Providing mined user information to suppliers for generating customized bids
US11488191B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 27, 2019 |
| Grant date | Nov 1, 2022 |
| Priority date | — |
| Expiry date | Apr 17, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Embodiments herein describe a reverse auction application which can collect and display bids for a product or service to a user. The reverse auction application can also gather information about the user such as user preferences, brand loyalty, user characteristics, and the like. This information is provided to suppliers when requesting bids. The suppliers can use this information to then generate customized bids for the user. That is, unlike typical reverse auctions where bidders only compete over price, the bidders can use the user information provided by the reverse auction application to add incentives, offer combination orders, or offer additional services in their bids, as well as determine an optimum price.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.