System and method for controlling electronic bidding across different time zones

• US 20050209952A1
• Filed: 07/16/2004
• Published: 09/22/2005
• Est. Priority Date: 07/18/2003
• Status: Abandoned Application

• Current Assignee: SAP AG (SAP SE)
• Original Assignee: SAP AG (SAP SE)
• Inventors: Kanna, Venkatesan, Takahashi, Sumiko
• Application Number:
  US10/892,378
• Publication Number:
  US 20050209952A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system and method for controlling bids between buyers and sellers accounts for differences in time zones between participants. In a buyer terminal, a buyer appoints a provisory bid closing time prior to a bid closing time. A bid control system computes a time of a specified preliminarily closing time in a time zone to which a nominated trader belongs. Supplier terminals display the computed time as the bid closing time.

Claims

1. A bid control system connected to a buyer terminal on a buyer side and a supplier terminal on a supplier side via a network in order to control bidding, comprising:

a supplier information storage section storing an identifier for the supplier and a time zone for the supplier;

a bid request edit page offering section offering to said buyer terminal information related to a bid request edit page including a principal bid closing time as an input item;

a bid closing time computing section specifying a time zone for a nominated trader related with an identifier of the nominated trader by referring to storage information of said supplier information storage section, and computing a time of a principal bid closing time appointed by said buyer in the time zone for said nominated trader using said bid request edit page, based on the time zone for said nominated trader and the time zone for said buyer to whom said bid request edit page is offered by said bid request edit page offering section; and

a bid request guide page offering section offering to the supplier terminal of said nominated trader a bid request guide page in which a displayed bid closing time is the time computed by said bid closing time computing section.

2. The bid control system according to claim 1, wherein said bid request edit page further comprises:

a provisory bid closing time prior to said principal bid closing time, as an input item, and

said bid closing time computing section computing a time of said provisory bid closing time in the time zone for said nominated trader instead of said principal bid closing time.

3. A bid control method conducted in a bid control system connected to a buyer terminal on a buyer side and a supplier terminal on a supplier side via a network, comprising:

storing an identifier for the supplier and a time zone for said supplier;

offering to said storing terminal information related to a bid request edit page including a principal bid closing time as an input item;

specifying a time zone for a nominated trader related with an identifier of the nominated trader by referring to information stored in said supplier information storing step;

computing a time of the principal bid closing time appointed by said buyer in the time zone for said nominated trader using said bid request edit page, based on the time zone for said nominated trader and the time zone for said buyer to whom said bid request edit page is offered in said bid request edit page offering step; and

offering to the supplier terminal of said nominated trader a bid request guide page in which a displayed bid closing time is the time computed in said bid closing time computing step.

4. The bid control method according to claim 3, wherein said bid request edit page further includes a provisory bid closing time prior to said principal bid closing time, as an input item, and said computing a time of the principal bid closing time further comprises computing a time of said provisory bid closing time in the time zone for said nominated trader instead of said principal bid closing time.

5. A computer-readable medium on which is stored a set of instructions for controlling bidding in a bid control system connected to a buyer terminal on a buyer side and a supplier terminal on a supplier side via a network, which instructions when executed perform stages comprising:

storing an identifier for the supplier and a time zone for said supplier;

offering to said storing terminal information related to a bid request edit page including a principal bid closing time as an input item;

specifying a time zone for a nominated trader related with an identifier of the nominated trader by referring to information stored in said supplier information storing step;

computing a time of the principal bid closing time appointed by said buyer in the time zone for said nominated trader using said bid request edit page, based on the time zone for said nominated trader and the time zone for said buyer to whom said bid request edit page is offered in said bid request edit page offering step; and

offering to the supplier terminal of said nominated trader a bid request guide page in which a displayed bid closing time is the time computed in said bid closing time computing step.

6. The computer-readable medium according to claim 5, wherein said bid request edit page further includes a provisory bid closing time prior to said principal bid closing time, as an input item, and said computing a time of the principal bid closing time further comprises computing a time of said provisory bid closing time in the time zone for said nominated trader instead of said principal bid closing time.