Method of and system for allocating an OTB-relevant purchasing contract

A system for allocating data regarding purchasing contracts over temporal periods associated with the purchasing contracts, the system comprising:

• a computer-readable medium having computer-executable instructions stored thereon, the computer-executable instructions being executed by a processor to implement
• a user interface configured to receive data from a purchaser;
• and
• an open-to-buy (OTB) system configured to
• receive first data regarding a first purchasing contract,
• receive second data regarding a second purchasing contract,
• distribute the received first data regarding the first purchasing contract and the second data regarding the second purchasing contract over the associated temporal periods,
• apply at least one rule to the distributed data to determine whether the distribution of the first data regarding the first purchasing contract and the second data regarding the second purchasing contract should be accepted or rejected,
• determine a first cost of the first purchasing contract based on a third data regarding the temporal periods associated with the first purchasing contract,
• compare a first budget to the first cost,
• verify the first purchasing contract based on the first budget exceeding the first cost,
• determine means for determining a second cost of the second purchasing contract based on a fourth data regarding the temporal periods associated with the second purchasing contract,
• compare a second budget to the second cost,
• verify the second purchasing contract based on the second budget exceeding the second cost, and
• store at least one of the first purchasing contract, the second purchasing contract, the first cost, and the second cost;
• wherein verifying the first purchasing contract based on the first budget exceeding the first cost occurs at the creation of the first purchasing contract based on a first identifier of the first purchasing contract;
• wherein verifying the second purchasing contract based on the second budget exceeding the second cost occurs when a purchase order referencing the second purchasing contract is released based on a second identifier of the second purchasing contract.

A computer-readable medium having computer-executable instructions stored thereon, wherein the computer-executable instructions are executable by a processor to implement a method for allocating data regarding purchasing contracts over temporal periods associated with the purchasing contracts, the method comprising:

• receiving first data regarding a first purchasing contract in a computerized system;
• receiving second data regarding a second purchasing contract;
• distributing the received first data regarding the first purchasing contract and the second data regarding the second purchasing contract over the associated temporal periods;
• applying at least one rule to the distributed data to determine whether the distribution of the data regarding the first purchasing contract and the second purchasing contract should be accepted or rejected;
• determining a first cost of the first purchasing contract based on a third data regarding the temporal periods associated with the first purchasing contract;
• comparing a first budget to the first cost;
• verifying the first purchasing contract based on the first budget exceeding the first cost;
• determining a second cost of the second purchasing contract based on a fourth data regarding the temporal periods associated with the second purchasing contract;
• comparing a second budget to the second cost;
• verifying the second purchasing contract based on the second budget exceeding the second cost;
• and
• storing at least one of the first purchasing contract, the second purchasing contract, the first cost, and the second cost;
• wherein verifying the first purchasing contract based on the first budget exceeding the first cost occurs at the creation of the first purchasing contract based on a first identifier of the first purchasing contract;
• wherein verifying the second purchasing contract based on the second budget exceeding the second cost occurs when a purchase order referencing the second purchasing contract is released based on a second identifier of the second purchasing contract.