Electronic brokerage system and methods of performing the same

• US 20060031085A1
• Filed: 07/29/2005
• Published: 02/09/2006
• Est. Priority Date: 07/30/2004
• Status: Active Grant

• Current Assignee: Fastxchange Incorporated
• Original Assignee: Fastxchange Incorporated
• Inventors: Postel, Paul, Adimoolam, Murali, Chen, Jinbo
• Granted Patent: US 8,244,736 B2
• Time in Patent Office: Days
• US Class Current: 705/1.100
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 30/0603 Catalogue ordering

Abstract

A method of determining an optimized supplier list for a consumer using a web based client-server system is described. The method provides for receiving a query from a user and assigning a policy to the query. A search step and an evaluation step are then performed. Additional optional operational steps are provided to enhance the users buying efficiency.

Claims

1. A method of determining an optimized supplier list for a consumer using a web based server-client computer system, the method comprising the steps of:

(a) receiving a query from a user through a web portal, said query having information for one or more goods;

(b) assigning a policy to said query, the policy having one or more search method(s) and a one or more evaluation methods;

(c) executing said search method(s) to perform a correlation operation on a partitioned database to produce a correlation list between said goods and one or more suppliers; and

(d) evaluating said correlation list using said evaluation method(s) to produce an optimized supplier list.

2. The method of claim 1, wherein said optimized supplier list is returned to said consumer through said web portal.

3. The method of claim 2, further comprising the step of:

(e) obtaining valid quotes from one or more suppliers identified on said optimized supplier list.

4. The method of claim 3, further comprising the step of:

(f) purchasing the good(s) from the supplier(s) for delivery to the user.

5. The method of claim 1, wherein said partitioned database as described in step (c) is a dynamic database.

6. The method of claim 5, wherein said dynamic database further comprises a plurality of associated data structures.

7. The method of claim 5, wherein said dynamic database is updated using information obtained through said one or more search method(s).

8. The method of claim 5, wherein said dynamic database is updated using information obtained through said one or more evaluation method(s).

9. The method of claim 1, wherein said search method comprises a mathematical operation used to determine probabilities between variables.

10. A computer readable medium containing instructions for controlling a computer system for producing an optimized supplier list, the instructions providing for:

(a) receiving a query from a user through a web portal, said query having information for one or more goods;

(b) assigning a policy to said query, the policy having one or more search method(s) and a one or more evaluation methods;

(c) executing said search method(s) to perform a correlation operation on a partitioned database to produce a correlation list between said goods and one or more suppliers; and

(d) evaluating said correlation list using said evaluation method(s) to produce an optimized supplier list.