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System and method for matching an offer with a quote

  • US 8,204,810 B2
  • Filed: 02/26/2010
  • Issued: 06/19/2012
  • Est. Priority Date: 08/25/2000
  • Status: Expired due to Term
First Claim
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1. A computer-implemented method of matching an offer for product with a supplier, comprising:

  • receiving an offer for a product, wherein the offer includes an offer price submitted by a customer;

    obtaining, by a computing system corresponding to one or more computing devices, a plurality of responses to the offer, wherein at least one of the plurality of responses include a first and a second price quote from a supplier, wherein the first price quote is less than the second price quote and wherein at least one of the plurality of responses include a rating provided by a respective supplier, the rating associated with the product; and

    after obtaining the plurality of responses;

    identifying, by the computing system, qualifying price quotes for the product from the plurality of responses, wherein the qualifying price quotes include at least one response from a supplier in which the first price quote corresponds to a price less than the offer price;

    selecting, by the computing system, a qualifying price quote based on a lowest price quote among the qualifying price quotes and a rating provided by a supplier;

    identifying, by the computing system, a supplier associated with the selected price quote;

    determining if the supplier associated with the selected price quote included a second price quote less than the offer price submitted by the customer; and

    causing, by the computing system, a matching of the offer for the product with the identified supplier, the matching of the offer corresponding to the second price quote if the second price quote submitted by the supplier is less than the offer price submitted by the customer.

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