Patent ID: 7430523
Filing Date: 2008-09-30
Classification: G06Q

Abstract:
1. An automated process for competitive bidding comprising: downloading into a computer a request for goods and/or services, said request defining a bid package; automatically sequestering said bid package into a plurality of modules, wherein a module constitutes a portion of said bid package; automatically further sequestering the plurality of modules into in-house and at least one outsourced module, whereby an in-house module receives an in-house bid; automatically searching for potential suppliers for the at least one outsourced module; automatically prequalifying the potential suppliers by a plurality of factors that generate a statistical weight to each potential supplier; automatically selecting a set of prequalified potential suppliers based on the statistical weight attached to each potential supplier; automatically distributing the at least one outsourced modules to each prequalified potential supplier within the set, for at least one outsourced bid, wherein said distributing step further includes: automatically preparing a bid from the combining of said in-house bid and all said outsourced bids, wherein each said in-house and outsourced bid has a monetary component and a non-monetary component, and each said in-house and outsourced bid is represented by a numerical value; automatically presenting the bid as well as any additive alternatives or deductive alternatives; automatically reporting the bid in a plurality of formats; and automatically transmitting the bid to a sequential buyer; wherein all said automatic steps are performed by a computer.