IP Library Patent Application 11685959
Patent Application
App. No. 11/685,959

COMMERCE EXCHANGE SYSTEM

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Quick Facts
Patent No.
US None
App. No.
11/685,959
Abstract

A commerce exchange system manages contracts between manufacturers, distributors, and purchasers, and is accessible by all of the contracting parties over the Internet. Group purchasing organizations can access the system to place orders for distribution to various end users. The system stores data representing information regarding all of the parties in the contracting process. The system also stores data describing all of the products and services available from the seller, including dates of availability, sizes, prices, and other such information. The system also stores and updates all of the contract terms, product shipments, payments made, rebates due and chargeback payments.

Claims (57)

1 - 20 . (canceled)

21 . A system for managing commerce comprising:

an interface for sending and receiving data to and from the Internet;

means for storing data representative of a manufacturer of a product, a distributor and a purchaser in a commercial arrangement of at least three entities comprising manufacturer, distributor and purchaser, the means for storing data representative of a manufacturer, a distributor and a purchaser comprising means for storing data representative of contractual relationships between a manufacturer, a distributor and a purchaser in a commercial arrangement of at least three entities comprising manufacturer, distributor and purchaser,

means for storing data representative of a product available from the manufacturer;

means for storing data representative of a contract between the manufacturer and the purchaser;

means for storing data representative of a purchase of the product by the purchaser from the manufacturer;

means for storing data representative of a shipment of the product from the distributor to the purchaser;

means for determining a rebate due to the purchaser from the manufacturer

means for transferring a payment, for goods purchased, received from the purchaser to the manufacturer at least in part via the Internet; and

means for determining a chargeback payment due from the manufacturer to the distributor, and for storing chargeback data representative of chargeback payments therebetween, wherein the manufacturer, the distributor and the purchaser access the system using the Internet and wherein chargeback data are available to both manufacturer and distributor.

22 . The system of claim 21 wherein data representative of a contract comprises at least two party names, a product, a price, a date, and a term.

23 . The system of claim 22 wherein data representative of a contract further comprises a rebate due from the manufacturer to the purchaser.

24 . The system of claim 21 further comprising:

means for determining a trade fund balance for each product purchased by the purchaser from the manufacturer; and means for updating the trade fund balance when a rebate is processed.

25 . The system of claim 21 wherein the trade fund balance further comprises an actual trade fund balance and a budgeted trade fund balance.

26 . A system for managing commerce comprising:

an interface for sending and receiving data to and from the Internet;

means for storing data representative of a manufacturer of a product, a distributor, a group purchasing organization and an end user in a commercial arrangement comprising at least four entities, the means for storing data representative of a manufacturer, a distributor, a group purchasing organization and an end user comprising means for storing data representative of contractual relationships therebetween;

means for storing data representative of a product available from the manufacturer;

means for storing data representative of a contract between the manufacturer and the group purchasing organization;

means for storing data representative of a purchase of the product by the group purchasing organization from the manufacturer;

means for storing data representative of a shipment of the product from the distributor to the end user;

means for determining a rebate due to the group purchasing organization from the manufacturer;

means for transferring a payment, for goods purchased, received from the group purchasing organization to the manufacturer at least in part via the Internet;

wherein the manufacturer, the distributor and the group purchasing organization access the system using the Internet.

27 . The system of claim 26 wherein data representative of a contract comprises at least two party names, a product, a price, a date, and a term.

28 . The system of claim 27 wherein data representative of a contract further comprises a rebate due from the manufacturer to the group purchasing organization.

29 . The system of claim 26 further comprising:

means for determining a trade fund balance for each product purchased by the group purchasing organization from the manufacturer; and means for updating the trade fund balance when a rebate is processed.

30 . The system of claim 26 wherein the trade fund balance further comprises an actual trade find balance and a budgeted trade fund balance.

31 . A method for managing commerce from an electronic commerce site accessed over a network, comprising:

storing data representative of a manufacturer of a product, a distributor and a purchaser in a commercial arrangement of at least three entities comprising manufacturer, distributor and purchaser, the storing including storing data representative of contractual relationships between a manufacturer, a distributor and a purchaser;

storing data representative of a product available from the manufacturer;

storing data representative of a contract between the manufacturer and the purchaser;

storing data representative of a purchase of the product by the purchaser from the manufacturer;

storing data representative of a shipment of the product from the distributor to the purchaser;

determining a rebate due to the purchaser from the manufacturer;

transferring a payment, for goods purchased, received from the purchaser to the manufacturer at least in part via the network; and

determining a chargeback payment due from the manufacturer to the distributor, and storing chargeback data representative of chargeback payments therebetween, and wherein chargeback data are available to both manufacturer and distributor.

32 . The method of claim 31 wherein data representative of a contract comprises at least two party names, a product, a price, a date, and a term.

33 . The method of claim 32 wherein data representative of a contract further comprises a rebate due from the manufacturer to the purchaser.

34 . The method of claim 31 further comprising:

determining a trade fund balance for each product purchased by the purchaser from the manufacturer; and updating the trade fund balance when a rebate is processed.

35 . The method of claim 31 wherein the trade fund balance further comprises an actual trade fund balance and a budgeted trade fund balance.

36 . A method for managing commerce from an electronic commerce site accessed over a network, the method comprising:

storing data representative of a manufacturer of a product, a distributor, a group purchasing organization and an end user in a commercial arrangement comprising at least four entities, including storing data representative of contractual relationships therebetween;

storing data representative of a product available from the manufacturer;

storing data representative of a contract between the manufacturer and the group purchasing organization;

storing data representative of a purchase of the product by the group purchasing organization from the manufacturer;

storing data representative of a shipment of the product from the distributor to the end user; determining a rebate due to the group purchasing organization from the manufacturer; and

transferring a payment, for goods purchased, received from the group purchasing organization to the manufacturer, at least in part via the network.

37 . The method of claim 36 wherein data representative of a contract comprises at least two party names, a product, a price, a date, and a term.

38 . The method of claim 37 wherein data representative of a contract further comprises a rebate due from the manufacturer to the group purchasing organization.

39 . The system of claim 36 further comprising:

determining a trade find balance for each product purchased by the group purchasing organization from the manufacturer; and updating the trade fund balance when a rebate is processed.

40 . The method of claim 36 wherein the trade fund balance further comprises an actual trade fund balance and a budgeted trade fund balance.

Assignments (2)
RELEASE OF SECURITY INTEREST Recorded Jan 5, 2017
From: COMERICA BANK
To: REVITAS, INC.
Reel/Frame 040861/0694 →
SECURITY AGREEMENT Recorded Dec 15, 2009
From: I-MANY, INC.
To: COMERICA BANK
Reel/Frame 023657/0641 →