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System and method for enhancing supply chain transactions

  • US 7,822,682 B2
  • Filed: 04/19/2006
  • Issued: 10/26/2010
  • Est. Priority Date: 06/08/2005
  • Status: Active Grant
First Claim
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1. A system for processing particulars of a transaction over a network, comprising:

  • a supply chain tracking processor for receiving supply chain event data from at least one supply chain monitor, the supply chain data relating to the condition or location of an item along a supply chain; and

    a term and requirements processor for receiving initial commercial terms and requirements associated with the transaction and for generating modified commercial terms and requirements based on supply chain event data and on at least one value algorithm, the modified commercial terms and requirements being generated while the item is still in the supply chain and wherein the modified terms and requirements result in;

    (1) a partial or complete settlement of the transaction, or (2) change to the valuation of the transaction or the item.

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