Patent application number | Description | Published |
20110071918 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - Comparison values are calculated for evaluating a commercial transaction. A request for quote received from a buyer agent includes a product specification data set that identifies items that differ in accordance with at least one parameter. Price data sets received from seller agents identify items and prices in response to the product specification data set. At least one of the price data sets identifies an item having a different parameter value as compared to the item in another price data set. A comparison value for each price data set is generated by determining a price total from the price data set and calculating a summed market price total by summing market price totals for each of the items. Calculating market price totals includes obtaining metric data indicative of market prices. The summed market price total is compared to the price total for the price data set to generate the comparison value. | 03-24-2011 |
20110231339 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - Comparison values are calculated for evaluating a commercial transaction. A request for quote received from a buyer agent includes a product specification data set that identifies items that differ in accordance with at least one parameter. Price data sets received from seller agents identify items and prices in response to the product specification data set. At least one of the price data sets identifies an item having a different parameter value as compared to the item in another price data set. A comparison value for each price data set is generated by determining a price total from the price data set and calculating a summed market price total by summing market price totals for each of the items. Calculating market price totals includes obtaining metric data indicative of market prices. The summed market price total is compared to the price total for the price data set to generate the comparison value. | 09-22-2011 |
20120233056 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 09-13-2012 |
20120330725 | MANAGING AND EVALUATING PRICE DATA FOR PURCHASING - A method for evaluating price data includes receiving a product specification data set that identifies different items. Also received are price data sets that include items and corresponding price data. For each price data set, metric data for each item is obtained. The metric data includes one or more market reference prices for the items in the price data set. Using the metric data, a market value of each item in the price data set is calculated for comparison to the price data in the price data set. The method may also include comparing the price data in the price data set to the calculated market value to generate a comparison value. In another embodiment, metric data is obtained for each item in the product specification data set, and a market value of each item is calculated for comparison to the price data in the price data sets. | 12-27-2012 |
20130132160 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 05-23-2013 |
20130218745 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 08-22-2013 |
20130254092 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 09-26-2013 |
20140236801 | Automated System for Adapting Market Data and Evaluating the Market Value of Items - An automated system for evaluating the market value of items includes invoking an evaluation service that causes a metric application to obtain a plurality of market transaction data sets responsive to attributes of at least one item identified in a product specification data set and/or a price data set. Each obtained market transaction data set is defined by at least one parameter value and represents market reference price data of a particular period of time. At least one adjustment value is calculated and applied to the market reference price data having parameter values that vary from the at least one item identified in the product specification data set, transforming the market reference price data and generating a plurality of normalized market reference price data sets. A synthetic market value is determined for the at least one item in the product specification data set and/or the price data set. | 08-21-2014 |