Method and apparatus for filtering and/or sorting responses to electronic requests for quote

• US 8,538,854 B1
• Filed: 01/21/2010
• Issued: 09/17/2013
• Est. Priority Date: 05/16/2000
• Status: Active Grant

• Current Assignee: Versata Software, Inc. (ESW Capital, LLC)
• Original Assignee: Versata Computer Industry Solutions Incorporated (ESW Capital, LLC)
• Inventors: Leeb, Gunter, Scott, Cheryl W., Reese, David J.
• Primary Examiner(s): Akintola, Olabode
• Application Number:
  US12/691,062
• Time in Patent Office: 1,335 Days
• Field of Search: 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and apparatus filters and/or sorts responses to electronic requests for quotes for a product or products offered for sale. The method includes comparing first data of each of a plurality electronic quotes to first data of an electronic request for quote. Each of the plurality of electronic quotes is classified as either a matching quote or a non-matching quote in response to the computer system comparing first data of the plurality electronic quotes and the electronic request for quote. Each matching quote is identified as having first data that equals the first data of the electronic request for quote. Each non-matching quote is defined as having first data that does not equal the first data of the electronic request for quote.

Claims

1. A method comprising:

a computer system comparing a first portion of data relating to an offer to sell products and a first portion of data relating to a request for the offer to sell products;

the computer system, in a response to comparing the first portion of data relating to the offer to sell products and the first portion of data relating to the request for the offer to sell products, generating a signal that indicates the offer is an exact match with the request if the first portions of data match and indicates the offer is an inexact match with the request if the first portions of data do not match;

the computer system adjusting at least a subset of the inexact matches to allow comparison between the exact matching offers and the adjusted inexact matching offers;

the computer system comparing the adjusted inexact matching offers and the exact matching offers; and

the computer system generating data to display the comparison between the exact matching offers and the adjusted inexact matching offers.

2. The method of claim 1, wherein the signal indicates whether the first portion of data relating to the offer to sell products compares equally or unequally to the first portion of the data relating to the request for the offer to sell products.

3. The method of claim 1 wherein adjusting at least a subset of the inexact matches comprises:

translating differences between the adjusted inexact match offers and requests into a comparable monetary value adjustment.

4. The method of claim 1 further comprising:

the computer system ranking the adjusted non-matching quotes.

5. The method of claim 1 further comprising:

the computer system classifying the adjusted inexact matching offers into groups comprising (i) having added parts, (ii) having missing parts, or (iii) having substitute parts.

6. The method of claim 1 further comprising:

providing the data to display the comparison between the exact matching offers and the adjusted inexact matching offers to another computer system.

7. An apparatus comprising:

a processor; and

a memory coupled to the processor, wherein the memory includes code stored therein that is executable by the processor for;

comparing a first portion of data relating to an offer to sell products and a first portion of data relating to a request for the offer to sell products;

in response to comparing the first portion of data relating to the offer to sell products and the first portion of data relating to the request for the offer to sell products, generating a signal that indicates the offer is an exact match with the request if the first portions of data match and indicates the offer is an inexact match with the request if the first portions of data do not match;

adjusting at least a subset of the inexact matches to allow comparison between the exact matching offers and the adjusted inexact matching offers, wherein adjusting at least a subset of the inexact matches comprises applying a normalization algorithm to the inexact matching offers;

comparing the adjusted inexact matching offers and the exact matching offers; and

generating data to display the comparison between the exact matching offers and the adjusted inexact matching offers.

8. The apparatus of claim 7, wherein the signal indicates whether the first portion of data relating to the offer to sell products compares equally or unequally to the first portion of the data relating to the request for the offer to sell products.

9. The apparatus of claim 7 wherein the code that is executable by the processor for adjusting at least a subset of the inexact matches further comprises additional code that is executable by the processor for translating differences between the adjusted inexact match offers and requests into a comparable monetary value adjustment.

10. The apparatus of claim 7 wherein the code is further executable by the processor for:

ranking the adjusted non-matching quotes.

11. The apparatus of claim 7 wherein the code is further executable by the processor for:

classifying the adjusted inexact matching offers into groups comprising (i) having added parts, (ii) having missing parts, or (iii) having substitute parts.

12. The apparatus of claim 7 wherein the code is further executable by the processor for:

providing the data to display the comparison between the exact matching offers and the adjusted inexact matching offers to another computer system.

13. A method comprising:

a computer system comparing first data of each of a plurality electronic quotes to first data of an electronic request for quote;

the computer system classifying each of the plurality of electronic quotes as either a matching quote or a non-matching quote in response to the computer system comparing first data of each of the plurality electronic quotes to first data of the electronic request for quote, wherein each matching quote comprises first data that equals the first data of the electronic request for quote, and wherein each non-matching quote comprises first data that does not equal the first data of the electronic request for quote;

the computer system ranking each of the matching electronic quotes, wherein each matching electronic quote is ranked as a function of second data contained in therein;

the computer system adjusting at least a subset of the non-matching quotes to allow comparison between the exact matching quotes and the adjusted non-matching quotes;

the computer system comparing the adjusted non-matching quotes and the exact matching quotes; and

the computer system generating data to display the comparison between the exact matching offers and the adjusted inexact matching offers.

14. The method of claim 13 further comprising the computer system ranking each of the non-matching quotes, wherein each non-matching electronic quotes is ranked as a function of second data contained therein.

15. The method of claim 13 wherein the electronic quote comprises data relating to products offered for sale, and wherein the electronic request for quotes comprises data relating to products to be purchased.

16. The method of claim 13 wherein the first data comprises a product identification number corresponding to a product to be purchased, and wherein the second data comprises a price at which the product is offered for sale.

17. The method of claim 13 wherein adjusting at least a subset of the non-matching quotes comprises:

translating differences between the adjusted non-matching quotes and requests into a comparable monetary value adjustment.

18. The method of claim 14 further comprising:

the computer system classifying the adjusted inexact matching offers into groups comprising (i) having added parts, (ii) having missing parts, or (iii) having substitute parts.

19. The method of claim 13 further comprising:

providing the data to display the comparison between the exact matching offers and the adjusted inexact matching offers to another computer system.

20. A nontransitory computer readable medium having code stored therein that is executable by a processor for:

comparing a first portion of data relating to an offer to sell products and a first portion of data relating to a request for the offer to sell products;

in response to comparing the first portion of data relating to the offer to sell products and the first portion of data relating to the request for the offer to sell products, generating a signal that indicates the offer is an exact match with the request if the first portions of data match and indicates the offer is an inexact match with the request if the first portions of data do not match;

adjusting at least a subset of the inexact matches to allow comparison between the exact matching offers and the adjusted inexact matching offers, wherein adjusting at least a subset of the inexact matches comprises applying a normalization algorithm to the inexact matching offers;

comparing the adjusted inexact matching offers and the exact matching offers; and

generating data to display the comparison between the exact matching offers and the adjusted inexact matching offers.

21. The computer readable medium of claim 20 wherein the signal indicates whether the first portion of data relating to the offer to sell products compares equally or unequally to the first portion of the data relating to the request for the offer to sell products.

22. The computer readable medium of claim 20 wherein the code that is executable by the processor for adjusting at least a subset of the inexact matches further comprises additional code that is executable by the processor for translating differences between the adjusted inexact match offers and requests into a comparable monetary value adjustment.

23. The computer readable medium of claim 20 wherein the code is further executable by the processor for:

ranking the adjusted non-matching quotes.

24. The computer readable medium of claim 20 wherein the code is further executable by the processor for:

classifying the adjusted inexact matching offers into groups comprising (i) having added parts, (ii) having missing parts, or (iii) having substitute parts.

25. The computer readable medium of claim 20 wherein the code is further executable by the processor for:

providing the data to display the comparison between the exact matching offers and the adjusted inexact matching offers to another computer system.

26. An apparatus comprising:

a first computer system configured to receive a plurality of data transmitted from a plurality of respective second computer systems, respectively, wherein each of the plurality of data represents an offer to sell at least one product;

wherein the first computer system is configured to receive data relating to a request for the offer to sell at least one product;

wherein the first computer system is configured to compare a first portion of each of the plurality of data to a first portion of the data relating to a request for the offer to sell at least one product;

wherein the first computer system, in response to comparing the first portion of each of the plurality of data to the first portion of data relating to the request for the offer to sell at least one product, is configured to generate a plurality of signals,

wherein each of the plurality of signals indicates whether the corresponding first portion of one of the plurality of data compares equally or unequally to the first portion of the data relating to the request for the offer to sell at least one product;

wherein the computer system is configured to determine the offer is an exact match with the request if the first portions of data compare equally and determine the offer is an inexact match with the request if the first portions of data compare unequally;

wherein the computer system is configured to adjust at least a subset of the inexact matches to allow comparison between the exact matching offers and the adjusted inexact matching offers;

wherein the computer system is configured to compare the adjusted inexact matching offers and the exact matching offers; and

wherein the computer system is further configured to generate data to display the comparison between the exact matching offers and the adjusted inexact matching offers.

27. The apparatus of claim 26 wherein the computer system is further configured to classify the adjusted inexact matching offers into groups comprising (i) having added parts, (ii) having missing parts, or (iii) having substitute parts.

28. The apparatus of claim 26 wherein to adjust at least a subset of the inexact matches comprises to apply a normalization algorithm to the inexact matching offers.

29. The apparatus of claim 26 wherein to adjust at least a subset of the inexact matches comprises to translate differences between the adjusted inexact match offers and requests into a comparable monetary value adjustment.

30. A method comprising:

a first computer system receiving a plurality of data transmitted from a plurality of respective second computer systems, respectively, wherein each of the plurality of data represents an offer to sell at least one product;

the first computer system receiving data relating to a request for the offer to sell at least one product;

the first computer system comparing a first portion of each of the plurality of data to a first portion of the data relating to a request for the offer to sell at least one product;

the first computer system, in response to comparing the first portion of each of the plurality of data to the first portion of data relating to the request for the offer to sell at least one product, genearting a plurality of signals,

wherein each of the plurality of signals indicates whether the corresponding first portion of one of the plurality of data compares equally or unequally to the first portion of the data relating to the request for the offer to sell at least one product;

the computer system determining the offer is an exact match with the request if the first portions of data compare equally and determine the offer is an inexact match with the request if the first portions of data compare unequally;

the computer system adjusting at least a subset of the inexact matches to allow comparison between the exact matching offers and the adjusted inexact matching offers, wherein to adjust at least a subset of the inexact matches comprises applying a normalization algorithm to the inexact matching offers; and

the computer system comparing the adjusted inexact matching offers and the exact matching offers.

31. The apparatus of claim 30 wherein adjusting at least a subset of the inexact matches comprises applying a normalization algorithm to the inexact matching offers.

32. The apparatus of claim 30 wherein adjusting at least a subset of the inexact matches comprises:

translating differences between the adjusted inexact match offers and requests into a comparable monetary value adjustment.