System and method for multi-enterprise supply chain optimization
US7260550B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 17, 1999 |
| Grant date | Aug 21, 2007 |
| Priority date | — |
| Expiry date | Sep 17, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of optimizing multi-enterprise supply chain agreements using an electronic option contract includes determining at a buyer computer a range of forecasted demand for a product and communicating from the buyer computer to a seller computer an offer to enter into an option contract for the supply of a product, the option contract including an option corresponding to the range of forecasted demand. The method further includes executing the option contract, updating at the buyer computer the forecasted demand, and exercising the option in the option contract within the range of forecasted demand based on the updated forecasted demand.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.