Transformation bidding with tooling requirements
First Claim
Patent Images
1. A method of transformation bidding in an electronic auction system, comprising:
- acquiring lot data including tooling information for a lot, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools;
receiving a bid from a bidder; and
transforming, using a processor, the lot data and the bid into a true cost of procuring the lot from the bidder.
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Abstract
A system and method of transformation bidding in an electronic auction system. The system acquires lot data including tooling information for a lot, receives a bid from a bidder, and transforms the lot data and the bid into a true cost of procuring the lot from the bidder. The system also presents the true cost to a sponsor.
96 Citations
29 Claims
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1. A method of transformation bidding in an electronic auction system, comprising:
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acquiring lot data including tooling information for a lot, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools; receiving a bid from a bidder; and transforming, using a processor, the lot data and the bid into a true cost of procuring the lot from the bidder. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A system for transformation bidding, comprising:
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a processor configured to; acquire lot data including tooling information for a lot, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools; receive a bid from a bidder; and transform the lot data and the bid into a true cost of procuring the lot from the bidder; and a memory configured to provide the processor with instructions. - View Dependent Claims (27)
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28. A system for transformation bidding, comprising:
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a database that stores tooling information, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools; and a processor that acquires lot data, including the tooling information for a lot, receives a bid from a bidder, transforms the lot data and the bid into a true cost of procuring the lot from the bidder, and presents the true cost to a sponsor.
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29. A computer program product for transformation bidding in an auction, the computer program product being embodied in a tangible medium and comprising computer instructions for:
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acquiring lot data including tooling information for a lot, wherein the tooling information comprises information associated with one or more tools needed to supply at least one component of the lot, and wherein the tooling information comprises a time period required for implementing the one or more tools; receiving a bid from a bidder; transforming the lot data and the bid into a true cost of procuring the lot from the bidder; and presenting the true cost to a sponsor.
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Specification