Method and computer program product for managing an internet trading network

• US 7,243,077 B2
• Filed: 03/02/2001
• Issued: 07/10/2007
• Est. Priority Date: 03/02/2001
• Status: Expired due to Fees

• Current Assignee: Kyndryl Incorporated
• Original Assignee: International Business Machines Corporation
• Inventors: Wilson, Sherry L., Godoy, Glenn C., Musa, Mark A., Broden, Theresa W., Murphy, Jane M.
• Primary Examiner(s): Smith; Jeffrey A.
• Assistant Examiner(s): Allen; William J.
• Application Number:
  US09/798,598
• Publication Number:
  US 20030023497A1
• Time in Patent Office: 2,321 Days
• Field of Search: 705 26- 27, 705/37, 705/1, 705/10, 705/412
• US Class Current: 705/80
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

An Internet trading network is operated by establishing supplier memberships of suppliers providing offerings to the trading network; establishing customer memberships of customers providing volume commitments; consolidating all volume commitments for a particular commodity or service when negotiating an offering with the supplier; managing memberships and their accounts.

Claims

1. A method for defining, implementing, and operating a plurality of trading networks, comprising the steps of:

negotiating supplier offerings of commodities and services with each of a plurality of trading network suppliers on behalf of each of said plurality of trading networks;

building in an electronic storage device for each of said plurality of trading networks a trading network entity, said trading network entity having supplier memberships of trading network suppliers providing offerings of said commodities and services to said trading network, with each said trading network supplier defined in a supplier member entity of said storage device with respect to attributes including start and end dates, sets of services and products offered to said trading network, and payment flow for trading network supplier offerings;

said trading network entity linked to a plurality of customer membership entities, each said customer membership entity defining customer benefits, with customers providing higher volume commitments selectively receiving higher benefits, with each said customer defined in a customer membership entity of said storage device;

said trading network offering at least one trading network package, each said trading network package defined in a trading network package entity of said storage device as a grouping selectively of contracts and catalogs that have been negotiated with a trading network supplier prior to receiving purchase requests from a customer by a trading network with a trading network supplier and to which a customer can request access;

selectively defining each said trading network package as including a trading network value-add service offering offered by said trading network to said customers for a fee, a managed package, and an unmanaged package, said managed package being a package for which a customer provides a volume commitment and for which actual purchases are tracked against said commitment, and said unmanaged package being a package for which no volume commitment is required from said customer;

managing trading network supplier and customer membership including ongoing benefit package development including committing levels of demand to trading network suppliers who commit corresponding price discount levels; and

managing accounts for trading network value-add services rendered.

2. The method of claim 1, said consolidating step further comprising the step of determining a trading network level forecast for each of a plurality of commodities with which said trading network deals.

3. The method of claim 2, said consolidating step further comprising the step of defining a trading network level forecast for said commodities pertaining to a specific period of time.

4. The method of claim 1, further comprising the step of customizing said trading network package for a set of said customers.

5. The method of claim 4, further comprising the step of collecting into said benefit package a plurality of supplier offerings assignable as a benefit to said customer members.

6. The method of claim 5, further comprising the steps of defining said benefit package as a custom package or a standard package, said custom package being a package which can only be assigned as a customer benefit to predefined set of customers and said standard package being a package which can be to any customer member.

7. The method of claim 1, further comprising the step of defining said trading network package as a plurality of portfolio items.

8. The method of claim 7, further comprising the step of grouping a plurality of versions of said portfolio items under a portfolio item master.

9. The method of claim 7, further comprising the steps of identifying for each of a plurality of portfolio items the corresponding said commodities with which said trading network deals.

10. The method of claim 7, further comprising the steps of defining each said portfolio item as one of a purchase offering, a technology offering or a procurement business offering.

11. The method of claim 10, said purchase offering providing access selectively to a purchasing catalog or contract.

12. The method of claim 10, said technology offering allowing use of specific applications for a given business function and the IT infrastructure.

13. The method of claim 10, said procurement business offering being a value-add service of said trading network that said trading network offers for a fee.

14. The method of claim 7, further comprising the steps of

defining each said portfolio item as a trading network offered item or a supplier offering, said trading network offered item being offered directly from the trading network itself, not from any of the suppliers in the network;

and said supplier offering being a trading network portfolio item that is offered from one of said suppliers in the network as a line item within a supplier'"'"'s membership agreement.

15. The method of claim 7, further comprising the steps of:

defining disclosed and undisclosed fee types for portfolio items in said benefit package.

16. The method of claim 1, further comprising the step of receiving as a participating customer company a company providing a volume commitment and agreeing to duration of membership and billing frequency provisions.

17. The method of claim 1, further comprising the step of receiving as a supplier member of said trading network a supplier offering to customers in said trading network at least of a supplier offering as a trading network portfolio item, a supplier preference offering, and a catalog offering.

18. A program storage device readable by a machine, tangibly embodying a program of instructions executable by a machine to perform method steps for defining, implementing, and operating a plurality of trading networks, comprising:

a computer readable storage device;

first program instructions for recording to said computer readable storage device supplier offerings of commodities and services pre-negotiated with each of a plurality of trading network suppliers on behalf of each of said plurality of trading networks;

second program instructions for building in said electronic storage device for each of said plurality of trading networks a trading network entity, said trading network entity having supplier memberships of suppliers providing offerings of said commodities and services to said trading network, with each said supplier defined in a supplier membership entity of said storage device with respect to attributes including start and end dates, sets of services and products offered, and payment flow;

third program instructions for linking said trading network entity to a plurality of customer membership entities, each said customer membership entity defining customer benefits, with customers providing higher volume commitments selectively receiving higher benefits, with each said customer defined in a customer membership entity of said storage device;

fourth program instructions for defining at least one trading network package offered by said trading network, each said trading network package defined in a trading network package entity of said storage device as a grouping selectively of contracts and catalogs that have been prenegotiated by a trading network with a supplier and to which a customer can request access;

fifth program instructions for selectively defining each said trading network package as selectively including a trading network value-add service offering offered by said trading network to said customers for a fee, a managed package and an unmanaged package, said managed package being a package for which a customer provides a volume commitment and for which actual purchases are tracked against said commitment, and said unmanaged package being a package for which no volume commitment is required from said customer;

sixth program instructions for managing supplier and customer membership including ongoing benefit package development; and

thereafter

seventh program instructions for managing accounts for trading network services rendered; and

wherein

said first, second, third, fourth, fifth, sixth, and seventh program instructions are recorded on said computer readable storage device.