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System and method for matching an offer with a quote

  • US 7,672,883 B2
  • Filed: 04/23/2004
  • Issued: 03/02/2010
  • Est. Priority Date: 08/25/2000
  • Status: Active Grant
First Claim
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1. A tangible computer-readable storage medium having computer-executable instructions implemented by a computing system for matching an offer for a product, comprising:

  • receiving from a customer machine an offer representing a value that the customer is willing to exchange for a product;

    receiving a plurality of responses from suppliers to provide the product to the customer, wherein at least one of the plurality of responses includes a rating provided in a respective response, the rating associated with the product; and

    after receiving the plurality of responses;

    ranking each supplier according to a lowest price quote in the plurality of responses;

    selecting a supplier based on at least one of a lowest quote and a rating provided in association with the product, wherein the selected supplier response includes a first and a second price quote, the first price quote corresponding to a lowest price quote for the selected supplier; and

    causing a matching of the offer with the selected supplier at the second price quote provided by the selected supplier.

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