SYSTEM AND METHOD FOR IMPLEMENTING A DYNAMIC MARKET

• US 20110125554A1
• Filed: 11/23/2009
• Published: 05/26/2011
• Est. Priority Date: 11/23/2009
• Status: Abandoned Application

• Current Assignee: AT&T Mobility II LLC (AT&T, Inc.)
• Original Assignee: AT&T Mobility II LLC (AT&T, Inc.)
• Inventors: Shaw, Venson M.
• Application Number:
  US12/623,660
• Publication Number:
  US 20110125554A1
• Time in Patent Office: Days
• US Class Current: 705/7.41
• CPC Class Codes: G06Q 10/06395 Quality analysis or management
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation

Abstract

A method and system for implementing a dynamic market system includes registering buyers and vendors of products and components associated with products. Buyers may send purchase requests to a dynamic vending engine, which may forward the purchase requests to vendors. Vendors may respond with sales offers. Buyers and vendors may organize into groups to obtain certain market advantages. When a purchase request for a product sub-system is received, the dynamic vending engine may automatically generate a number of purchase requests for product components included in the product sub-system.

Claims

1. A method for dynamic vending, comprising:

receiving product information, the product information including descriptions of purchasable product components hierarchically associated with individual products;

storing the product information in a central database indexed at least by individual product;

receiving a purchase request from a buyer group to purchase a product component described in the product information, the request indicating a desired quantity of the product component;

in response to transmitting the request to a vendor of the product component, receiving a sales offer from the vendor for the product component; and

providing the buyer group access to the sales offer.

2. The method of claim 1, further comprising:

registering a plurality of buyers for sending purchase requests, said registering including obtaining buyer information and buyer acceptance of business terms for dynamic vending.

3. The method of claim 1, further comprising:

registering a plurality of vendors for sending sales offers, said registering including obtaining vendor information and vendor acceptance of business terms for dynamic vending, wherein the vendor information includes descriptions of product components sold by individual ones of the plurality of vendors.

4. The method of claim 1, further comprising:

receiving a purchase request from a buyer for a product sub-system; and

based on the purchase request for the sub-system, generating a plurality of purchase requests for respective product components included in the product sub-system.

5. The method of claim 1, further comprising:

identifying buyers requesting to purchase the same product component and allowing the identified buyers to join the buyer group.

6. The method of claim 1, further comprising:

enabling the buyer group to execute a sales transaction based on the sales offer.

7. Computer-readable memory media, including instructions for implementing a dynamic market system, said instructions executable to:

register a plurality of buyers for sending purchase requests, including obtaining buyer information and buyer acceptance of business terms for dynamic vending;

register a plurality of vendors for sending sales offers, including obtaining vendor information and vendor acceptance of business terms for dynamic vending, wherein the vendor information includes descriptions of product components sold by individual ones of the plurality of vendors;

receive product information, including descriptions of purchasable product components hierarchically associated with individual products;

receive a purchase request from a buyer group to purchase a product component described in the product information, the request indicating a desired quantity of the product component;

responsive to transmitting the request to a vendor group offering the product component, receive a sales offer from the vendor group for the product component;

responsive to providing the buyer group access to the sales offer, enable the buyer group to accept the sales offer; and

responsive to the buyer group accepting the sales offer, enable the buyer group to initiate a sales transaction based on the sales offer.

8. The memory media of claim 7, further comprising instructions executable to:

identify registered buyers requesting to purchase the product component;

enable the identified buyers to join the buyer group;

identify registered vendors offering to sell the product component; and

enable the identified vendors to join the vendor group.

9. The memory media of claim 7, further comprising instructions executable to:

receive a purchase request from a buyer for a product sub-system; and

based on the purchase request for the sub-system, generate a plurality of purchase requests for product components included in the product sub-system.

10. The memory media of claim 9, further comprising instructions executable to:

obtain a respective plurality of sales offers for the plurality of purchase requests for product components included in the product sub-system.

11. The memory media of claim 10, further comprising instructions executable to:

combine the respective plurality of sales offers into an aggregate sub-system offer; and

enable the buyer to access the aggregate sub-system offer.

12. The memory media of claim 11, further comprising instructions executable to:

responsive to the buyer indicating an acceptance of the aggregate sub-system offer, send a respective plurality of purchase orders corresponding to the plurality of sales offers for product components included in the product sub-system.

13. A service for implementing a dynamic market system, comprising:

registering a plurality of buyers for sending purchase requests, including obtaining buyer information and buyer acceptance of business terms for dynamic vending;

registering a plurality of vendors for sending sales offers, including obtaining vendor information and vendor acceptance of business terms for dynamic vending, wherein the vendor information includes descriptions of product components sold by individual ones of the plurality of vendors;

receiving product information, including descriptions of purchasable product components hierarchically associated with individual products;

receiving a purchase request from a buyer group to purchase a product component described in the product information, the request indicating a desired quantity of the product component;

responsive to transmitting the request to a vendor group offering the product component, receiving a sales offer from the vendor group for the product component; and

responsive to providing the buyer group access to the sales offer, enabling the buyer group to execute a sales transaction based on the sales offer.

14. The service of claim 13, further comprising:

identifying registered buyers requesting to purchase the product component; and

enabling the identified buyers to join the buyer group.

15. The service of claim 13, further comprising:

identifying registered vendors offering to sell the product component; and

enabling the identified vendors to join the vendor group.

16. The service of claim 13, further comprising:

receiving a purchase request from a buyer for a product sub-system; and

based on the purchase request for the sub-system, generating a plurality of purchase requests for respective product components included in the product sub-system.

17. The service of claim 16, further comprising:

obtaining a respective plurality of sales offers for the plurality of purchase requests for product components included in the product sub-system;

combining the respective plurality of sales offers into an aggregate sub-system offer; and

enabling the buyer to access the aggregate sub-system offer.

18. The service of claim 17, further comprising:

responsive to the buyer indicating an acceptance of the aggregate sub-system offer, sending a respective plurality of purchase orders corresponding to the plurality of sales offers for product components included in the product sub-system.

19. The service of claim 13, further comprising:

enabling registered buyers and registered vendors to access market information associated with the product components, wherein the market information includes at least one of;

geographical sales information, currency information, market volume information, price information, quantity information, discount information, bid-value information, ask-value information, buyer information, and vendor information.

20. The service of claim 13, further comprising:

enabling registered buyers and registered vendors to access a market analysis describing an anticipated market condition with respect to the product components.