Patent Application
20150310468
The invention relates to an e-commerce and more particularly toward multiple criteria buying and selling systems and methodologies that facilitate conducting business electronically.
The buying and selling of products and services has resulted in a vast array of buying schemes which are used to vary the price at which such products are sold. One of the most common buying schemes which business encounter everyday is known as volume buying. According to this buying scheme, sellers set a fixed unit price for their products based on the volume of units that a buyer is willing to purchase. Buyers desiring to purchase products from the seller are each required to pay the same fixed price depending on the volume of units the buyer is purchasing. If a seller finds that the demand for a given product is greater or less than expected, the seller may later adjust the fixed price per unit of the product to account for such findings. Although the fixed price per unit system provides a simple way for a seller to conduct business with multiple buyers, one drawback of this buying scheme is that it fails to provide buyers with a choice between a variety of different buying criteria that may be just as important or even more important to the buyer than price.
For example, a buyer that is in need of goods, such as raw materials to make products for an expedited order may be willing to pay a higher price for a faster delivery time. Another buyer may be concerned with the quality of the goods they are purchasing, such that the buyer would pay a higher price for goods having a minimum number of defects. Yet another buyer may be concerned with the warranty time allotted for the goods they are purchasing, and may want the warranty of the goods that they are purchasing to match or exceed the warranty the buyers are offering their own customers.
Yet another buying scheme which has been advanced in recent years is buyer-driven bidding. According to this buying scheme, a single buyer desiring to obtain a product communicates a price at which the buyer is willing to purchase the product to multiple sellers. Each of the sellers is provided an opportunity to review the buyer's price. A sale is complete when one of the sellers agrees to sell the product to the buyer at the price suggested by the buyer. A buyer-driven bidding scheme is described in U.S. Pat. No. 5,794,207 assigned to Walker Asset Management Limited Partnership of Stamford, Conn. Another buyer-driven bidding scheme is described in U.S. Pat. No. 5,897,620 assigned to priceline.com, Inc. of Stamford, Conn. While the buyer-driven bidding scheme provides advantages for certain types of transactions when, for example, sellers may be willing to sell products at lower than normal prices, the uncertainties involved with whether a buyer's offer will be accepted is often problematic for high volume commercial transactions in which the reliability that a transaction will be complete is of paramount importance. Another problem with the present buying schemes is that the buyer's have no control in determining the criteria of the product or services that they may receive, while the seller has no control of the type of purchase that the buyer's request.
While the buying schemes described above have various advantages and disadvantages in different situations, a commonality among all of the buying schemes is that each buyer is not given the opportunity to choose amongst different buying criteria, which could be more important to the buyer than the price of the goods and/or services. Furthermore, each seller is not given a chance to offer their goods and/or services based on different selling criteria. In many instances sellers are not even aware of what buyer's consider important buying criteria. Additionally, sellers are sometimes not aware of what other selling criteria•that other seller's might offer buyers.
Accordingly, there is a strong need in the art for a multiple criteria buying and selling scheme which provides both buyers and sellers more control in a commercial purchasing transaction, and overcomes the above mentioned drawbacks and others.
The following presents a simplified summary in order to provide a basic understanding of some aspects of the claimed subject matter. This summary is not an extensive overview. It is not intended to identify key/critical elements or to delineate the scope of the subject invention. Its sole purpose is to present some concepts in a simplified form as a prelude to the more detailed description that is presented later.
Overall, the subject invention pertains to systems and methods directed toward e-commerce transactions and aggregation of demand. According to one aspect of the subject invention, a system that provides pricing information based in part on delivery date is provided. The system comprises a forecast component that acts to output a price estimate. The price estimate is based on an order related factor. After a price estimate has been generated, the estimate is passed to a price component. The price component generates and displays a price for the order that is based on the price estimate and the delivery date of the order.
In accordance with another aspect of the invention, an aggregation component can be included. The aggregation component contributes to the price estimate by selecting a price curve. A price curve is, among other things, a function of the price of a good based on the date that the good is desired by the buyer. Multiple price curves can exist for the same good. The aggregation component selects the price curve of the good based on a plurality of factors. For instance, if a buyer historically orders a large amount of good, and the buyer's current order is another large quantity, then the aggregation component can select a price curve having a more favorable price than one issued to a first time buyer that only wants a small quantity of good.
In accordance with yet another aspect of the invention, a buyer interface component can be included. The buyer interface component enables the buyer or potential buyer to enter the criteria for the sale of goods or services. This allows the buyer to communicate to a seller or group of sellers qualities of a transaction that are important to the buyer and to place limits on the transaction such as price, quantity, and terms. The buyer interface component can also be used to enter changes in conditions of a previous deal. In addition to allowing the buyer to enter deal criteria, the buyer interface component can also receive information. As such, the buyer interface component provides ease of exchange of information between a buyer or potential buyer and seller, sellers, or potential sellers.
The subject invention can also include a seller interface component. The seller interface component can allow the seller to interact with a buyer, buyers, or potential buyer or buyers. As such, the seller interface component allows the seller to enter information relating to features of the goods or services offered for sale or exchange. Additionally, the seller interface component further allows the seller to receive information about offers, deals, and commerce.
According to another aspect of the invention a notification component can be employed. The notification component can notify a buyer or seller of a deal, offer, invitation to deal, or some other aspect of commerce. The notification component can also notify the systems of the buyers, potential buyers, and sellers, to update the systems of the involved parties with the status of the related dealings.
In accordance with another aspect of the invention, a methodology is provided to obtain a price for a good. The method comprises determining the current and future need for the good, viewing the seller inventory, ordering goods for current and future delivery, and receiving the price for the good, based in part on the delivery date of an order.
In accordance with yet another aspect of the invention, a computer-implemented methodology is provided to output the price of a good. The method consists of receiving a purchase schedule comprising at least one of amount of a desired good, specified dates for purchase, and desired delivery dates, determining the price of the desired good based in part on an order related factor, evaluating a production schedule based on the quantity of the desired good in the purchase schedule, and generating a price estimate.
To the accomplishment of the foregoing and related ends, the invention then, comprises the features hereinafter fully described and particularly pointed out in the claims. The following description and the annexed drawings set forth in detail certain illustrative aspects of the invention. These aspects are indicative, however, of but a few of the various ways in which the principles of the invention may be employed and the subject invention is intended to include all such aspects and their equivalents. Other objects, advantages and novel features of the invention will become apparent from the following detailed description of the invention when considered in conjunction with the drawings.
a illustrates a diagrammatic view of an aggregation component contributing to price estimate.
b is a graph that illustrates changes in price curves for a specified product, in accordance with an aspect of the current invention.
a is a flow chart diagram of a methodology for generation of a price estimate.
b is a method of setting a buyer curve in accordance with an aspect of the subject invention.
a illustrates a buyer's buying criteria input screen in accordance with one aspect of the subject invention.
b illustrates a buyer's product ordering criteria input screen in accordance with one aspect of the subject invention.
c illustrates a list of seller's deals matching the buyer's product ordering criteria in accordance with one aspect of the subject invention.
a illustrates a web page for a buyer to create or modify a deal in accordance with one aspect of the subject invention.
b illustrates a seller's buying and selling criteria input screen in accordance with one aspect of the subject invention.
c illustrates a seller's product ordering criteria input screen in accordance with one aspect of the subject invention.
d illustrates an input screen for adding buying and selling criteria to the deal in accordance with one aspect of the subject invention.
The subject invention is now described with reference to the annexed drawings, wherein like numerals refer to like elements throughout. It should be understood, however, that the drawings and detailed description thereto are not intended to limit the invention to the particular form disclosed. Rather, the intention is to cover all modifications, equivalents, and alternatives falling within the spirit and scope of the subject invention.
As used in this application, the terms “component,” “system,” and the like are intended to refer to a computer-related entity, either hardware, a combination of hardware and software, software, or software in execution. For example, a component may be, but is not limited to being, a process running on a processor, a processor, an object, an executable, a thread of execution, a program, and/or a computer. By way of illustration, both an application running on a server and the server can be a component. One or more components may reside within a process and/or thread of execution and a component may be localized on one computer and/or distributed between two or more computers.
It should be appreciated that the invention may be implemented as a method, apparatus, or article of manufacture using standard programming and/or engineering techniques to produce software, firmware, hardware, or any combination thereof. The term “article of manufacture” (or alternatively, “computer program product”) as used herein is intended to encompass a computer program accessible from any computer-readable device, carrier, or media. For example, computer readable media can include but are not limited to magnetic storage devices (e.g., hard disk, floppy disk, magnetic strips . . . ), optical disks (e.g., compact disk (CD), digital versatile disk (DVD) . . . ), smart cards, and flash memory devices (e.g., card, stick). Of course, those skilled in the art will recognize many modifications may be made to this configuration without departing from the scope or spirit of the subject invention.
Referring initially to
Order related factors pertain to characteristics of an order. Such order related factors can include but are not limited to current supplier production, supplier inventory, time, customer (e.g., buyer) size, past order history of customer, current price, volume ordered to date, historical quantity ordered, and conditional offers from a supplier.
The price estimate produced by the price component 110 is provided to and received by price component 120. The price component 120 generates and displays the price based at least in part on the price estimate and the delivery date of the desired good/service. For instance, if a buyer orders a quantity of good, and indicates that the delivery date shall be as soon as possible. Such an indication would affect the price of a good since the rapid delivery does not allow the seller to plan for availability of the good in response to other orders and the current order. For example, a production run could not be scheduled to produce goods for everyone. Thus, the price component 120 can modify the price or a price schedule in accordance with delivery information and display an altered price or price schedule.
The choice to purchase the goods at a certain time can be dependent upon the buyer's request. Accordingly, a list of shipping options can be presented to the buyer and his/her decision can be made based on the options and corresponding prices. By way of example and not limitation consider the following table of shipping options and associated pricing:
In this manner, a buyer can review and select to have the product shipped immediately or at some other time. The system can record the price at the time of order and ship schedule selected. The customer invoice would reflect this amount and the order would be processed into the supplier's and buyer's respective ordering systems automatically.
In another example, a buyer may request to purchase a good, but require that the good be held by the seller for one month. Additionally, there may be a conditional offer from the seller that discounts the price of a good by a certain percentage. In analyzing both order related factors from the buyer, the forecast component 110 will provide a price estimate reflecting the effect of these two factors in the subject example. The specification of a hold time serves to increase the price of the good/service, since the seller must now retain the good in inventory. Additionally, the conditional offer serves to decrease the price of the good by the amount specified. Accordingly, the price estimate is adjusted accordingly in response to the order related factors.
It is to be appreciated that aspects of the subject invention have wide applicability to the purchasing and/or selling of a variety of different products and/or services. For example, the subject invention may be applied within the context of purchasing and/or selling airline tickets wherein order related factors may include, for example: (1) reputation of airline; (2) reliability; (3) timeliness; (4) price; (5) number of alternative flights; (6) comfort; (7) quality of service; and (8) quality of foods. Additional order related factors may include for example: (1) volume of tickets; (2) buyer's versatility in time schedule; (3) buyer's method of payment, etc.
Aspects of the invention may also be applied in the context of purchasing and/or selling an automobile wherein order related factors may include, for example: (1) reputation of automobile manufacturer; (2) reputation of dealer; (3) price of automobile; (4) delivery options; (5) automobile availability; (6) safety; and (7) financing terms; etc. Further order related factors may include, for example: (1) buyer's creditworthiness; (2) desired finance terms; (3) delivery requests of buyer; and (4) delivery dates.
The subject invention allows buyers and/or sellers of products and/or services to pre-select a plurality of criteria prior to negotiating a deal for the product and/or service. Of course the pre-selected criteria will vary depending on the particular product and/or service. The scope of the invention as defined in the hereto appended claims intends to include any product and/or service (and plurality of pre-selected criteria associated therewith) suitable for deal-making in accordance with the subject invention.
a provides a price system 200 in accordance with an aspect of the subject invention. In addition to the forecast component 110 and the price component 120 as described with respect to system 100 of
As an example, if a buyer historically orders a large amount of good, and the buyer's current order is a large quantity, then the aggregation component 210 can select a price curve having a more favorable price than one issued to a first time buyer that only orders a small quantity. Additionally, the aggregation component 210 can be used to vary the price of a good depending on demand of the good from a plurality of orders, for instance in or amongst a deal room as described in further detail infra. As such, the aggregation component 210 allows the seller to set the price of a good in response to customer specific stimuli and in response to factors relating to the good from orders of other customers. For instance, if the quantity of orders and/or amount of good per order for a good increase, the aggregation component 210 can increase the price per good accordingly until a certain sales volume or profit margin is attained. The aggregation component 210 can also assign different price curves to different buyers depending on buyer specific factors. As such, the aggregation component 210 affords the seller much control in the sale of goods.
Upon selection of a price curve, the price estimate can be provided to the price component 120, which may alter the price curve or estimate base on delivery date or other delivery information. As an alternative, it should be appreciated that delivery information such as date could be included as an order related factor and forecast component 110 and aggregation component 210 could interact to facilitate selection of a price estimate, price curve, or schedule that takes such information into account.
b illustrates an exemplary graph 250 for a product X that represents price curves 260 and 270. Price curve 260 represents the cost of a good versus volume if the good were purchased and/or delivered today. Price curve 260 varies from price curve 270, which illustrates the price versus volume for a purchase and/or delivery at a time five days from now. Although price curves 260 and 270 differ due to different delivery times, it is to be understood that two price curves containing identical date criteria can differ due to other related factors. As such, an aggregation component or system can interpolate information of a plurality of offers and/or deal related information and assign a specific price curve to a buyer or potential buyer. Alternatively, a particular price curve can be modified based on delivery time.
Three points are delineated on the graph 250 to represent three different volumes which correlate to three disparate prices per unit for the buyer. It is to be appreciated that the volume and corresponding price for product X can vary for disparate price curves. Further, it is to be appreciated that the price curves can be representative of various other factors beyond the price and volume shown in this particular approach. For instance, the price curve can be related to current supplier production, purchasing history of the buyer, etc. Point A represents a price and corresponding volume of product X wherein today's price versus volume at A is the same as the price curve for the same price and volume in five days. In contrast, the volume at point B illustrates a decrease in the price of product X if the good is purchased and/or delivered in five days. Alternatively, point C shows an increase in price per unit relative to volume if the buyer waits five days to place an order instead of placing such an order on the current day or opts for delivery in two weeks rather than some other date.
Referring now to
In another aspect of the invention, the buyer interface component 310 permits the buyer to request that a good be held for a specific number of days. The specification of a hold time serves to increase the price of the good/service, since the seller must now retain the good in inventory. For example, the price can change to reflect the additional carrying costs by the supplier, such as adding 1% for every thirty day hold period. As such, if a buyer does not require the good until a later date, but wants a good at the current price, the buyer can use the buyer interface component 310 to indicate to a seller to hold the requested amount of good for a period of time indicated by the buyer. The price component 120 can update the price or price curve to the buyer, showing the additional charge for the hold time, and if the price is agreeable to the buyer, the buyer can accept the deal.
Additionally, the buyer interface component 310 is a mechanism that allows for the display an available quantity of good. Since the buyer can see the available quantity of a desired good, the buyer will know immediately that the good is available for purchase. If the buyer sees an indication that a good is not available, the buyer is able to quickly cease a search with the current seller and find another seller of the good. Additionally, the buyer may contact the seller to attempt to purchase the out of stock item. Examples of buyer options may include, but are not limited to being put on a wait list, having the seller acquire the goods from a third party, etc.
The buyer interface component 310 can include additional functionality to further aid in commerce. For instance, an icon could be available to place the order automatically—the system would then execute all orders. For example, a buyer can assemble multiple orders, and save them for submission at a more convenient time. Later, the icon can be used to submit all or part of the orders. Alternative functionalities can also be provided for the icon. For example, the buyer can click on the icon to be alerted of price changes among other options provided by supplier (e.g., special offers, changes to schedule).
It is to be further appreciated that the price component 120 can determine the price of goods in real time. As indicated above, the buyer interface component 310 allows the buyer to indicate disparate shipping dates for goods in the same order as well as allows the buyer to change the ship dates in response to changing business needs. In response to a change in the ship dates, the price component 120 updates the price of the goods in real time. For example, a buyer indicates that a total often units is required, but only indicates that two units ship immediately, two ship in five days, and the remainder be shipped in one month. At a later time, the buyer changes the ship dates of the order by using the buyer interface component 310 so that five units are to be shipped immediately and the rest are to be shipped in one week. As a result, the price component responds to the changes and generates and displays an updated price. Real-time updating of the price is not limited to changes in ship dates. The price component 120 can update the price in real time in response to changes in order related factors. In response to the changes in ship dates, a change ship schedule can show the goods ordered and the ship schedule. Additionally, the price component can update the price in response to a change in the change ship schedule.
It is also to be appreciated that the price component 120 can provide a range of prices and other deal criteria in response to buyer input. A buyer can indicate that he wants a quantity of goods, but the date requirements are flexible. The buyer can indicate an acceptable window of time for which the goods are to be shipped. In response to the window, the price component 120 can to generate a maximum and a minimum price corresponding to the range of desired criteria. The price component 120 can also generate a hybrid price. This hybrid price can be a price for part of the total order. It is to be appreciated that in addition to delivery date factors, the price component 120 is able to generate a maximum and minimum and hybrid price for order related factors. Thus, the buyers and sellers are able to tailor their searches for goods to their specific needs.
Turning now to
A seller can also use the seller interface component 410 to respond to orders and change the terms of orders in response to buyer initiated changes in the order. For example, if a buyer requests a ship date change, the seller may respond by changing the terms of future orders such that the rest of the buyers must be placed online and that the customer must pay for shipping. It is to be appreciated that the seller interface component 410 is not limited to responding to changes in ship dates. Rather, the seller interface component 410 affords flexibility in the transactions.
The seller interface component can also provide a mechanism to enter special offers or other deal related information. The seller can view a list of buyers or potential buyers, determine the volume of goods or services that the buyer has purchased in the past or plans to obtain for the future, and see other buyer related activity and characteristics. From that information, the seller can then classify buyers into different levels and tailor deals, sales, offers, etc. to each classification of buyer. For example, if a buyer has purchased a high number of goods from the seller regularly for five years, that buyer may be placed in a classification that provides more advantageous offer and deal criteria than a customer that purchased a low volume of the same good or service only a small amount of times.
Referring now to
The aforementioned systems and have been described with respect to the interaction between several components. It should be appreciated that such systems can include those components specified therein, some of the specified components, and/or additional components. For example, a system can include forecast component, price component, aggregation component, seller interface component, buyer interface component, notification component or any combination thereof. Additionally, it should be noted that one or more components may be combined into a single component providing aggregate functionality or divided into several sub-components. The components may also interact with one or more other components not specifically described herein but known by those of skill in the art, as well as systems and components provided hereinafter.
Referring now to
Additionally, a seller can update the amount currently available for sale (e.g., in inventory) and once exhausted can automatically reject these requests or modifications. For instance, a buyer sees there are three of the desired goods in inventory and would like to have one released for the price showing on a price curve. The order is executed and the buyers now see two units remaining for quick ship.
At 630, the buyer orders goods for current and future delivery based on the needs determined at 610. Goods can be ordered so that delivery occurs at disparate times for different quantities of goods. For example, a buyer can order ten units but only requires two units now, two units in five days and the remainder on the posted ship date. The system allows the buyer to order all with different ship dates and will record one price for the first two units, another price for the other two unit order and finally the final price for the six units remaining. As the prices are determined based on the seller schedule and terms, the buyer's invoice will be calculated in real-time and show the hybrid price and total price for these units. At 640, the buyer receives the price for the good, based in part on the delivery date. Additionally, the buyer can also receive an invoice containing the transaction information.
a represents a methodology 700 of outputting a price estimate to a buyer for a desired quantity of goods. At 710, a seller receives a purchase schedule from a buyer which relates the amount of goods the buyer desired to purchase on specified dates and/or includes the desired delivery dates for such goods. The buyer interface component 310 allows the buyer to input the desired units along with the preferred ship schedule for each, for example, one unit immediately, one unit shipped in five days, two units shipped tentatively for fifteen days, or one unit on hold for thirty days. In order to provide an accurate estimate of the price per unit to the buyer, the seller can take in a plurality of factors. At 720, the seller can aggregate the desired order of the buyer with other orders for the same good. Such an aggregation can change the price the buyer will be charged based on a multitude of factors (e.g., volume of orders from disparate buyers). The seller can also consider other order related factors. At 730, the seller can evaluate their production schedule based on the quantity of goods ordered by the buyer. In this manner, the seller can plan to allocate necessary resources toward the manufacture and delivery of the goods for sale. Such planning can make the seller more efficient and thus save resources that can be utilized elsewhere by the seller. At 740, a price estimate can be output and provided to the buyer. The system can take the buyer request and automatically simulate what the prices would be: one unit shipped immediately for a price of $10; one unit shipped in five days for a price of $10−$7 depending on order related factors; two units shipped tentatively for fifteen days for a price of $10−$5 depending on order related factors; or one unit held for thirty days for a price of $10−$5+1% or some amount for holding charge.
Turning now to
Briefly stated, a deal room is a forum for the buyer and seller communicate the purchase and sale of goods. Deal rooms will be discussed in more detail in later sections. However, it is to be appreciated that such a deal room can involve any number of technologies to facilitate interaction between a buyer and a seller such as teleconference, video conference, net meetings and the like. It is also to be appreciated that the subject invention can employ a plurality of deal rooms. In addition, such deal rooms can be private in that the buyer is only exposed to his/her own price curve(s) (e.g., and no other buyer's price curve) related to the goods the buyer is interested in purchasing from the seller. In this manner, the seller can adjust their pricing structure without danger of harming current potential business relationships with buyers which could occur if a buyer was aware of another buyer's price structure.
At 756, terms and conditions of a sale are determined between the buyer and the seller. Such terms and conditions can include: no cancellation of order, cancellation possible, tag and pull program and various payment options, for example. Also, a buyer can see a summary of the conditions available to vary the price of an order. Such a summary can include: starting price, next price, lower price, etc. Thus, a buyer can generate a plurality of “what if” scenarios to get a better understanding of how orders can achieve lower price points by changing buyer behavior. For example, “what would my combined price be if I want X slabs delivered in two weeks and Y slabs delivered in eight weeks?”
In addition, a seller can have multiple aggregation curves available at the same time. In this manner, the curves can be affected differently when presented with the same changes to the same factors. For instance, a customer A can be sent a counter offer from their seller which in turn can affect delivery of one unit of goods to two weeks and/or provide a discount per unit of goods. Customer A can then accept or reject the counter offer based on the conditions given by the seller. In this case, substantially all of the terms of the sale can be revised and such revisions can be initiated by either buyer or seller.
Alternatively, offers can be posted when the item is the least expensive. In this aspect, a buyer would not be aware of the offer for sale until the price is optimum. Additionally, a price curve may not be given; instead a listing of the product and the corresponding ship dates are included with the seller's offer.
It is to be appreciated that terms and conditions can be associated with any price curve. Such terms and conditions govern buyer and seller transactions. For instance, a seller can specify that an offer is good for a particular period of time. Additionally, a seller can specify terms and conditions that indicate that an offer may increase over time.
At 758, a desired ship date of goods is determined Such ship date can relate to various price adjustments dependent upon the date the customer expects the product to be delivered. Such prices can increase or decrease dependent upon various seller related factors such as existing orders, production schedule, availability and cost of raw materials. For example, “what is my price with the following ship date?” (product available now); “what is my price with the following ship date?” (two weeks from now); “what is my price with the following ship date?” (8 weeks from now).
Dynamic ship dates can also be employed such that the item is simply posted to a deal room when the item is the least expensive. Furthermore, a price curve does not necessarily have to be displayed with the dynamic ship dates option. Rather, a product list and ship dates with dynamic prices can be shown.
Moreover, optimal times can be given to a buyer wherein a “best price” can be available on a specified order date. Similarly, the optimal time for shipping goods can be provided to a buyer, which can relate to a shortened lead time for delivery, discount on shipping costs and the like.
At 760, the identity of the user combined with the terms, conditions, and ship date of the sale are correlated to disparate buyer activity. Such activity could involve a disparate deal room wherein an offer is made for the same or different good as in the subject deal room. In addition, a correlation can be made between the disparate buyer history of participation with the seller. Thus, the terms of the offer, although distinct for each individual buyer can be correlated to modify such terms in the future.
At 762, the buyer price curve is set based on any number of factors above such the identity of the buyer, terms, conditions, ship date and the like. The price curve can vary as such factors change and/or remain the same based on an algorithm, program, etc. Price curves can be employed to provide a plurality of different aggregated offers for a specific good dependent on various factors, such as quantity. For instance, a buyer can enter the amount of goods and see one price curve for one slab, two slabs, three slabs, etc. If the buyer selects three slabs, he can see a price curve tied to the volume of all the people aggregating, even though the quantity ordered puts the buyer on a different curve than someone ordering one or two slabs, for example. After selecting the quantity desired, a buyer can select various desired terms and conditions related to the sale of the goods, such as:
Each variable can reflect a different price than is shown on the curve immediately as well as potentially on all price points. An increase in price based on such above conditions can be mitigated if the buyer orders a large enough volume (e.g., three slabs ordered would then negate a surcharge on tag and pull program, or extend the program to 90 days, or any number of variables).
A buyer can see total volume ordered to date on this product (or other products) once a minimum threshold is reached by the buyer as determined by a seller in this case, the price curves going forward adjust based on the software configuration. For instance, a buyer who has ordered fifty slabs to date now sees a lower price curve even though he in fact may be ordering the same amount as someone else on that particular order.
Another variation of this theme is a buyer who belongs to a larger organization with a larger volume than the other buyers and receiving special pricing and/or options based on their size. The cumulative total would reflect all participating organizations.
Referring to
Each of the buyers 815 and sellers 820 may access the central server 825 in any of a variety of ways. In
or accessed. The user interface 910 may, for example, be an alphanumeric keyboard and mouse. A network interface 915 coupled to the processor 100 provides multiple connections for transceiving information with buyers 815 and sellers 820 over the network cables 850.
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At 1210 (
If at reference numeral 1215, the processor 900 is informed that the buyer 815 has been provided a line of credit and a credit card number has been issued, the processor 900 proceeds to 1225. At 1225 the buyer information from the registration form 208 and the newly issued credit card number are stored in a buyer database 1470 (
Continuing to refer to
At 1245, the processor 900 provides the buyer 815 with a buyer's buying criteria input screen where the buyer 815 is able to enter a variety of buying criteria important to that particular buyer 815. The buyer 815 selects a plurality of buying criteria and submits the criteria, so that the system can build an input ordering criteria form. At 1250, the buyer 815 enters the ordering criteria that is acceptable to the buyer in the input ordering criteria form, and then submits this criteria causing the system search engine to match the ordering criteria with a list of seller deals in a seller deal database. The search engine then lists the deals matching the buyer's buying and ordering criteria. As discussed above, the deals 1182 provided to the buyer 815 provide the buyer 815 with information regarding the sale of a particular product such as, for example, the volume range to get a particular price per pound, the delivery time, the warranty period and the percentage of defects in each order that a buyer can expect. In order to allow a buyer to quickly find deals 1182 of interest, the processor 900 at 1245 provides the buyer 815 with the input Buyer's Buying Criteria input screen 1150, so that active deals 1182 of interest may be found.
Once a search is completed, the buyer 815 t 1255 is able to select a desired deal 1182 from the results obtained. For example, the buyer 815 may choose a desired deal because it has a faster delivery time than the other deals. The buyer 815 may choose a deal because it has a low percentage of defects in the goods, or has a longer warranty than other goods. Regardless of the deal, the buyer 815 may choose, the buyer 815 can make an informed decision based on a variety of buying criteria. If the buyer 815 is unsatisfied with the search results or simply desires to re-perform the search, the buyer
815 at any time is able to return back to a previous screen selecting the “back” function available using an Internet browser such as, for example, Microsoft Internet Explorer, Netscape, etc. Additionally, a hyperlink to various screens, such as the search screen, preferably is provided on each web page.
Upon selecting a deal 1182, the processor 900 at 1260 displays a page of standard terms and conditions to which the buyer 815 must agree at 1265 prior to completing the deal. The terms and conditions relate to the terms governing the sale of the product or service according to which both the buyer and seller are willing to conduct business. If the terms and conditions are not accepted, the processor 900 returns the buyer 815 to step 1245, so that another deal 1182 may be selected and/or another search may be performed. If, however, at 260 the terms and conditions are accepted, the processor 900 proceeds completes the deal at 1270.
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Referring now to
Referring now to
If the seller would like to return to the Create or Modify Deal screen 1575 the seller 820 can click on the Cancel button 1580, at any time. Furthermore, if the seller 820 simply desires to re-perform the search, the seller 820 at any time is able to return back to a previous screen selecting the “back” function available using an Internet browser such as, for example, Microsoft Internet Explorer, Netscape, etc. Additionally, a hyperlink to various screens, such as the search screen, preferably is provided on each web page.
Proceeding now to
Once the credit card application is submitted by the seller 820, the processor 900 proceeds to step 1615 where the processor 900 determines if the credit card application has been approved. If the credit card application has not been approved, the processor 900 proceeds to step 1620 where the seller 820 is informed that their credit card application has not been approved and the seller 820 is provided with a customer service telephone number so that the seller 820 may optionally set up the account in a different fashion. If, however, at 1615 the credit card application is accepted, the processor 900 proceeds to step 1625 where the seller information is stored in a seller database 1827 (
Continuing with
Upon successful entry of a user ID and password, the seller 820 is provided with a seller option screen 1575 as shown in
At 1660, the processor 900 requests that the seller 820 enter the seller's selling criteria, so that the system can build a seller's product offering criteria input screen, at 1665. For example, at 1660 the product agreed upon seller criteria is the volume range of the order and the price per pound of the order, the seller's selling criteria includes the delivery time and warranty with quality to be added next, and the seller additional criteria is that the buyer pay the cost of shipping the goods. As discussed above, the processor 900 utilizes the information input from the seller 820 to display a seller's product ordering input form 1530.
At 1665, the processor 900 requests that the seller enter the limits associated with the seller's selling criteria chosen at 1660, and the list of buyer's entitled to be offered the subject deal. The information is entered and submitted to form a deal. The processor 900 uses this information to match buying and ordering criteria of the buyer with selling and offering criteria of the seller, so that deals can be completed in an expedited manner.
Continuing to refer to
Additional and/or Alternative Aspects of the Subject Invention
The invention has been largely described within the context of a seller sponsored deal room, as shown in
Turning now to
For example, a large corporate buyer may employ the subject invention to create a deal room where a plurality of sellers may assemble to aggregate selling of specific goods and/or services that the buyer desires. Such a transaction facilitates the buyer satisfying purchase requirements in one forum and to coordinate delivery of goods and/or services. Furthermore, such a system facilitates sellers making sales to the buyer. Because the sellers 820 are able to aggregate, a large corporate buyer 815 can do business with the seller. Lacking such aggregate buying and selling, the large corporate buyer may not have previously dealt with the individual seller 820 due to the seller's 820 insufficient capacity to fulfill all the buyer's 815 needs. The subject specification describes exemplary systems and interfaces for implementing the subject invention, and therefore further discussion thereto is omitted for sake of brevity. However, it is to be appreciated that one skilled in the art based on the above discussion regarding seller sponsored deal rooms/transactions could apply such teachings to implement the aforementioned buyer sponsored deal room/transaction.
Turning now to
One alternative aspect of the invention affords for creating, altering, and/or managing OpenOffer sheets on more than one private deal room at the same time. This aspect of the invention (e.g., implemented via software) enables the company completing an OpenOffer Sheet to select those private deal rooms it wishes to submit the OpenOffer sheet. For example, a first OpenOffer sheet with one price and volume schedule may be automatically submitted to deal room #1 and #2. A second OpenOffer sheet can be submitted for the same product with different price points and volume schedules to deal room #3. The system enables a supplier to track any number of deal rooms and label a customer accordingly. The supplier may create subsets of private deal rooms at any time through grouping the deal rooms and saving them with a different name (e.g., —mid-size companies, tier one, large company). This enables the supplier the real-time ability to segment all or some customers according to any number of criteria and current pricing and capacity information. Therefore, the system is a tool for creating any number of pricing configurations among different products and updating those prices and volumes in a moment's notice among the selected deal rooms.
A company is able to see a pricing summary by product type across all deal rooms. For example, the ability to select a product category and have the system return a list of the prices submitted for each along with the current price and the lowest price to be achieved. This allows for the company to track pricing strategy across all deal rooms. The information can be reviewed in any number of configurations: pie chart, bar chart, scatter chart, etc. and any subsets of deal rooms. Statistical numbers are also available including totals, averages, etc.
The system also provides a running list of all buyers that have access to all deal rooms supported by the company. This is done through a search file in that private deal room and saved to the master management system. Every deal room has a different URL such as WCeWinWin.com or ADeWinWin.com with the requisite security. The system is also capable of performing a search by entering the customer name which then provides the proper deal room and password. Changes may be made by the supplier. The option to have an OpenOffer Sheet posted on a regular interval and/or to have it programmed to reset the offer with a rolling date (e.g., daily, weekly, bi-weekly, monthly) is available on the master and individual sites. In addition, the ability to alter a component(s) of the OpenOffer Sheet and save that variation under a different stored name is possible. For example, if price is selected to stay constant while the ship date changes to the next business day on a regular interval, that open offer sheet can be saved and posted. The iteration will change with the passing of time. Likewise, the function of freezing all OpenOffer sheets with or without intervals is possible with a simple freeze command.
The ability to retract a previous OpenOffer sheet is available as well. This recall feature will pull the offers from all of the deal rooms or a combination selected by the supplier. The product name and identification number can be accessed and the recall feature engaged. In the event that orders are already placed within the open offer sheets, the supplier will fulfill the order as scheduled.
The supplier can also list and search open offers that have no orders. This is done with a quick search that will pull up the open offers, deal room URL, projected ship date, etc. The master list can be perused and when highlighted, the supplier has the option of modifying the information accordingly and then post again within the specified deal rooms. Such changes as price, volumes, ship dates, close dates, etc. can be made and the new deal rooms submitted. The ability for a supplier to create another deal room online instantly is available. The option is resident on particular website (e.g., the current site). The supplier highlights a “create new deal room” option and is presented with the room identification number and the base URL. The supplier is asked to name the URL with up to a certain number of digits. Once the name and administrator's password is selected, the new deal room is available. Additional information including contact name, e-mail address of contact, and the like is resident.
The ability for a company to create a private deal room online for invited buyers is provided. The invited buyers are notified of the opening of the deal room and given a username and password, so that their name remains anonymous. Preferred customers can also be given special pseudo names, so that they can travel from deal room to deal room, while maintaining their anonymity from reports generated by other suppliers and buyers utilizing the OpenOffer Management system. The option of automatically sending e-mail notification of the deal to preferred customers is provided.
The ability for a company to create a private deal room online, without revealing their identity is provided. The supplier can enter a pseudo name and basic company criteria, such as the type of company (e.g., Fortune 500, midsize, small . . . ), quality ranking, type of business (e.g., specialized, conglomerate). The company can then track purchases and demand utilizing the pseudo name. The deal room can be configured to be offered to a specified group, such as distributors or preferred customers, or the general public as a blind offer. The deal room can be configured as a single order deal or as a time specified deal that allows buyers to aggregate in and reduce the price. The ability to request transaction fees in real-time across all deal rooms. The fee structure is applied for that customer based on the number of single transactions (e.g., completion of open offer sheet by customer) and this figure is calculated accordingly for an online transactional fee.
This aspect of the subject invention (e.g., implemented via software) captures and collates either all current or historical orders from all OpenOffer sheets. An OpenOffer Request Form enables a buyer on the system to alert suppliers of the product needed to category, quantity and shipment needs. This allows the suppliers to respond with OpenOffer Sheets that match this need. The alert is made by e-mail to a designated address given by the supplier. The buyer can request a private deal room, so that the identity of the buyer remains anonymous. Additionally, the buyer can provide a pseudo name or an e-mail address, so that the supplier can notify the buyer or post a message to the buyer.
An OpenOffer Request Summary is available by product category. For instance, the supplier may wish to aggregate requests from all deal rooms by product category. In this way, the supplier may see the level of demand of its buyers in advance of placing an OpenOffer for the product. This feature can be accessed in real-time. An icon can be clicked to show the summary of products being requested and pertinent data related to shipments. Excess capacity can be priced to preferred customers. The ability to compare current orders for a product on a timeline with the aggregated volume received from OpenOffer Requests for the same product and requested ship dates is also available. This aggregation and comparison enables the supplier to more accurately determine production estimates and forecasts. This allows for better planned production and the ability to evaluate the cost savings in terms of labor, material, production runs, etc. which, in turn, enables the supplier to estimate the savings and prepare the appropriate price and volume points. A search engine system is included for searching for deals over different supplier sites including the particular product requested. Other information included in the system can include but is not limited to:
This aspect of the invention affords the buyer to review product summaries and order information in any number of ways on the system based on private buyer deal room transactions:
This aspect of the invention (e.g., implemented via software) captures and collates either all current or historical orders from all OpenOffer and OpenOffer Request sheets. The trend analysis system aggregates the patterns of buyers with regard to purchases and demand. The trend analysis system also aggregates the patterns of suppliers with regard to offers and performance criteria to form a variety of trend analysis reports. The system also enables analysis to facilitate buying blocks for buyers and to assist suppliers in adjustment of their deal room offers. Additionally, the trend analysis system provides reports on anonymous buyers and sellers by their psuedo name. The system can communicate between websites to rank suppliers based on different criteria, and can also establish transactional profiles based on industries, geographical location and time periods. The various trend analyses can be provided in different formats (e.g., pie charts, time lines, etc.). The trend analysis system can be utilized to identify various problems with buyer OpenOfferRequest trends and supplier OpenOffer trends and communicated back to the buyers and/or suppliers.
This aspect of the subject invention is capable of providing a file for suppliers to see the relative market share they have for a single product versus their competition. Substantially every item but price is able to be reviewed by the supplier online with the same functionality as the private buyer deal room management system.
The previous activity of the buyer on a site is recorded through such criteria as amount of cancelled orders (as expressed by a number of percent), the track record of on-time payment, etc., until a ranking is assigned to the buyer either manually or by default criteria set by the manufacturer. For instance, a buyer with a 100% rate of taking receipt of all orders online and 100% of paying within 30 days would be assigned a high value such as AA. When this buyer returned to the site and entered a password, the AA rating would be denoted and a series of value-added services would be made available to that buyer such as a 5% discount for placing an aggregated order, special offers such as a rebate ofx amount when the buyer is the first to place an order in the aggregated OpenOffer, etc.
In addition, a dynamic price can be assigned to the ranking of a buyer. For instance, buyers can be ranked in various groups such as AA, BB, or CC based on their past history. The AA can be tied to an automatic 5% discount whereby all aggregated prices change automatically when the password of that company is entered. A company with a CC ranking could actually see a 5% premium when they visited the same site, simply based on their password and past performance. A buyer that has a history of canceling may carry a higher cost to the supplier. This cost, in turn, can be programmed into that particular buyer's ranking on the site. In this way, additional DealRooms may not be required as the same DealRoom will take on the characteristics of that buyer.
The rating of a buyer on one particular DealRoom can be aggregated and averaged along with the DealRooms of other suppliers to develop an accurate buyer profile. This profile can be accessed by supplier to determine customer access and prices.
A supplier can list as an option for certain customers a Not To Exceed (NTE) option. In this case, a buyer has already negotiated aNTE price through a blanket contract for a set period of time (e.g., one year). The NTE tag along with the set price is programmed into the site through a series of criteria fields. The buyer can place orders on the aggregated schedule at any time. If the eventual price is below the NTE price, the order is executed at the lower price. If the eventual price is above the NTE price, the buyer is guaranteed that the highest price paid will be the NTE price. As such, the buyer is capable of improving the pre-negotiated price. Thus, the buyer can use regional prices to their advantage, and the supplier can secure a fixed period contract to baseload the business while adding value for this prime customer.
The baseload option status can be conferred upon a buyer by the supplier. In this case, the supplier negotiates a better price at the onset of the year in exchange for guaranteed acceptance by the buyer of product orders throughout the year. Once the buyer accepts shipment over the course of the year on pre-determined dates, the supplier can then post planned inventory in advance based on this baseloaded business. For instance, if the buyer agrees to accept shipment of 100 racks of glass the first week of every month for the next six months, the supplier then posts the availability of an additional 50 racks of the same glass for the same week. The existence of the original buyer provides a base to the supplier that absorbs much of the fixed costs associated with the scheduling while the incremental 50 racks represent proper capacity utilization at much higher profit margins. The schedule can be posted in advance at prices that create an incentive for additional orders from other buyers on the site. ANTE price option can also be given to this supplier.
This status can be conferred on a buyer as an incentive for the buyer to place orders early in the c:ycle of a product. One way to confer status is through a point system. Every time a buyer is the first to place an order in an OpenOffer Sheet, points can be accrued that result in a year-end rebate or some other incentive. For instance, 5 points assigned to every time the company is the first to order in an OpenOffer sheet applies towards the points needed by the end of the year to secure a discount. Such an incentive creates customer loyalty and rewards a buyer beyond the current system of discounts. Likewise, a rating system applied to non-cancellation or proper payment could further reinforce this behavior.
A screen setting is available that allows a buyer to post a series of product categories in a deal room with the current price setting and the close date. The buyer is able to check the current price of clear glass, for example, on a real-time basis by supplier or group of suppliers, and the respective volume still available by the close date. A product exchange is literally available to the buyer on an as-needed and customized basis. Likewise, the supplier can have a screen that shows the current prices of all OpenOffers across deal rooms and additional information.
The supplier is capable of engaging a feature in the system to aggregate, by product category, the total amount of product that has been ordered, when it is due to ship and the remaining amount of product that is still available. By inputting the amount of available inventory of the product on site, the supplier is able to see the production schedule for the product over the next duration of a week, month, quarter or year. This schedule can be viewed in a graph form with total capacity acting as the backdrop to total production currently booked. The system is capable of incorporating information from the supplier's MRP (Manufacturing Resource Planning) system in order to determine the total capacity available. Also, a field of total capacity per time period can be inserted. Now, the system can return an OpenOffer sheet automatically with the amount of volume available. The supplier can split the product offering among a couple of different OpenOffer Sheets and DealRooms. The system can also alert the supplier of the DealRoom with the highest price, historically, and where the excess volume should be placed.
The buyer and supplier both have access to a historical purchase by a product category. The buyer can review historic product demand schedules and request that the DFS take over. The Demand Forecast System takes the preceding history and conducts an average, extrapolating into the future the anticipated demand. This demand is automatically placed into OpenOffer sheets. The OpenOffer sheets can be sent to the suppliers for that product category. The supplier simply assigns a price schedule based on the volume and submits the form to the deal room. The process saves the supplier and buyer from calculating or requesting forecasted demand manually.
In this case, the supplier has the option of lowering a price automatically based on market activity. A supplier of clear glass has set a price and volume schedule. If the activity of the site is such that multiple glass orders have been placed, and the data show such orders have taken place with other suppliers of the same product, registered discounts may be triggered by such activity automatically if pre-determined by the supplier. No pricing information is shared. Rather it is simply based on the volume of product. The supplier may come in with pricing starting at $0.29 per square foot of glass. If the trigger point is reached with enough orders being placed with other suppliers, the price is dropped to a pre-determined schedule already determined by the supplier. Conversely, the price can be set to increase if activity is skewed too heavily to the supplier in question. In this case, if orders are coming in sooner than anticipated the supplier has the option to pull the pricing schedule automatically (either dropping all current orders to their lowest point or not) and resubmit the pricing at a different schedule predetermined by the supplier.
Also, the supplier can program the price feature to engage over several deal rooms. For instance, assuming the glass price in one deal room is priced higher and is being accepted by the customer, the system will automatically alert the supplier of this happening and suggest additional volume be placed in that room. The program could also allow for the supplier to automatically post more product, say a specified amount, to the deal room with the highest price.
Additional criteria can be added to this analysis. Assuming a deal room profile of customers that accept the order on-time, pay in a timely manner, and pay a higher price than other deal rooms would automatically be listed as the first company to receive the next available product volume.
A timed offer can also be preset with the supplier having the ability to preset dynamic pricing as the time elapses on a open offer sheet. Assuming no one has placed an order or if available quantities are still available, the price can be programmed to drop by a percentage throughout the remainder of the bid until a hidden price point is reached. The buyers are encouraged to place their orders accordingly until the market price has been established. Other aspects of purchasing can also be included, such as, times purchased, number of visits before order, price point at first visit, second visit, products ordered, etc.
The record can also include information from the supplier, such as whether a prospective buyer pays on time (yes or no, or ranking applied, rating, etc.), whether a prospective buyer pays on time (yes or no, or ranking applied, rating, etc.) and whether a prospective buyer gives a supplier only 40% of business (potential to get more business)? If yes, then the buyer joins another group segmented by the supplier). Special offers to buyers, such as discounts and/or coupons, which may be in the form of a percent off the curve or a new curve if a buyer agrees to place an order during this visit.
The cost to service customers can vary according to a variety of factors. One of which is when the order is placed. For example, the sooner an order is placed, the more beneficial it is to the supplier with the ability to plan production to reduce costs of the subsequent orders. The earlier an order is placed and the larger the amount, the more value may be created.
One example of motivating buyers to place orders sooner involves an initial offering of lower curves to a group of buyers. The curve (or curves) can change according to a pre-determined set of criteria. For instance, buyer A sees a curve 2200 as shown in
However, as shown in
A customer relations management (CRM) system can record all of this information for each buyer so that custom curves can be set-up by the supplier. For instance, assume a buyer has ordered product A three times over the past six months. The first order was placed when the product price was $22, the second when it was $20 and the third when it was $20 again. The final price received was $17, $16 and $15 respectively. The next curve the buyer may see will be set automatically based on the supplier's specification. Examples of such specifications include but are not limited to:
The CRM system of the subject invention can evaluate buyer patterns and tendencies and determine the optimal price curve for each buyer, group of buyers, sub-segment of buyers, etc. Such curves will be created in rapid succession whenever the tool is constructed and filled out by the supplier for each buyer. Curves will be created around a particular buyer's online experiences.
A seller may also designate an instant Not to exceed (NTE) price based on certain buyers going online. For instance, in the previous example buyer A may go online and be offered a price somewhere in the middle of the curve as a NTE $18 dollars. In which case, the buyer will be guaranteed that price at a maximum with the potential to get a better price as the volume increases. These alerts can be customized based on the data collected from that buyer and set into the software to appear on selected products and offers. These can also be sent to directly to the buyers via software generated HTML updates and notices of the offer, sent to voice mail, PDA's etc.
A buyer may also be given the special offer after closing to receive an additional 2% of the total price to help facilitate more sales. Other specials can include: order now and receive free shipping, a 5% off the next order or this order, free storage for x number of days, etc.
The CRM software can record every offer ever made to a buyer and document which offer(s) was successful. This information can be analyzed for buyer patterns and provide input on future curves/new buyer segments, etc. For instance, buyers that ordered at a price point of $20 were 80% more likely to add to the order when free shipping was included.
Likewise, data from online questionnaires can be tabulated and presented as part of the buyer profile and used in future offers. A buyer who states they like the free shipping feature can be segmented into a group in which that offer is made available; the new price curve may reflect a surcharge for such feature.
Conversely, buyers who like the no-cost storage for 30 days could see a different curve automatically with that a part of the offer. In this way, the buyer's behavior and input will be used to automatically present curves that reflect their wants and/or needs.
Buyers may also buy futures of a product. For instance, a group offer may be presented. The buyer can place the order for X quantity. The supplier has the right to buy back the product from the buyer if desired. The buyer may be given a lower price for this option. Thus, the buyer can take the product for predetermined period of time, and the supplier may buy back the product at a same (or different) price if desired.
A supplier can post three curves for the same product and a buyer can select which price curve will be applied to a particular product by accepting different terms and conditions associated with each curve.
Buyers can receive personalized offers, such as, place order now, place order on your next visit, place order within x period of time, add to your initial order and receive X % more off this purchase or receive a deeper discount curve.
A buyer can have the ability add to a previous order without going back to a website. For example, HTML (voice mail, pda, cell phone . . . ) can be generated and sent to the buyer showing the price curve and the total volume ordered. Based on this knowledge, the buyer is able to click on the HTML and be directly be sent to the curve's order form (or have fields already presented there) and add to the initial order. The system would update the order automatically, post the new volume on the purchase order and update the curve at the same time.
Likewise, special offers can be delivered via this same medium. For instance, a special offer for a buyer to order now and immediately receive 3% off the price of the product regardless of any more orders being placed would allow a buyer to add to the order.
A supplier is able to click an icon which opens the curve's close date. An automatic message can be generated within a specified period of time (e.g., x days before close, a few hours before close, etc.) that asks the supplier if the offer should be extended for x hours, days, etc. The supplier can simply click on an icon and a field appears in which the supplier selects an acceptable time period. An email may then generate an automatic alert letting buyers know of this opportunity.
This feature can also be sent to those buyers listed in the CRM program that have or have not visited the offer. The curve can be sent to the group of buyers with the extension and price. A special offer can be included as well that offers these buyers an extra incentive to place an order. Since the buyers are registered, they can agree to place an order from the HTML notice if they have engaged this feature on their end.
Changes in minimum order quantities can also be done via a notification system. The supplier may specify a certain minimum for an offer. Once it is reached, a notice can go out which changes the minimum for future purchases. Also, once a minimum quantity is reached, the supplier can set the program to change the price curve. Future buyers may see different starting, middle and ending price figures.
A supplier can create spot curve such as spot curve 2410, as shown in
The buyer also has the ability to change the accept date. The system will calculate the new price based on the underlying carrying cost. An alert will go out to the buyer (he can request to be notified within a period of time).
For instance, a buyer has agreed to purchase 20 tons of steel. He specifies 10 tons to be delivered on the 10th and the other 10 tons to be delivered on the 30th. The total order is then calculated based on what surcharge has been placed on the offer by the supplier (the surcharge may also be $0). As more buyers order, the price drops according to the curve. A ship location may also be identified to specify if the first 10 tons need to be delivered to a certain location and the second 10 tons to a different location. A ship icon can be used to present the transportation costs and a total icon can be used to present the total costs to the buyer.
A supplier can offer products according to a specific date range (e.g. —week) or by a particular date. A buyer could have the option of choosing an icon for a specific date to have delivery made. The supplier can add the costs per day or even per hour, on each ship date. The buyer gets the benefit of a group purchase with receipt at the given time. If the buyer needs to change the ship date, he can do so by clicking on change ship date. The quantities ordered, the shipping location, the order number, the date of delivery, etc. can be listed and a Modify button can be clicked to change the quantities shipped and the dates. If the change is outside of a predetermined range, a cost may be levied. If the date specified is in such a range that carries a surcharge, then the buyer would be billed the extra cost (a calculation can be set by the measured quantity such as tons and the carrying cost per day associated with that unit). This is an optional feature that can be turned on or off dependent upon the supplier and what groups of buyers have this feature engaged.
Also, this feature can be turned off during the offer and an HTML can be sent to buyers letting them know the order can be placed and they will not be charged for storage up until x date. This is a semi-automatic or automatic feature that is embedded in the software.
A shipping icon can flash once an order has been placed asking the buyer if they would like to arrange for shipping at this time. The current price per mile or other form of pricing can be presented.
A buyer can click on an icon that directs them to his/her order page in which the buyer can change the options of the product selected. For example, a buyer may place an initial order for 50,000 units without specifying any or all of the options and/or details associated with the product. Later, the buyer can return and specify one or more of the options, ship dates, etc. for the products. There may or may not be a charge for this feature.
This feature allows a buyer to change a total quantity ordered. The curve may not change for the group of buyers who already ordered. This event, however, could trigger changes in slope, prices, quantities available, etc. for the other curves. A surcharge may be levied or not based on the supplier's decision.
A first price for a product may be $25 and a final price for the product may be $15. The software allows a supplier to define such prices along with a volume and a price curve can automatically calculates any price breaks. The supplier can specify a number of breaks that should be calculated, such as 2 or 3. Specify a shallow initial curve, and the curve automatically is set up, or specify a deeper curve, and the curve is presented.
The uniqueness of this curve is that with every minimum order (if set), the price drops according to the curve. For instance, the supplier sets the top and bottom prices along with the volume. As every order is placed, the curve automatically reflects the current price (e.g. —could be in dollars, cents). Regardless, every order reduces the final price.
The slope can also change to reflect a deeper curve at the beginning, and then shallow out at the end. A supplier specifies the type of curve (an icon with different slopes can be presented and the supplier simply has to click on the slope of choice and the prices will calculate automatically). The curve is superior in many ways because the buyers don't need a larger incremental volume to be reached before receiving a lower price.
This curve can also be introduced into a regular curve. The initial curve starts out with segments. Buyers can be notified via HTML that the offer has been modified so that every order will drop the price. A minimum can also be changed. Regardless, the value to the buyers is the ability to add to their initial order and know that every unit will reduce their price even more. Multiple curves can be linked and de-linked at will by the supplier.
New price breaks can be introduced by a supplier with a single click of the icon. The price breaks are presented and the supplier can make changes by clicking on the break in question, clicking on a percent and clicking on reduce or increase, and pressing submit. All buyers, specified buyers, and/or those buyers who haven't seen price curve yet, etc. can be notified of the new price curve.
A buyer can have access to all such changes made by a particular supplier. For instance, in a buyer's deal room the information on the supplier's changes to curves, segments, prices, different buyers, etc. can be evaluated.
The supplier can make available to the buyer the average price for a product over the last X number of offers, time, etc. The metrics can be listed in their entirety, or in some form as controlled by the supplier (or buyer in the BSDR (Buyer Sponsored Deal Room)). Probabilities would be calculated and shown to the buyers: for instance there is a 70% probability the next price tier of x dollars will be reached with the margin of error displayed.
If a percentage of probability is not holding true on an order and time is passing quickly, an alert system will let the supplier know of the options available (i.e., drop price curve, shill order, offer special curve to certain buyers (e.g. A profile buyers).
The following section describes how production scheduling, the supplier's CRM package, DAS and DAS CRM can interact with one another to create a system that adds value for buyers and suppliers.
By way of example, a production run can be scheduled for six weeks from now for product B with options X and Y available. The total quantity to be produced is x, and x+300 is the optimal run. The scheduler can indicate this to the product manager/sales manage, or the like, with the notice: Do we post the remaining quantity in the DealRoom? Or, the software will be written to automatically post these offers to the DealRoom with the same ship date, fob point, etc. populating accordingly to the buyers listed in the DealRoom/CRM package. Once the curve is created and confirmed (automatically or semi-automatically by the other party), the curve is posted in the DealRoom and the emails alerting the appropriate buyers (as listed in the CRM) and internal people (e.g. sales, inside customer service, etc.) are sent. Multiple curves may be sent, linear offers may be prepared (e.g. show curve 1 for 24 hours, if not takers post curve 2, etc.) or any number of other features may be included as listed in this patent application and other applications. Further elaborating on this feature, the software can be configured with a series of if, then instructions:
The system allows for the supplier to change the sequence and the time between offers (first offer may be for A, if no orders or a certain thresholds not ordered then offer B and C concurrently with linked curves). If an order were to be received online in the deal room, it would automatically populate the production schedule with quantity ordered and other specifics and/or the order entry software. Likewise, if an order came in from the order entry system, the change would be reflected in the deal room (e.g. capacity changed, minimums changed, curves changed, etc.). A stimulus event would impact the other parts of the system, and show up as a way to price out the available capacity. Likewise, cancelled orders/changes to production runs would immediately change the offers and order entry data. If the total quantity has been ordered, a notice would be sent to production regarding additional capacity/quantity.
A change in the production schedule would also alert the marketing/sales manager of available capacity and the ability to add to the curve. The cost curve for the product is also available for viewing. The manager can determine what price curve should be set. Also, customer feedback as to when they would like to receive their next order can be tabulated and sent to the production manager. The production manager can put into the schedule and agree to the total volume optimal in the run. The marketing manager is notified, approving of the offer specifics and the buyers to be contacted, and the order entry software is also contacted with the information and is shown on the screen for internal order takers/sales representatives.
The data collected from the order entry system regarding the customers who ordered, their volumes, prices, etc. can be shared and inputted into the CRM package for data analysis. Buyer spending limits set in the order entry system can be set and carried across to the DAS deal room. A credit system/amount available can also be referenced in the software and indicated to the buyer and supplier. If the buyer attempts to exceed his limit, a notice is given that he is doing so and needs to speak with the supplier. The order has not impacted the curve at this time.
A supplier or seller is able to post curves that can be pulled at any time. Buyers are aware of these special offers and thus, may not choose to plan their production on this availability. These are truly spot opportunities and must be seized immediately. A guide can be provided to the buyers on the types of curves that can be presented.
An example of a multi-dimensional curve 2500 is shown in
A not to exceed option can also be placed in this model. The NTE means a buyer would never pay more than the existing price where they placed an order, even if the curve was going up. Further, a downward curve connected at the time of purchase may be offered to give the buyer a better opportunity to get a lower price.
A buyer can purchase an option to buy the product during the offer. For instance, a fee would be paid by the buyer to hold a slot in the production schedule for X number of product A. The supplier may post certain restrictions such as time of option to be exercised, etc. If the option is exercised, then the price is confirmed. If the option is not exercised, the supplier has this capacity to sell but would collect a fee from the buyer holding the option.
Another example of a curve 2600 is shown in
XXXV. Option to have Production Schedule Underwritten by a Third Party
To set up a line and produce a product is a costly venture, especially if volume is not known or the run length is incomplete. Using DAS (Demand Aggregation System), a supplier will have the option for a third party to underwrite the cost of the production run if certain volumes are not ordered. Based on archival data, a third party can set the proper risk assessment and tie a financial figure to it. The software would record the figure and the volume required.
For example, a run would be set-up and a final volume reached. If the volume did not reach a certain threshold, then the third party would pay the supplier. If the volume did reach the threshold, then the third party would keep the payment. Partial volumes could also dictate what level of the payment would be released by the third party. In this way, a form of insurance could be purchased by the manufacturer producing the good. These contracts would be available for common trading among third parties.
Other factors which may be used in this example are: post production run, ship date, FOB point, product, quantity, history, the right to purchase X of product A within a specified period . . . option price of X. Buyers can also participate, being able to buy options to purchase X amount of product.
Another variation on the price curve is shown with respect to
Sales representatives/ISR's when viewing both pricing curves, forgers and service centers, for example, would like to know which curve they are viewing. Accordingly, a name and/or color can be provided thereon to denote them.
Currently sales reps are able to see the two different curves (e.g., Forgers and Service Centers). One way to remedy this is to give them options. When they log on, a drop down box on the first page (home page) would let them choose whether to see Steel Centers, Forgers, or any contract price people. In essence, they would be logged in as this person and be able to see exactly what the buyer was seeing. Also, the option of view all could be added. This option would allow them to see all the different curves. To distinguish, rather than color, an extra field could be added in the aggregated offers page. This field would provide the company name, or name of the group of buyers that were able to see this specific curve.
For example, a supplier has posted an aggregated offer for ship date Y. An order enters the system from a buyer with a different ship date X specified (could be the internal ERP system, other order entry system). The order is taken and the system determines there is a new ship date with an X ship date. The system references the new ship date with the old. The system can be programmed to defer to the new ship date by a number of criteria (such as by the customer who ordered the product, the amount ordered, etc.). If so, the program can be set to automatically do the following:
Product offers can be set up with a minimum order quantity to simulate normal business practices. The demand aggregation system or component of the subject invention also allows an offer to be configured with a multiple minimum order quantities. Once the volume on a particular offer reaches a predetermined level, the minimum order quantity can be lowered (or presumably, raised).
For example, an offer for 12L14 bar could be set up with an initial minimum order quantity of 10 tons. Once orders have been placed totaling 100 tons, the minimum order quantity could be lowered to 5 tons automatically.
Product offers are generally determined by the supplier. However, DAS has the capability to survey buyers of a product. The buyer can indicate a desired purchasing schedule, indicating the types of products, product options, quantities and delivery dates. Using this information, a supplier can determine a production schedule that meets their internal goals, while accommodating customer demand.
As new offers are created, the demand aggregation system of the subject invention can aid with the marketing and promotion of those offers. During the offer creation process, DAS can notify the action manager of two potential pools of customers. First, DAS generates a list of customers who have purchased that particular product before. Second, DAS can generate a list of potential customers, based on the survey data of registered buyers.
Using these two lists of buyers, the action manager (or Supplier) can then create a targeted marketing program. DAS will allow new offer notification both by email and by fax, amongst other means. A buyer with a particular product tagged will automatically or semi-automatically receive alerts whenever the product has been ordered.
As orders on offers are placed, prices may fall based on the pre-determined price curve. As prices fall, DAS can generate different lists of customers, such as: those who have already placed orders; those who have purchased that particular product before; and potential customers, based on the survey data of registered buyers. An action manager can be notified of the price reduction and presented with the list. They can then elect to notify any or all of the groups to the new price (and savings) via email or fax or other means.
A buyer can receive a real-time alert (e.g., HTML, instant message, page, text message) notifying the buyer of the current price. An icon may then appear that allows the buyer to click on to place an order immediately. The system allows an approved buyer to bypass the front page (name and password sections) and the other pages in between, and be at the order page. The buyer simply enters the order (or adds to the already placed order) within a single key-stroke.
Every buyer is given a percent off the price of a product along with a scheduled discount curve based on total volume ordered The buyer's discount follows the buyer throughout the deal room and by product. As more volume is ordered for a particular product, (e.g., 100 tons), the buyer would experience the discount from their own price volume curve. In this way, 100 buyers could have 100 price curves while still aggregating their demand on the same curve. All buyers can be tethered off a production volume tied to a certain ship date or period.
The percent off could also change according to time or any other criteria selected by the supplier (e.g., product, FOB point, volume, etc.) If the buyer has not ordered yet, his personal discount may be reduced as more orders come in. Conversely, if few orders are placed, the buyer may see an increase in the discount curve until he orders. Once he does, his particular price curve is “locked in” for the remaining offer time.
A sales manager dashboard can be incorporated into the subject system. The dashboard is designed to enable a user to quickly set up deal rooms, offers, products, customers, and customer groups. Each of these functions can be accessed from a standard web browser or wireless PDA, for instance. Thus, this mechanism allows quick set up and configuration of each set of data.
The dashboard may also contain a plurality of wizards that can quickly configure a set of information. A deal room wizard allows a user to quickly create new groups of customers based on geography, company size, sales volume, or any other category grouping. A point and drag feature can be included to direct a potential buyer, a product offer, etc. to a deal room. An offer wizard allows a user to quickly create new offers, based on previous offers or entirely new offers. A product wizard allows a user to add products to be offered. A customer wizard allows a user to register new users by manually entering information or importing information from existing data sources (e.g., a spreadsheet). Users can be set up from a workstation or the information can be entered remotely from a wireless PDA. A customer group wizard allows a user to create new customer groups, reassign customers within groups, remove customers from groups, or remove entire groups.
Each wizard, upon substantially completing its function, has the ability to determine if another wizard should be invoked. For example, once the deal room wizard has completed setting up a new deal room and the customers that will have access to that deal room, the next logical step is to call the product wizard to create products that will be offered in the new deal room. The offer wizard could then be called next to configure the offers for those products. Likewise, the customer wizard can call the customer group wizard in order to assign a new customer to an appropriate group or groups of buyers.
The sales manager dashboard may be accessed via a phone line. For example: a user calls a 1800 number to access his DealRoom. The user is then asked to enter a code, which may be entered on the number pad or spoken into the phone receiver. Once accepted by the system, the user hears a series of prompts. The prompts may include:
To post a new offer, press or say 1. Here a series of prompts then walks the user through a series of fields to be completed (e.g., the product, starting price, price breaks, ending price, quantities). The user can at anytime review the information for accuracy. The company name and buyer(s) or groups of buyers that have access to the product are then entered. Finally, a confirmation is sent to the user to confirm the order. The confirmation may be sent via email, instant message, etc. After the initial offer, the software can automatically enter new offers for the user over the phone based on the user's input.
To add a new customer, press or say 2. Here a buyer can be added online with a notification (e.g., via email, instant message . . . ) sent to the buyer with user name and password information.
To change a customer's options, press or say 3. Here a customer can be added or removed from a specified deal room.
To find current orders, press or say 4. Here a user can find his current, outstanding orders, or a seller can find any outstanding orders by customer and/or product.
To find DealRoom information, press or say 5. Here a user can determine when a deal room will close, what the current product price in the deal room is, etc.
A user can navigate through and even customize the options in order to have access to any and all information available in a DealRoom. Restrictions upon these options may be set by a system administrator.
An example of the use of a sales manager's dashboard can be a quick configuration of offers for products after a sales meeting. When a supplier determines sales goals, focus on sales in a particular product line, or any other sales based initiatives, the system can be immediately configured to support these initiatives. For instance, new offers can be created for products determined to be hot sellers; new customer groups can be created to support initiatives to enter a new sales territory; and/or new DealRooms can be set up to accommodate a restructuring of sales accounts.
The action manager can have access to part of or the entire operation of all deal rooms from multiple suppliers, multiple buyer and supplier price curves, etc. from a single screen. For example, drop down menus allow an action manager to see a list of all deal rooms by supplier. Selecting a folder allows the action manager to then see the various deal rooms within each supplier deal room. Selecting the folder again allows the action manager to view the products offered in that particular deal room. In one section of the screen, the action manager can search via filters/free text searches to pull up the name of a deal room, buyer, etc. Headings displayed in the search box can include new customers, existing customers, etc. A point and drag system lets the action manager put a new buyer into a proper deal room (listed in folders on a side of the screen). This tool enables the action manager to quickly post new customers to deal rooms, change access rights, or delete from the deal room. If the action manager selects a buyer name, another portion of the screen displays the individual buyer information as well as access to notes, contact information, name and password information, etc.
Another portion of the screen can include a delimiting function that allows the action manager to limit searches 1;>y state, company name, deal room folder, product folder, etc. Likewise, individual buyer information is available by selecting that particular folder. A product profile is also listed for each buyer which can be completed by a buyer via email, upon registration, or by the action manager during a phone call. Products are tagged and as orders are placed for those products, the buyer is alerted via email automatically sent from this dashboard. The orders can also be tabulated and viewed through the dashboard. The products the buyer purchases can be color coded to show a profile including but not limited to:
As each of the wizards is called, a user can configure a series of notifications. These notifications can be done via email, fax, or paging, to a workstation, wireless PDA, or phone/pager. As part of the customer wizard, the user can choose to be notified the first time a new user logs onto the system, or the first time a user places an order. As part of the offer wizard, the user can choose to be notified when the first order is placed, when the volume of product ordered reaches a predetermined point, or when the offer is about to close.
When an order is cancelled, the volume may not be removed from the price curve due to the desire to show price transparency. However, this is likely to cause the supplier a significant loss since the buying group will be given the discounted price without the ordering the volume of product that warrants such a discount. Cancellation fees may be imposed, however, if the cancellation takes place at the top of the curve, the margin of loss is still high. In order to protect a supplier from future losses, it is desired to keep the canceling buyer segregated from the other buyers. This can be done by showing the canceling buyer the curve that the other buyers see. If the canceling buyer places and order on his/her curve, this volume will be placed in his/her curve only. Thus, the other buyers will not be affected. When the offer closes, and if the canceling buyer has not cancelled the order, the volume will be added into the curve for the other buyers and the price will be discounted accordingly. This system could be accomplished by allowing a buyer to select an option to hold volume until close.
The system can allow a customer to have a predefined purchasing profile. For example, if a customer typically purchases a particular product with particular options, the customer's personalized information will be automatically retrieved and entered when a new order for the customer is initiated. Likewise, if a customer has a contract pricing relationship with a supplier, the customer's contract price, along with the customer's standard options and purchase information will be automatically retrieved and entered when a new order for the customer is initiated.
Reminders, via email or instant message or the like, could also be sent to the customer based on his/her personal purchasing profile. For example, if a customer desires to place orders 45 days in advance for particular products, the system could send reminders to the purchasing agent if the customer has not ordered within the 45 days. It is to be appreciated that any predetermined amount of time may be configured for the reminders.
The system can also automatically update fields, such as the additional information field and the shipping instructions field, based on the customer's location. For example, if a customer typically has product A sent to his/her plant at location X and product B sent to his/her plant at location Y, the instructions specific to each product can be identified and attached to the appropriate orders.
Another variation is a buyer with multiple products that are ordered from a particular supplier. A listing of these products is placed in the buyer's customer profile. When a new curve is introduced for one of these products, the buyer receives an alert or feeder, as will be discussed in greater detail below. If the alert is received via email, the email can contain a link and/or order icon, which will allow the buyer to place a new order automatically. The customer profile can be further tailored to match ship dates between the profile and the supplier's product offering prior to sending an alert to the buyer.
The buyer may choose to have a feeder running across a portion of the buyer's home page, which displays the current offers and prices for products in the customer profile. The price and ship dates can be listed along with the price curves. An icon may be selected to see the current price curve. Thus, the buyer can view, firsthand, the ability to group a purchase. With one click, the buyer can access a particular deal room which displays the product curve and order page that the buyer is interested in. Or, from the feeder, the buyer can click on a product and an order screen for the product appears. The feeder can be updated in real-time to reflect new product prices and volumes available.
If the buyer has already placed an order for the product with a different ship date, the system displays the old ship date and the new ship date to the buyer. The buyer is then given the opportunity to transfer the order to the new ship date by selecting an accept new ship date icon. A confirmation notice via email, for example, is sent to the buyer to inform him/her of the specific terms (e.g., cancellation terms) of the offer. The information immediately allows the order to be put onto a group purchase option and the price curve reflects the new change.
The system can automatically, or semi-automatically, post additional price breaks within an existing offer. For instance, if an offer has a first price break of five dollars at 100 units and a second price break of ten dollars at 300 units, the system can automatically post price breaks according to a predefined schedule or prompt the supplier to post price breaks at various points between the 100 and 300 quantities. The ten dollars could be broken up equally (i.e., one dollar price break for every 40 units), or a variety of other pricing structures could be established, such as, more breaks at the beginning of the curve, more breaks at the end of the curve, and variations on the increments whether equally distributed or lower dollar amounts initially then higher, etc. The option, once selected by the supplier, could alter the price curves accordingly. Likewise, this feature could be integrated into the system with the ability to alert buyers via email, fax, phone, instant message, etc. of the new price breaks that have been established.
A price curve creation tool allows a supplier to import existing customers and prices (e.g., contract and/or current price) and previous volumes ordered into a price curve. The price in the deal room curve can be established by having the supplier select a starting price curve and an option to put the same price on a first tier for a buyer with a predetermined percentage discount (e.g., 1% off current price when order is placed online), or an option to match an offline price to the first tier of an online curve. The rest of the curve can be created by using a wizard. The wizard can walk the supplier through each buyer's curve from a single screen view and then display a curve that reflects the price and volume breaks for that particular buyer. If the supplier changes quantities, the curve's slope will immediately change to reflect the new price breaks. These price curves can likewise be changed quickly by using the feature to modify an existing curve between deal rooms.
Displays, where a supplier can post for buyers the changes in prices relative to ship dates and time of order, can include:
For instance, a buyer could register to the deal room and instead of seeing a price curve upfront, the buyer would select a product category and then see a calendar appear with different prices for each date (e.g., tied to a ship date or receive date). As an example, on the first day of the month, a product has a price $129/thousand and on the fifth day, the product has a price $127/thousand. The buyer can select a day with a price by clicking on an icon. A price curve appears that shows where the price is in the curve, the next price break, quantity available, time for an order to be placed, etc. Other options also exist, which include but are not limited to:
The buyer can place an order and add to the group's acceptance date. As the offer closes, the price is confirmed and the order executed.
A quick search can be done to find the lowest current price, the lowest potential price, etc. Or, a quick search can be done at the first page by selecting a product and having the chart appear accordingly, or the prices and dates offered appear.
Some dates on the calendar may not have any numbers which would reflect that the product is not available at that time (unless pulled from inventory in which a price can be put in that correlates to the contract price/pull from inventory price).
A carrying cost calendar can be used on the screen as well for the buyer to plug in numbers such a quantity needed, time before product is completely used, date initially needed; average consumption per day, total carrying cost percentages, etc. and the system will return the appropriate volume to order and date.
The system can display information such as: how many buyers have access to a particular offer, how many buyers have visited an offer to date, how much has been ordered by a group over the history of the product.
The system can also include a price protect feature for a supplier. For example, once a buyer has ordered, the screen, or calendar, is copied and is accessible for future use. The data can be forwarded to a database that will track the price and delivery variances and arrive at a price sensitivity profiles for the buyer and the particular product. The supplier can also use this information to generate future calendars for this buyer or other buyers. A ranking system will also be available to show the price sensitivity of this buyer as the different dates and prices are pulled into a database and a color-coded or ranking system is leveled that compares the buyers and puts them into categories, such as: high price sensitivity (1:3)—for every 1% decrease in price, the customer purchases 3% more; medium price sensitivity (1:1.125)—for every 1% decrease in price, the customer purchases 1.25% more, low price sensitivity, and no price sensitivity.
The calendar can also change in real-time based on the information fed into the system by a semi-automatic function (the user inputs changing volumes and prices) or a direct feeding of information from the supplier's ERP system. Current inventory levels would not only change, but also the available volumes.
The supplier or buyer can also have a save feature incorporated that allows the buyer to save the prices presented in the calendar for a period of time determined by the supplier. In this way, the buyer has access to a product's old prices for a period of time while still having access to the lower prices that may appear from changes to the calendar in the interim. It is a way to reward a buyer for participating in the program and can be done automatically by the software and given a name (e.g., calendar 5/1102) for quick access).
The invention also contemplates employment of offer saves. Offer saves allow a buyer to save or freeze an offer online, for example, by saving a chart online. In some cases, freezing an offer can be a requirement from a supplier for a buyer to participate in deal room or with respect a given price curve.
LII. Demand Aggregation across Deal Rooms
Turning to
As shown, the system 2800 is a feedback control system operative to utilize offers from each deal room to affect the price curves related to each buyer. Thus, a the deal rooms 2820 can generate a plurality of offers and such offers can be received by the aggregation component 2810, which in turn determines appropriate price curves for each buyer. After such price curves have been determined, data is sent to the price curve component 2830 to present to the buyer located within a specific deal room.
Communication between the components can be facilitated via various technologies such as wireless, coaxial cable, Ethernet, etc. Thus, the deal rooms 2820, the price curve components 2830 and the aggregation component 2810 can be local or remote to each other as desired. For example, a buyer can be located in his office and employ the Internet to view a supplier price curve relating to a good for sale.
In addition, the aggregation component 2810 can learn behavior via inference. As utilized herein, the term “inference” refers generally to the process of reasoning about or inferring states of the system, environment, and/or user from a set of observations as captured via events and/or data. Inference can be employed to identify a specific context or action, or can generate a probability distribution over states, for example. The inference can be probabilistic—that is, the computation of a probability distribution over states of interest based on a consideration of data and events. Inference can refer to techniques employed for composing higher-level events from a set of events and/or data. Such inference can result in the construction of new events or actions from a set of observed events and/or stored event data, whether or not the events are correlated in close temporal proximity, and whether the events and data come from one or several event and data sources. Various classification schemes and/or systems (e.g., support vector machines, neural networks (e.g., back-propagation, feed forward back propagation, radial bases and fuzzy logic), expert systems, Bayesian networks, and data fusion) can be employed in connection with performing automatic and/or inferred action in connection with the subject invention.
Referring now to
In addition, the potential buyers and/or groups of buyers can be prioritized which can allow certain buyers/groups to be offered the deal ahead of others. In essence, such a structure would create a “right of first refusal” for select buyers that have a higher level of priority with a given sponsor. In a single deal room, a plurality of offers can be made available to a buyer. For instance, 100 buyers can see 100 different offers based on their own particular situations, yet, the activity of each buyer can be connected to and affects the other buyers. Additionally, activity in one private environment can have a direct or indirect impact on another private environment. For example, offers, terms and conditions, prices, options, ship dates, etc. can change or stay constant as a result of the sponsor's underlying offer mechanics.
Moreover, various views can be employed to offers. For example, one view could be a price curve, another could be a calendar showing price variations based on the number of offers accepted. Offers could be displayed in any number of different formats including charts, graphs and other visuals to display the offers in an easy to understand format.
A buyer can receive and/or retrieve offers in any number of formats employed by various platforms such as a PDA, email, internet hyperlink, phone, etc. Such offer data can be saved and categorized to allow a buyer to access such information at a later
time. Additionally, alarms can scheduled so that the buyer is notified when a new offer is available, when an offer is about to expire, etc.
According to an aspect of the invention, price curves can be displayed to buyers or potential buyers in private deal rooms (or alternatively a public deal room). That is, a buyer or a plurality of buyers in one deal room are able make a purchase according to one price curve, while a buyer or group of buyers in yet another private deal room view and are able to make purchases according to a different price curve. Accordingly, price curves directed at particular buyers or potential buyers are distinct and separate from those directed at others. However, price curves can be dependent on other price curves. Activity in one private environment can have a direct or indirect impact on another private environment—offers, terms, conditions, prices, options, ship dates, can change or stay constant as a result of a sponsor's underlying offer mechanics.
At 2910, a first offer is made by a first buyer in a first deal room. Such an offer can be made remotely or locally and can employ any number of technologies to facilitate communication between the buyer and the seller. It is to be appreciated that the offer made by the first buyer can be based on the specific price curve given to or associated with the buyer. At 2920, a second offer is made by a second buyer in a second deal room. Such an offer can be made before, after or simultaneous to the first offer made at 2910. The second offer can be independent of the first offer and a common seller can be the only party aware of both offers. Thus, the private deal room structure can allow a seller to make changes to the price curves as they relate to each other.
At 2930, the offers made by the two buyers are aggregated. Data related to each offer such as ship date, delivery date, cost etc. can be compared using any type of relationship to determine a desired output (e.g., average cost, median lead time, total volume, etc.) After such data is gathered and manipulated, the seller can make adjustments to the amount a buyer will pay for specified goods. At 2940, the price curves for the first and second buyers can be adjusted for example with respect to an aggregate demand that includes the offers made in the first and second deal rooms. Such changes can be based on one or more data points related to the offers, as noted above. In this manner, incoming offers can be aggregated and benefit substantially all the buyers associated with the seller. In addition, a seller can exercise greater control over the planning and production of goods for sale.
It is to be appreciated that any programming methodology and/or computer architecture suitable for carrying out the subject invention may be employed and are intended to fall within the scope of the hereto appended claims.
What has been described above includes examples of the invention. It is, of course, not possible to describe every conceivable combination of components or methodologies for purposes of describing the subject invention, but one of ordinary skill in the art may recognize that many further combinations and permutations of the invention are possible. Accordingly, the subject invention is intended to embrace all such alterations, modifications and variations that fall within the spirit and scope of the appended claims. Furthermore, to the extent that the term “includes or having” is used in either the detailed description or the claims, such term is intended to be inclusive in a manner similar to the term “comprising” as “comprising” is interpreted when employed as a transitional word in a claim.
The present patent application is a continuation and claims the priority benefit of U.S. patent application Ser. No. 11/152,462 filed Jun. 14, 2005, which claims the priority benefit of U.S. provisional application No. 60/579,812 filed Jun. 15, 2004. U.S. patent application Ser. No. 11/152,462 is also a continuation-in-part and claims the priority benefit of U.S. patent application Ser. No. 10/370,237 filed Feb. 20, 2003, now U.S. Pat. No. 7,124,099, issued on Oct. 17, 2006, the disclosures of which are incorporated herein by reference.
| Number | Date | Country | |
|---|---|---|---|
| 60579812 | Jun 2004 | US |
| Number | Date | Country | |
|---|---|---|---|
| Parent | 11152462 | Jun 2005 | US |
| Child | 14704881 | US |
| Number | Date | Country | |
|---|---|---|---|
| Parent | 10370237 | Feb 2003 | US |
| Child | 11152462 | US |
