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Methods and apparatus for an auction system with interactive bidding

  • US 20050240507A1
  • Filed: 04/26/2004
  • Published: 10/27/2005
  • Est. Priority Date: 04/26/2004
  • Status: Active Grant
First Claim
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1. A computer-implemented method to assist prospective suppliers with responding to an issued requisition over a computer network, said method comprising:

  • receiving, from at least one prospective supplier, a plurality of bids responsive to the requisition;

    determining at least one initial winning bid selected from the received bids that at least partially satisfies the requisition;

    determining at least one proposed bid using the received plurality of bids, the at least one proposed bid, if adopted, constituting a new winning bid; and

    making the at least one proposed bid available to at least one prospective supplier other than a supplier from which an initial winning bid was received.

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