Patent ID: 7711603

Claim:
A computer implemented method for transferring commerce-related information between multiple buyers and multiple vendors, comprising: electronically connecting, via a computer link, a plurality of unrelated buyers and a plurality of vendors to access the information; wherein the information for each buyer is stored electronically on a buyer data collection device; and wherein each buyer is prohibited from accessing the information of another buyer; receiving information via the computer link, corresponding to one or more products from one or more of the vendors, the information characterizing the one or more products and being of a static nature; storing the information on an electronic database independent from the one or more buyers; receiving a request for a portion of the stored information; retrieving the portion of the stored information corresponding to the request; using the retrieved portion of the stored information to maintain a dynamic record of product parameters; signaling an authorization to the one or more vendors to access the dynamic record of product parameters; providing to the one or more of the buyers access to the dynamic record of product parameters of the one or more products; providing to one or more of the vendors, according to pre-authorized permissions, selective access to the dynamic record of product parameters of the one or more products; and providing a communication link accessible to one or more of the vendors and buyers to initiate a specific inventory action related to the dynamic record of product parameters.