ELECTRONIC INFORMATION NETWORK FOR INVENTORY CONTROL AND TRANSFER
First Claim
1. A process for distributing an item, including the steps of a) providing a plurality of independent industrial distributors of an item;
- and b) providing an information network for communicating among said distributors the amount of inventory of said item possessed by each of said distributors.
7 Assignments
0 Petitions
Accused Products
Abstract
A process for distributing items, especially industrial maintenance repair and operating (MRO) parts and supplies. The process includes as a first step providing a plurality of vendors for selling the item. Next, an information network by which each vendor can communicate to the other vendors a current inventory quantity and a current price of the item each of the vendors has for sale. A last step includes establishing an agreement among the vendors in which a first vendor agrees to sell to a second vendor, upon demand at a future point in time, up to the then current inventory quantity of the item at the then current price communicated over the information network by the first vendor to the second vendor
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Citations
21 Claims
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1. A process for distributing an item, including the steps of
a) providing a plurality of independent industrial distributors of an item; - and
b) providing an information network for communicating among said distributors the amount of inventory of said item possessed by each of said distributors. - View Dependent Claims (2, 10, 11)
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3. A process for distributing items, including the steps of:
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a) providing a plurality of vendors for selling an item;
b) providing an information network by which information about the respective quantity and price of said item each of said vendors has for sale can be shared among said vendors; and
c) establishing an agreement among said vendors in which each of said vendors agrees to sell to any other of said vendors up to said respective quantity of said item at said respective price. - View Dependent Claims (4, 5, 6, 7, 8, 9, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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Specification