Pooled Transaction System

• US 20100004978A1
• Filed: 06/17/2009
• Published: 01/07/2010
• Est. Priority Date: 09/21/1999
• Status: Active Grant

• Current Assignee: LG Display Co., Ltd.
• Original Assignee: LG Display Co., Ltd.
• Inventors: Monsanto, Raphael A., Pickard, Stuart G.
• Granted Patent: US 8,032,422 B2
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A method of transacting sales over a computerized network correlates in a first database record the first product and the first purchaser to form a pool; further correlates a plurality of second purchasers; issues an offer to a vendor to purchase the first product at a first offer price; and consummates a transaction between the vendor and the first and second purchasers. A first commitment price is calculated in response to a time rate of the filling of the pool. The first commitment price may be responsive to historical sales performance of the first product; a price trend of an article similar to the first article; or a price trend of the first article itself over time. A second product desired to be purchased by a first purchaser is defined. An offer is made to a vendor to purchase the second product. A consolidated report is presented to the purchaser.

Claims

1. A method of transacting sales over a computerized network, the method comprising the steps of:

defining a first product desired to be purchased by a plurality of first purchasers;

calculating a first commitment price;

correlating in a first database record the first product and the first purchasers;

identifying a time rate at which said step of correlating in a first database record is performed;

further correlating in respective ones of a plurality of first database records the first product and respective ones of a plurality of second purchasers;

issuing an offer to a vendor to purchase the first product at a first offer price in a quantity responsive to a number of first database records; and

consummating a transaction between the vendor and the first and second purchasers.

2. The method of claim 1, wherein there is further provided the step of identifying a time rate at which said step of further correlating in a first database record is performed.

3. The method of claim 1, wherein said step of calculating a first commitment price is responsive to the number of first purchasers that are correlated in said step of correlating in a first database record the first product and the first purchasers prior to performing said step of calculating a first commitment price.

4. The method of claim 1, wherein said step of calculating a first commitment price is responsive to historical sales performance of the first product.

5. The method of claim 1, wherein said step of calculating a first commitment price is responsive to a price trend of an article similar to the first article.

6. The method of claim 5, wherein said step of calculating a first commitment price is responsive to a price trend of the first article.

7. The method of claim 1, wherein there are further provided the steps of:

defining a second product desired to be purchased by at least one of the first purchasers; and

correlating in a second database record the second product and the least one first purchaser.

8. The method of claim 7, wherein there is further provided the step of further correlating in respective ones of a plurality of second database records the second product and respective ones of a plurality of third purchasers.

9. The method of claim 8, wherein there is further provided the step of issuing a further offer to a vendor to purchase the second product at a second offer price in a quantity responsive to the plurality of second database records.

10. The method of claim 9, wherein there is further provided the step of formulating a first consolidated report for presentation to the first purchaser responsive to the first and second offer prices.

11. The method of claim 8, wherein there is further provided the step of formulating a first consolidated report for presentation to the first purchaser responsive to the first and second database records.

12. A method of transacting sales over a computerized network, the method comprising the steps of:

defining a first product desired to be purchased by a first purchaser;

calculating a first commitment price in response to historical sales performance of the first product and recorded vendor prices;

correlating in a first database record the first product and the first purchaser;

further correlating in respective ones of a plurality of first database records the first product and respective ones of a plurality of second purchasers;

identifying a time rate at which said step of further correlating is performed; and

enabling a vendor of products having a predetermined similarity to the first product to search the product database.

13. The method of claim 12, wherein there is further provided the step of enabling the first purchaser to search a product database for a pre-existing database record associated with a second product having a relationship to the first product that is acceptable to the first purchaser.

14. The method of claim 12, wherein said step of identifying a time rate at which said step of further correlating is performed is responsive to the number of second purchasers that are correlated in the first database record to the first product in a determined period of time.

15. The method of claim 12, wherein there is further provided the step of consummating a transaction between the vendor and at least some of the first and second purchasers.

16. The method of claim 15, wherein, prior to performing said step of consummating a transaction there is provided the further step of consummating a transaction between at least one vendor for a quantity of the first product responsive to a predetermined portion of the total number of first database records.

17. The method of claim 16, wherein, prior to performing said step of consummating a transaction there is provided the further step of consummating a transaction between at least one vendor for a quantity of the first product responsive to the total number of first database records.

18. A method of including a prospective purchaser in a pool in a computerized network transaction system, the method comprising the steps of:

defining pool parameters responsive to a purchase desired to be made by the purchaser;

inactive searching an inactive pools database for an inactive pool having a pool characteristic resembling the pool parameters;

inactive presenting a first matching inactive pool discovered in response to said step of inactive searching; and

forming a new pool having new pool parameters similar to the first matching inactive pool.

19. The method of claim 18, wherein there is further provided the step of commitment price calculating a new pool commitment price.

20. The method of claim 19, wherein there are further provided the steps of:

obtaining a commitment by the purchaser to purchase a product defined by the new pool parameters at the new pool commitment price;

installing the purchaser in the new pool; and

identifying a time rate at which the new pool is populated with purchasers.