Procurement management system

G - Physics – 06 – Q

Patent

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Details

G06Q 30/06 (2012.01)

Patent

CA 2322383

A procurement management system includes a product request receiver, a product transaction database, a transaction processor in communication with the request receiver and the product transaction database, and a sales completion receiver in communication with the transaction processor. The product request receiver is configured to receive over a network respective product requests from each of a number of vendors. The product transaction database includes a plurality of transaction records, each record being associated with a respective one of the vendors. The transaction processor is configured to secure a quantity of product in accordance with the received product requests and the transaction history records and to assign each of the vendors a respective allocation of the quantity of the ordered product. The sales completion receiver is configured to receive over the network consumer purchase data to update the transaction history records.

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