Patent ID: 8214250
Filing Date: 2012-07-03
Classification: G06Q

Abstract:
1. A method of optimizing multi-enterprise supply chain agreements using an electronic scenario based option contract, the method comprising: creating at a buyer computer a plurality of scenarios of forecasted demand for one or more products; communicating from the buyer computer to a seller computer an offer to enter into an option contract for the supply of the one or more products, the option contract including an option corresponding to each of the plurality of scenarios of forecasted demand; executing the option contract; receiving at the buyer computer an indication of current buyer demand for at least one scenario associated with the one or more products; automatically and without user input subsequent to receiving at the buyer computer the indication of current buyer demand for the one or more products, determining at the buyer computer whether the indicated current buyer demand exceeds the forecasted demand specified in the option contract; and automatically and without user input subsequent to determining at the buyer computer whether the indicated current buyer demand exceeds the forecasted demand specified in the option contract, if the indicated current buyer demand does not exceed the forecasted demand specified in the option contract, communicating from the buyer computer to the seller computer a request to exercise at least a portion of the option based at least in part on the indicated current buyer demand.