Market center based purchasing system and method
View Patent ↗A method and system is disclosed for procuring goods and services through a computer based system accessible by a plurality of entities having a common relationship. An arrangement is made with a plurality of suppliers to participate in offering goods and services to the entities through the computer based system. A price for the respective goods and services provided by at least subset of the suppliers at which the entities can purchase those goods and services is negotiated with those suppliers. The entities can, via the computer based system, obtain prices directly from the suppliers. The entities can place orders with any of the suppliers via the computer based system. Information on the transactions made via the computer based system is tracked and used to determine if more favorable prices are available for a good or service than the negotiated price.
1. A method of procuring goods and services through a computer based market center system having a website accessible by a plurality of entities via the Internet, the method comprising:
arranging with a plurality of suppliers, each having an Internet website, to participate in offering goods and services to the entities via the website of the market center system;
negotiating with at least a subset of said suppliers prices for their respective goods and services at which said entities can purchase the respective goods and services;
allowing said entities to place orders with any of the at least a subset of suppliers for respective goods and services via purchaser websites and the market center website; and allowing said entities an option of obtaining via purchaser websites and the market center website a price quotation from any of the at least a subset of suppliers;
collecting information on said purchases made by said entities via said computer based market center system and on quotes received directly from said suppliers by said entities and analyzing said information at said computer based market center system; and
determining if any of said quotes were for goods or services having a previously negotiated price and if so, whether said quotes for that good or service were at prices more favorable than said previously negotiated prices.
2. The method of claim 1 , further including renegotiating said negotiated price for one of said goods and services when results of analyzing said information indicate that a more favorable price than the negotiated price for that good or service is being offered.
3. The method of claim 1 wherein said plurality of entities having a common predetermined relationship comprise an original equipment manufacturer and its dealerships.
4. The method of claim 1 wherein said plurality of entities having a common predetermined relationship comprise a franchise.
5. The method of claim 1 wherein said plurality of entities having a common predetermined relationship comprise individuals that are members of a club.
6. The method of claim 1 wherein information concerning purchases made by and quotes obtained by said entities via said computer based market center system are stored in a database.
7. The method of claim 1 further including a host organization paying said suppliers for purchases made from said suppliers via said computer based market center system by said entities and said host organization billing said entities for said purchases.
8. The method of claim 7 , further including the step of said host organization operating said computer based market center system.