×

SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING

  • US 20110231339A1
  • Filed: 05/27/2011
  • Published: 09/22/2011
  • Est. Priority Date: 06/28/2000
  • Status: Active Grant
First Claim
Patent Images

1. A computer-implemented method for calculating comparison values for evaluating a transaction, the method comprising:

  • receiving, by a computer, at least one request for quote, wherein the request for quote includes a product specification data set that identifies one or more items;

    receiving, by a computer, a plurality of price data sets, wherein each price data set identifies one or more items based on the product specification data set, each price data set including at least a parameter value and a price for the one or more items in the price data set, and wherein at least one price data set identifies an item having a different parameter value as compared to the item in another price data set;

    generating, by a computer, a comparison value for each price data set by;

    determining a price total from the price data set;

    for each of the one or more items in the price data set;

    obtaining metric data from at least one source, wherein the metric data includes a comparable price that is indicative of a market price for the item; and

    based on the comparable price for the item, determining a market price total for the item;

    calculating a summed market price total for the price data set by summing the market price totals for each of the one or more items in the price data set; and

    generating the comparison value by comparing the price total determined from the price data set to the summed market price total; and

    communicating, by a computer, the comparison value to at least one output.

View all claims
  • 0 Assignments
Timeline View
Assignment View
    ×
    ×