Computerized quotation system and method

• US 5,842,178 A
• Filed: 01/30/1998
• Issued: 11/24/1998
• Est. Priority Date: 02/22/1996
• Status: Expired due to Fees

• Current Assignee: Joseph Giovannoli
• Original Assignee: Joseph Giovannoli
• Inventors: Giovannoli, Joseph
• Primary Examiner(s): Cosimano, Edward R.
• Assistant Examiner(s): GROUTT, PHILLIP J
• Application Number:
  US09/015,705
• Time in Patent Office: 298 Days
• Field of Search: 705/26, 705/37
• US Class Current: 705/26.4
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0611 Request for offers or quotes
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0617 Representative agent
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A computerized system for forming a computer based communications network of network members inclusive of network buyers and or network vendors for processing requests for quotation for goods and services through at least one central processing unit including operating system software for controling the central processing unit, storage means containing the identification of network members, means for network buyers to generate request for quotation for goods and/or services, means for transmitting said request for quotation to said central processing unit, filter means for selecting appropriate network members to receive said request for quotation based on filter conditions defined by the buyer in said request for quotation and/or by the vendor and/or by the central processing unit, means for broadcasting said request for quotation to the network members selected by said filter means and means for responding to the generator of said request for quotation with either a response to said request for quotation or with a list of said selected network members. Filter conditions may define the class of vendors in terms of geographical location, quantity, language spoken, currency, special conditions of sale, and the like.

Claims

1. A system for engaging in commercial transactions, comprising;

filter means for accepting filter conditions from buyers and sellers;

a plurality of buyers for communicating RFQs to said filter means;

a plurality of sellers for communicating quotes to said filter means in response to said RFQs, said filter means including means for determining, based upon said filter conditions, which sellers should receive RFQs from a buyer, and which quotes should be received by the buyer.

2. A method of utilizing a data network for advertising and selling items for sale by a seller including the steps of:

communicating, to the centralized filter means, from said seller, sale information indicating items offered for sale and at least one class of buyers to receive sale information;

communicating, to the centralized filter means, from a potential buyer, a category of item in which said buyer is interested;

using said filter means to match buyer and seller supplied information;

communicating an offer for sale from said seller for at least one item in said category of items indicated, to a buyer if said buyer is within said class and said items are within said category.