Sourcing system and method

One aspect of the invention is an electronic auction system. The electronic auction system comprises computer software that is operable to receive multiple parameter bids on at least one product from a plurality of vendors. The software is further operable to calculate the total cost of the product...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser:	SLAIGHT THOMAS H, KING PHILLIP W, BURTON NIUL A, NORMAN ALAN R
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC DIGITAL DATA PROCESSING PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	One aspect of the invention is an electronic auction system. The electronic auction system comprises computer software that is operable to receive multiple parameter bids on at least one product from a plurality of vendors. The software is further operable to calculate the total cost of the product to the purchaser in response to each vendor's bid according to a total cost formula.