Assignee: Alain L. De La Motte, Brian Lee Brackinreed, Chris Nelson
• Inventors: Nelson, Chris, Brackinreed, Brian Lee, Motte, Alain L. De La
• Application Number:
  US10/613,907
• Publication Number:
  US 20050108140A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system and method for facilitating transactions involving the sale of goods or services. A standardized product rating system allows the subjective characteristics of a product to be evaluated and objectively rated based on generally accepted levels of quality. The products and factories of suppliers are also evaluated and rated in accordance with the standardized rating system. In one exemplary embodiment, a network of product buyers and suppliers are connected via a computer network. Through remote terminals, buyers submit requests-for-quotes, and suppliers submit bids, both of which specify objective and subjective aspects of a product using the standardized ratings. A network of independent, third-party service providers is also provided. The third-party service providers may place bids, via the computer network, to perform services necessary to execute purchase/sales transactions between the buyer and supplier.

Claims

1. A virtual marketplace for negotiating sales of bulk, non-commodity food products, comprising:

a plurality of remote buyers and suppliers of bulk, non-commodity food products interconnected via an international computer network; and

on a computer connected to the network, software operable to

receive, via the network, an RFQ for a food product from a buyer,

present, via the network, the RFQ to at least some of the suppliers,

receive, via the network, one or more quotes for the food product from one or more of the suppliers, and

present, via the network, at least one of the quotes to the buyer.

2. A method of facilitating on-line transactions involving the sale of a food product having a value to a buyer determined by objective characteristics and subjective characteristics, the method comprising:

establishing a standardized rating system effective to objectively describe relative evaluations of one or more subjective characteristics of the food product;

evaluating one or more subjective characteristics of the food product in accordance with the rating system;

applying a rating from said rating system to each subjective characteristic evaluated; and

transmitting, via a computer network, at least one of

an RFQ for the food product from a buyer, where the RFQ specifies a desired subjective characteristic of the food product according to the corresponding rating of the rating system, or

a quote for the food product from a supplier, where the quote specifies a subjective characteristic of the food product according to the rating applied to the food product.

3. A method of facilitating a transaction involving the purchase of bulk, non-commodity food products, comprising:

displaying, via a computer network system, a plurality of bulk, non-commodity food products to a buyer;

receiving, via a computer network system, a selection identifying one of the food products from the buyer;

displaying, via a computer network system, a list of food-product-quality characteristics corresponding to the selected food product;

receiving, via a computer network system, a selection from the buyer identifying one or more food-product-quality characteristics from the list; and

presenting, via a computer network system, an RFQ specifying the selected food product and the selected food-product-quality characteristics to a plurality of suppliers.