Patent ID: 8050990
Filing Date: 2011-11-01
Classification: G06Q

Abstract:
1. A non-transitory computer-readable medium having stored therein instructions that, when executed, cause one or more processors to implement a method of generating a purchase order, the method comprising: receiving purchasing data for an item to be purchased in a computerized system, the purchasing data including a fixed initial stock-up data, a variable initial stock-up data, and a put-away quantity, wherein the fixed initial stock-up data including a fixed quantity based on store capacity, the variable initial stock-up data including a variable quantity based on store specific requirements including store sales forecast, and the put-away quantity being a quantity which is not shipped directly to a store; generating by the one or more processors a preliminary purchase order based on received purchasing data for the item to be purchased including the fixed initial stock-up data, the variable initial stock-up data, and the put-away quantity; determining by the one or more processors whether a sufficient amount of budgeted funds are available for the generation of the purchase order from the preliminary purchase order; obtaining by the one or more processors an approval for the preliminary purchase order based on the sufficient amount of budgeted funds not being available; determining by the one or more processors a supplier for the item to be purchased from a plurality of potential suppliers using an automated auction system based on at least one of the sufficient amount of budgeted funds is available and the approval has been obtained; modifying by the one or more processors the preliminary purchase order to include data from the automated auction system regarding the supplier; generating by the one or more processors the purchase order based on the modified preliminary purchase order; and storing data related to the purchase order in a business warehouse.