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System for managing a supplier for participation in a plurality of trading networks

  • US 8,332,280 B2
  • Filed: 07/18/2011
  • Issued: 12/11/2012
  • Est. Priority Date: 03/02/2001
  • Status: Expired due to Fees
First Claim
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1. A system, comprising a computer that includes a physically tangible storage device readable by the computer, said storage device storing a program of instructions configured to be executed by the computer to perform a method for managing a supplier for participation in a plurality of trading networks, said method comprising:

  • receiving from each said trading network a volume commitment consolidating a plurality of trading network customer volume commitments for offerings of commodities and services;

    negotiating an offering with each said trading network to supply to customer members of said trading network a commodity or service of said commodities and services;

    building, in an electronic storage device for each trading network of said plurality of trading networks, a trading network entity, said trading network entity including for said supplier a supplier entity with attributes including start date, end date, sets of services and products offered to said trading network, and payment flow for said commodities and services;

    offering at least one trading network package, said trading network package based on negotiations occurring prior to receiving purchase requests from said customer members;

    selectively defining each said trading network package as including;

    (i) a trading network value-add service offering offered by said trading network to said customer members for a fee, and (ii) a managed package for which a customer member of said customer members provides a volume commitment and for which actual purchases are tracked; and

    negotiating price discount levels for committed levels of demand from said trading networks.

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