Method, system, and computer usable medium for ensuring purchasers are charged a most favorable price

A computer usable medium having stored thereon a computer readable program for ensuring purchasers of goods and services through a World Wide Web indirect channel distribution system are charged the most favored prices, wherein the computer readable program is executable on a computer to causes the computer to perform a method comprising:

• enabling a system host to negotiate prices for vendor registered goods and services;
• enabling modification of said host negotiated prices for said registered goods and services;
• enabling a purchaser to negotiate a special price for said registered goods and services in a specific purchase transaction;
• determining, by a computer, a most favored price for purchased goods and services by carrying out an entitled price method, said entitled price method comprising:
• tracking a plurality of price affecting factors including prices modified by said host of said registered goods and services and at least one of said host negotiated prices or said specific purchase transaction price;
• enabling a set of business partners of said host to register to provide said registered goods and services;
• storing, in an entitled price repository a purchaser identifier for said purchaser, said entitled price repository independent from but associated with said indirect channel;
• defining a set of registered business partners of said host providing said registered goods and services;
• enabling said set of business partners to register for addenda offered by said host, said addenda including said prices modified by said host for said registered goods and services;
• tracking prices provided by said addenda in said entitled price repository;
• storing, in said entitled price repository an addendum identifier for each of said addenda;
• and
• charging said purchaser a most favored price for purchased goods and services resulting from said price affecting factors, said price affecting factors including said modified prices and at least one of said host negotiated prices or said specific purchase transaction price.

A computer controlled system for ensuring that purchasers of goods and services are charged the most favored of said goods and services, said system comprising:

• a processor;
• and
• a computer memory holding computer program instructions executable by the processor to perform the method comprising:
• enabling a system host to negotiate prices for vendor registered goods and services;
• enabling modification of said host negotiated prices for said registered goods and services;
• enabling a purchaser to negotiate a special price for said registered goods and services in a specific purchase transaction;
• determining, by a computer, a most favored price for purchased goods and services by carrying out an entitled price method, said entitled price method comprising:
• tracking a plurality of price affecting factors including prices modified by said host of said registered goods and services and at least one of said host negotiated prices or said specific purchase transaction price;
• enabling a set of business partners of said host to register to provide said registered goods and services;
• storing, in an entitled price repository a purchaser identifier for said purchaser, said entitled price repository independent from but associated with said indirect channel;
• defining a set of registered business partners of said host providing said registered goods and services;
• enabling said set of business partners to register for addenda offered by said host, said addenda including said prices modified by said host for said registered goods and services;
• tracking prices provided by said addenda in said entitled price repository;
• storing, in said entitled price repository an addendum identifier for each of said addenda;
• and
• charging said purchaser a most favored price for purchased goods and services resulting from said price affecting factors, said price affecting factors including said modified prices and at least one of said host negotiated prices or said specific purchase transaction price.