E-commerce transaction facilitation system and method
AssigneeIP3 Systems Ltd.
InventorsDonald P. Feaver, Kenneth G. Wilson, Craig A. Astill
Life of this patent
Estimating the term…
Abstract
A method of operating a computer to facilitate a commercial transaction involving a plurality of negotiable trading parameters where the facilitation of activities that occur within a real economic trading system is accomplished by providing a mechanism by which the structure, dynamics and business process requirements of real economic processes and emulated and thereby contributing to efficiently functioning markets and optimal transactional outcomes.
Claims12
At least one non-transitory computer-readable storage medium storing a computer-executable e-commerce transaction facilitation program, the program comprising:
- a sales routine;
- a procurement routine;
- and
- instructions for transferring a quotation from the sales routine to the procurement routine;
- instructions for transferring a reverse tender/quotation from the procurement routine to the sales routine;
- instructions for permitting modification of the quotation and the reverse tender/quotation based on negotiation of terms of a sale;
- instructions for transferring a purchase order from the procurement routine to the sales routine;
- instructions for tracking sales orders;
- instructions for tracking purchase orders;
- instructions for operatively connecting the sales routine with a seller via the Internet;
- instructions for operatively connecting the procurement routine to a buyer via the Internet;
- instructions allowing the sales routine and the procurement routine to be executed by a user connected to one of the sales routine and the procurement routine via the Internet, wherein:
- the sales routine includes instructions for determining a desirability value of at least one trading profile representing a reverse tender quotation communicated to the sales routine from the procurement routine;
- the procurement routine includes instructions for determining a desirability value of at least one trading profile representing a quotation communicated to the procurement routine from the sales routine;
- and
- the sales routine or the procurement routine further includes instructions for indicating the trading profile with a highest desirability value.
Dependencies are inferred from the claim text.