Method for selecting a group of bidders for a current bidding event using prioritization
First Claim
1. A method for selecting a group of bidders for a current bidding event to auction a lot having one or more items, said method comprising:
- identifying a prior bidding event having occurred before said current bidding event, wherein said prior bidding event includes a plurality of contact events for each bidder participating in said prior bidding event;
further identifying one or more participating bidders for said prior bidding event;
further identifying each bid-in event for said prior bidding event, wherein each said bid-in event is one of said plurality of contact events and relates to bids received from one or more identified bidders during said prior bidding event;
obtaining a corresponding rank for each said identified bidder for each said bid-in event in which said identified bidder has participated;
quantifying each corresponding rank for each said identified bidder for each said bid-in event in which said identified bidder has participated, thereby generating a corresponding competitiveness score for each said identified bidder;
prioritizing using prioritizing software the identified bidders in a descending order based on said corresponding participation score, thereby generating a prioritized list of bidders; and
selecting said group of bidders for said current bidding event from said prioritized list of bidders.
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Accused Products
Abstract
A method and system for selecting potential bidders or suppliers for a current electronic auction by using quantitative models to create a prioritized list of potential suppliers. A prioritization software analyzes a supplier'"'"'s bidding participation history and bidding competitiveness history from the bidding data collected for all prior auctions in which the supplier participated or was requested by the auction coordinator to participate. Using the prior bid data, the software generates a participation score and a competitiveness score for the supplier. The participation and competitiveness scores may be combined to generate a combined score. All potential suppliers may be prioritized based on any of these scores individually or a combination of two or more of these scores. The prioritization list generated using quantitative values instead of subjective values minimizes the amount of unnecessary calls to potential suppliers and maximizes the likelihood that a called supplier will place a competitive bid in the current auction, thereby increasing the bidding yield per supplier selected.
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Citations
7 Claims
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1. A method for selecting a group of bidders for a current bidding event to auction a lot having one or more items, said method comprising:
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identifying a prior bidding event having occurred before said current bidding event, wherein said prior bidding event includes a plurality of contact events for each bidder participating in said prior bidding event; further identifying one or more participating bidders for said prior bidding event; further identifying each bid-in event for said prior bidding event, wherein each said bid-in event is one of said plurality of contact events and relates to bids received from one or more identified bidders during said prior bidding event; obtaining a corresponding rank for each said identified bidder for each said bid-in event in which said identified bidder has participated; quantifying each corresponding rank for each said identified bidder for each said bid-in event in which said identified bidder has participated, thereby generating a corresponding competitiveness score for each said identified bidder; prioritizing using prioritizing software the identified bidders in a descending order based on said corresponding participation score, thereby generating a prioritized list of bidders; and selecting said group of bidders for said current bidding event from said prioritized list of bidders. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification