Conditional purchase offer (CPO) management system for packages
US6553346B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 4, 1997 |
| Grant date | Apr 22, 2003 |
| Priority date | — |
| Expiry date | Sep 4, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F9/026
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A conditional purchase offer (CPO) management system for receiving and processing CPOs for packages of component goods or services. The package CPO management system preferably deconstructs an overall package CPO into component CPOs which are individually offered to sellers. If each component CPO of a given package CPO is accepted, the package CPO management system binds the buyer, on behalf of each of the accepting sellers, to purchase the entire package. An offer price for each component CPO is preferably calculated by initially determining the total market price of the package based on the market price of each individual component good or service within the package. The package CPO management system then calculates an offer price for each component CPO based on the total price offered by the buyer for the entire package (as adjusted by a reserved margin, if appropriate) multiplied by the ratio of the market price of the respective component CPO to the total market price of the package. As each individual component CPO is accepted by a seller, the package CPO management system preferably enters a “pre-bind” agreement with the seller, whereby the component good or serv…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.