Automated and independently accessible inventory information exchange system

• US 6,081,789 A
• Filed: 01/08/1999
• Issued: 06/27/2000
• Est. Priority Date: 05/24/1996
• Status: Expired due to Term

• Current Assignee: CXT Systems, Inc. (Quest Patent Research Corporation)
• Original Assignee: Daniel S. Purcell
• Inventors: Purcell, Daniel S.
• Primary Examiner(s): Cosimano, Edward R.
• Application Number:
  US09/227,723
• Time in Patent Office: 536 Days
• Field of Search: 348/13, 705/26, 705/27, 705/28, 705/37, 707/7, 707/100, 707/101, 707/104
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: Y10S 707/99937 Sorting
• CPC Class Codes: Y10S 707/99942 Manipulating data structure, e.g. compression, compaction, compilation
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

A method for exchanging information between providers and users of products and services in which an information management system is established that is computer based and has information processing and storage capabilities. The system also has electronic communication connections that permit buyers and sellers to electronically connect with the information management system for information exchange. Limited electronic access to the information management system is granted to approved sellers of products and services. After approval, each such seller is enabled to access inventory information of that seller for amendment purposes. Similarly, limited electronic access to the information management system is granted to approved buyers of products and services and are provided a searching capability to search a compilation of a plurality of seller'"'"'s inventory information using criteria specified by that approved buyer. Last, a buyer'"'"'s listing of products and services is compiled from the compilation of the seller'"'"'s inventory information for that buyer based on that buyer'"'"'s search criteria and in which duplicate inventory items are removed therefrom.

Claims

1. A method for exchanging information between providers and users of products and services, said method comprising the following steps:

establishing an information management system, said information management system being computer based and having information processing and storage capabilities and electronic communication connections that permit buyers and sellers to electronically connect with said information management system for information exchange;

granting limited electronic access to said information management system to approved sellers of products and services, each such seller, after approval, being enabled to access inventory information of that seller for amendment purposes;

granting limited electronic access to said information management system to approved buyers of products and services and providing a searching capability to such an approved buyer to search a compilation of a plurality of seller'"'"'s inventory information using criteria specified by that approved buyer; and

compiling a buyer'"'"'s listing of products and services from said compilation of said seller'"'"'s inventory information for that buyer based on that buyer'"'"'s search criteria and in which duplicate inventory items are removed therefrom.

2. The invention as recited in claim 1, wherein each of said sellers accesses said information management system remotely through an Internet access provider.

3. The invention as recited in claim 1, wherein each of said buyers accesses said information management system remotely through an Internet access provider.

4. A method for exchanging information between providers and users of products and services, said method comprising the following steps:

establishing an information management system, said information management system being computer based and having information processing and storage capabilities and electronic communication connections that permit buyers and sellers to electronically connect with said information management system for information exchange;

granting limited electronic access to said information management system to approved sellers of products and services, each such seller, after approval, being enabled to access inventory information of that seller for amendment purposes;

granting limited electronic access to said information management system to approved buyers of products and services and providing a searching capability to such an approved buyer to search a compilation of a plurality of seller'"'"'s inventory information using criteria specified by that approved buyer; and

compiling a buyer'"'"'s listing of products and services from said compilation of said seller'"'"'s inventory information for that buyer based on that buyer'"'"'s search criteria and condensing said compiled buyer'"'"'s listing so that multiple listings of similar products or services are reduced to single entries for brevity and simplification for the reviewing buyer.

5. The invention as recited in claim 4, wherein each of said sellers accesses said information management system remotely through an Internet access provider.

6. The invention as recited in claim 4, wherein each of said buyers accesses said information management system remotely through an Internet access provider.

7. A method for exchanging information between providers and users of products and services, said method comprising the following steps:

establishing an information management system, said information management system being internet based and having information processing and storage capabilities and electronic access that permit buyers and sellers to electronically access said information management system for information exchange;

granting electronic access to said information management system to buyers of products and services and providing a searching capability to such buyers to search a sellers'"'"' inventory information using criteria specified by the buyer; and

compiling a buyer'"'"'s listing of products and services from said sellers'"'"' inventory information for the buyer based on the buyer'"'"'s search criteria and in which duplicate inventory items are removed therefrom.

8. The method as recited in claim 7, wherein the buyer undergoes an approval process prior to commencement of a buying transaction by the buyer.

9. The method as recited in claim 7, further comprising limiting a buyer'"'"'s electronic access to said information management system to reviewing the sellers'"'"' inventory information prior to authorization as an approved buyer.

10. A method for exchanging information between providers and users of products and services, said method comprising the following steps:

establishing an information management system, said information management system being internet based and having information processing and storage capabilities and electronic access that permit buyers and sellers to electronically access said information management system for information exchange;

granting electronic access to said information management system to buyers of products and services and providing a searching capability to such buyers to search a sellers'"'"' inventory information using criteria specified by the buyer; and

compiling a buyer'"'"'s listing of products and services from said sellers'"'"' inventory information for the buyer based on the buyer'"'"'s search criteria.

11. The invention as recited in claim 10, further comprising removing duplicate inventory items from said sellers'"'"' inventory information prior to display to the buyer.