Method and system for automating and integrating procurement activities
AssigneeGoProcure, Inc.
InventorsSandeep Gauba, Roy R. Anderson, Amit Jhamvar
Life of this patent
Estimating the term…
Abstract
An automated system to receive requirements of users and present them competitive products and services for selection, authorization, order placement, supplier invoicing and payment, all through a single system. The system brings together a number of tools to deliver the functionalities required to select most appropriate products and services from a plurality of supplier databases and may also incorporate user inputs as required. The system enables cost savings, manages suppliers, reduces costs of ownership, enhances catalog management, optimizes suppliers, enhances buyer experience and obtains legally compliant agreements with suppliers.
Claims20
A system for automating procurement of a product from a plurality of product suppliers for an entity, the system comprising:
- a non-transitory storage device having embodied therein one or more computer-processed routines operable to facilitate procurement of the product;
- and
- one or more processors coupled to the non-transitory storage device and operable to execute the one or more computer-processed routines, wherein the one or more computer-processed routines comprise:
- a computer product discovery engine, which when executed by the one or more processors, based on at least one attribute of the product to be procured, automatically discovers and crawls one or more public databases so as to discover the plurality of product suppliers;
- and
- a weighted factor based supplier selection module, which when executed by the one or more processors, enables selection of at least one product supplier from the plurality of discovered product suppliers based on one or more product supplier weighted parameters.
A computer-implemented method for automating procurement of a product from a plurality of product suppliers for an entity, the method comprising:
- automatically discovering and crawling, using a computer product discovery engine, one or more public databases so as to discover a plurality of product suppliers based on at least one attribute of the product to be procured;
- and
- enabling selection of at least one product supplier from the plurality of discovered product suppliers based on one or more product supplier weighted parameters, using a weighted factor based supplier selection module.
Dependencies are inferred from the claim text.