System and method of determining price optimization for distributed demand
US8521606B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 16, 2010 |
| Grant date | Aug 27, 2013 |
| Priority date | — |
| Expiry date | Jul 11, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0605
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The method for reducing vendor bid amounts includes providing a supplier with an invitation to make a bid for supplying a digital print job. The print job is characterized by a demand for a first number of units by a select date. The method further includes determining if a demand condition can be met. The determination includes using historical data to calculate a first commitment quantity for current jobs being provided by the supplier. The first commitment quantity is then used to calculate a second commitment quantity. The second commitment quantity provides an estimate for the number of the units and a date. The second commitment quantity is displayed to the supplier. The method provides the supplier with an option to bid for producing the estimated number of units by the estimated date.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.