Patent ID: 7110976
Filing Date: 2006-09-19
Classification: G06Q

Abstract:
1. A method providing e-procurement comprising the following methods: (a) a method of allowing requisitioners in end-user units of a government or entity to digitally place requisitions for goods or services for conversion or pooling of such requisitions into orders for purchase, whether via Internet-based reverse-auction or otherwise, comprising: (b) a method of verifying authorized status of any given requisition node from which a requisition is placed, and of any given requisitioner making that same requisition, comprising: (c) a method of inventory minimization through requisition fulfillment from warehoused stock-on-hand, prior to resort to purchase of goods, comprising: (d) a method of requisition pooling and pool allocation, comprising: (e) a method of order formulation as to goods and services within said spot purchase pool, comprising: (f) a method of supplier-applicant digital submission of application, supplier-applicant approval, supplier-preference administration, and supplier debarment, comprising: (g) a method of conducting e-procurement transactions by way of reverse-auction at a Web site within the Internet comprising: (h) a method of setting parameters for determining a winning bid, and of determining a winning bid in said reverse-auction, and of notifying both a winning bidder and one or more shipper or shippers that will be used to ship any goods in that winning bid, comprising: (i) a method or order tracking, comprising: (j) a method of procurement accounting, comprising: