METHOD AND SYSTEM FOR REVENUE PER REVERSE REDIRECT

• US 20090228339A1
• Filed: 03/05/2009
• Published: 09/10/2009
• Est. Priority Date: 03/05/2008
• Status: Abandoned Application

• Current Assignee: Vendor Quest, LLC
• Original Assignee: Vendor Quest, LLC
• Inventors: Wolf, David, Fraser, Scott
• Application Number:
  US12/398,584
• Publication Number:
  US 20090228339A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method and system for a reverse online auction process include a dynamic rules-based configuration step. Question-and-answer sets having branches to other questions based on configured rules are generated. Vendor registrations are received from vendors, including vendor product and service information, vendor contact information, and vendor content. A vendor profile is created and stored for each vendor based the product and service information and on answers provided by the vendor to the question and answer sets. Client request leads received from clients are automatically matched to the vendor profile information to determine one or more selected vendors who receive the lead information. However, the received lead information excludes client contact information. Vendors may accept an opportunity to bid for the lead and thereby become candidate vendors. Candidate vendors may submit a bid for the lead, and at least one winning bidder is determined from the candidate vendors.

Claims

1. A computer-implemented reverse online auction method, the method comprising:

receiving a vendor registration from each of a plurality of vendors, wherein receiving a vendor registration comprises;

receiving vendor product and service information;

receiving vendor contact information; and

storing the received vendor product and service information and the received vendor contact information in a database;

receiving a client request lead from a client, the client request lead comprising a request for proposal (RFP) or a request for quote (RFQ), wherein receiving a client request lead comprises;

receiving proposed project information if the client request lead is an RFP;

receiving vendor product information if the client request lead is an RFQ; and

storing the received proposed project information and the received vendor product information in the database;

distributing selected client request lead information from the database to at least one of the plurality of vendors, the selected client request lead information providing information identifying the RFP or the RFQ, and the selected client request lead information excluding client contact information;

accepting an opportunity to bid for the distributed client request lead by at least one of the plurality of vendors receiving the distributed selected client request lead information;

submitting a bid for the distributed client request lead by at least one of the plurality of vendors accepting the opportunity to bid;

determining at least one winning bidder from the at least one of the plurality of vendors submitting a bid for the client request lead; and

providing client contact information to at least one winning bidder.

2. The method according to claim 1, further comprising:

receiving vendor content, the vendor content including advertising material for the associated vendor; and

creating and storing a vendor profile for each vendor based on the received product and service information of the associated vendor.

3. The method according to claim 2, further comprising:

automatically matching the client request lead information to the plurality of vendors based on the created vendor profiles to determine selected matching vendors, wherein distributing selected client request lead information comprises distributing the selected client request lead information only to the selected matching vendors.

4. The method according to claim 3, further comprising:

automatically generating an index rating for each of the plurality of vendors, by a learning algorithm, wherein the index rating is based on the vendor profile, the vendor products and services, and the vendor content.

5. The method according to claim 4, wherein automatically matching the client request lead information to the plurality of vendors further comprises:

performing a rules-based matching of the client request lead information to the plurality of vendors based on the created vendor profiles, characteristics of the vendors, the index rating, and characteristics of the client request lead to determine the selected matching vendors.

6. The method according to claim 2, further comprising:

automatically matching the client request lead information to the plurality of vendors based on the created vendor profiles to find candidate matching vendors;

providing to the client a candidate list including the candidate matching vendors; and

choosing, by the client, selected matching vendors from the candidate list, wherein distributing selected client request lead information comprises distributing the selected client request lead information only to the selected matching vendors.

7. The method according to claim 6, further comprising:

notifying the client if no candidate matching vendors are found.

8. The method according to claim 6, further comprising:

storing client feedback information provided by the selected vendors regarding the client;

storing vendor feedback information provided by the client regarding at least one of the selected vendors;

displaying the stored vendor feedback information to the client; and

displaying the stored client feedback information to the selected vendors.

9. The method according to claim 6, further comprising:

generating and storing a lead purchase record in a vendor fees database for the at least one of the plurality of vendors accepting the opportunity to bid, the lead purchase record including charge information related to the acceptance of the opportunity to bid.

10. The method according to claim 9, further comprising:

evaluating each of the submitted bids based on a bid profile, a search profile, bid history from previous submitted bids, and a bid ranking, the bid ranking based on a range of bids for each of the plurality of vendors;

sorting the evaluated bids; and

determining at least one high bidder based on the sorted bids.

11. The method according to claim 10, further comprising:

limiting the number of vendors accepting the opportunity to bid to a predetermined number of bidders; and

billing each of the vendors accepting the opportunity to bid.

12. The method according to claim 11, wherein billing each of the vendors comprises:

determining a billing amount equal to a lowest bid submitted by the at least one high bidder.

13. A computer-implemented reverse online auction method, the method comprising:

performing a dynamic rules-based configuration;

receiving a vendor registration from each of a plurality of vendors, and storing the vendor registration in a database;

creating and storing in the database, a vendor profile for each vendor based on answers to a plurality of question-and-answer sets provided by the vendor, and based on product and service information received from the associated vendor;

receiving a client request lead from a client;

automatically matching the client request lead information to the plurality of vendors to determine at least one selected vendor;

distributing selected client request lead information to only the at least one selected vendor, the selected client request lead information excluding client contact information;

accepting an opportunity to bid for the distributed client request lead by at least one of the selected vendors, the selected vendors accepting the opportunity to bid becoming candidate vendors;

submitting a bid for the distributed client request lead by at least one of the candidate vendors accepting the opportunity to bid;

determining at least one winning bidder from the at least one of vendors submitting a bid for the client request lead; and

providing client contact information to at least one winning bidder.

14. The method according to claim 13, wherein:

the performing a dynamic rules-based configuration comprises;

generating the plurality of question-and-answer sets, the question-and-answer sets including branching to other questions based on configured rules;

organizing the question-and-answer sets based on industry specific information from each vendor, the question-and-answer sets organized from a low level of detail to a high level of detail based on information provided by the vendor; and

configuring rules for defining a linking order of the question-and-answer sets; and

the receiving a vendor registration from each of a plurality of vendors comprises;

receiving the vendor product and service information;

receiving vendor contact information;

receiving vendor content, the vendor content including advertising material for the associated vendor; and

storing the received vendor product and service information, the received vendor contact information, and the received vendor content in the database.

15. The method according to claim 14, wherein automatically matching the client request lead information comprises:

transforming the client request lead information into keyword metadata and categories and selecting vendors with a highest relative index to the keyword metadata;

ranking the request information into sets of criteria;

performing a matching evaluation of vendors based on client lead profile characteristics;

calculating an aggregate score for the vendors based on the matching evaluation; and

selecting the top vendors as the selected matching vendors based on the aggregate score.

16. The method according to claim 15, further comprising:

accessing the keyword metadata by a learning algorithm which applies defined training scenarios during the ranking to organize the request information into categories.

17. The method according to claim 14, further comprising:

providing to the client a candidate list including the candidate vendors; and

choosing, by the client, selected matching vendors from the candidate list, wherein distributing selected client request lead information comprises distributing the selected client request lead information only to the selected matching vendors.

18. The method according to claim 17, further comprising:

adding, by the client, a vendor other than a candidate vendor to the candidate list.

19. The method according to claim 17, further comprising:

evaluating each of the submitted bids based on a bid profile, a search profile, bid history from previous submitted bids, and a bid ranking, the bid ranking based on a range of bids for each of the plurality of vendors;

sorting the evaluated bids;

determining at least one high bidder based on the sorted bids;

limiting the number of vendors accepting the opportunity to bid to a predetermined number of bidders; and

billing each of the vendors accepting the opportunity to bid.

20. A system for performing a reverse online auction, comprising:

a server system, comprising;

a computer system;

a network interface for communicating with at least one of a client system and a vendor system;

a user interface;

a storage system for storing at least one database utilized by the server system, the at least one database; and

a database server in communication with the server system for performing database retrieval and storage functions;

wherein the server system is configured to perform a reverse online auction comprising the steps of;

performing a dynamic rules-based configuration comprising;

generating and storing on the storage system, a plurality of question-and-answer sets, the question and answer sets including branching to other questions based on configured rules;

organizing the question-and-answer sets based on industry specific information from each vendor, the question-and-answer sets organized from a low level of detail to a high level of detail based on information provided by the vendor; and

configuring rules for defining a linking order of the question and answer sets;

receiving via the network interface a vendor registration from each of a plurality of vendors, wherein receiving a vendor registration comprises;

receiving vendor product and service information;

receiving vendor contact information; and

receiving vendor content, the vendor content including advertising material for the associated vendor;

creating and storing on the storage system a vendor profile for each vendor based on answers to the question and answer sets provided by the vendor, and based on the received product and service information of the associated vendor;

receiving via the network interface a client request lead from a client;

automatically matching the client request lead information to the plurality of vendors to determine at least one selected vendor;

distributing via the network interface selected client request lead information to only the at least one selected vendor, the selected client request lead information excluding client contact information;

accepting an opportunity to bid for the distributed client request lead by at least one of the selected vendors, the selected vendors accepting the opportunity to bid becoming candidate vendors;

receiving a bid for the distributed client request lead, the bid submitted by at least one of the candidate vendors accepting the opportunity to bid;

determining at least one winning bidder from the at least one of vendors submitting a bid for the client request lead; and

providing client contact information to the at least one winning bidder.