Patent ID: 8195518
Filing Date: 2012-06-05
Classification: G06Q

Abstract:
1. A method for a supplier or many suppliers of at least one of products and services to create real time inventory according to any combination of self published supply factors including product data, category data, class data, capability data, capacity data, availability data, and geographic service area data available to order or promise across a supply chain network, said method comprising the steps of: creating by at least one supplier a virtual partition within one or more legacy systems; publishing by at least one supplier information relating to the partitioned inventory onto a common transaction platform on a central server according to any combination of self published supply factors including product data, category data, class data, capability data, capacity data, availability data, and geographic service area data whereupon the inventory is simultaneously and selectively accessible to at least one buyer in real time; and dynamically allocating by said at least one supplier part or all of the partitioned inventory to said at least one buyer in real time or batch, the partitioned inventory being decremented in real time when said at least one buyer accesses the same inventory functionality to place orders for products and services or any combination thereof in real-time.