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System and method for web-based procurement

  • US 20060047598A1
  • Filed: 08/31/2004
  • Published: 03/02/2006
  • Est. Priority Date: 08/31/2004
  • Status: Abandoned Application
First Claim
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1. A real-time computer-implemented method for conducting a reverse auction for a maintenance, repair and operation (MRO) component comprising:

  • (a) creating an opportunity wherein said creating comprises generating a bid evaluation form for a buyer, said bid evaluation form comprising a component description and a plurality of buyer selectable bid evaluation parameters including a weight for each of said parameters;

    (b) receiving and storing a completed bid evaluation form from said buyer;

    (c) determining a list of potential suppliers for satisfying said opportunity;

    (d) broadcasting said opportunity to said list of potential suppliers;

    (e) receiving a bid from each of said potential suppliers;

    (f) evaluating said received bids;

    (g) determining a winning bid from said evaluated bids;

    (h) creating a buyer proposal;

    (i) awarding a contract to a selected one of said potential suppliers; and

    (j) selecting a courier for delivering the component to the buyer wherein a bid price is verified through mirrored sourcing, and wherein said mirrored sourcing comprises checking a bid price offered by said potential suppliers against a market price offered by selected non-participating suppliers.

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