Method of transacting pooled sales based on an accumulated time rate
View Patent ↗A method of transacting sales over a computerized network correlates in a first database record a first product and a plurality of first purchasers to form a pool; further correlates a plurality of second purchasers; issues an offer to a vendor of the first product; and consummates a transaction between the vendor and the first and second purchasers. The offer is issued to the vendor responsive to a time rate of accumulation of buyers in the pool. A first commitment price for buyers is responsive to historical sales performance of the first product; a price trend of an article similar to the first article; or a price trend of the first article itself over time. A second product desired to be purchased by a first purchaser is defined, and an offer is made to a vendor for the purchase of the second product.
1. A method of transacting sales over a computerized network, the method comprising the steps of:
defining a first product desired to be purchased by a plurality of first purchasers;
calculating, by a pricing engine in a computerized system, a first commitment price;
producing a plurality of first database records, each corresponding to a correlation between the first product and a respective one of the first purchasers;
storing the plurality of first database records in a database memory;
identifying a time rate at which the plurality of first database records are accumulated in the database memory during performance of said step of storing;
further producing a further plurality of first database records, each corresponding to a correlation between the first product and a respective one of a plurality of second purchasers;
calculating a first offer price based on the first commitment price, the quantity of first database records, and the time rate identified in said step of identifying;
issuing an offer to a vendor for the purchasers to purchase the first product at the calculated first offer price in a quantity responsive to a number of first database records; and
consummating a transaction between the vendor and the first and second purchasers.
2. The method of claim 1 , wherein there are further provided the steps of:
storing the further plurality of first database records in the database memory; and
identifying a time rate at which the plurality of further first database records are accumulated in the database memory.
3. The method of claim 1 , wherein said step of calculating a first commitment price is responsive to the number of first purchasers that are correlated in said step of correlating in a first database record the first product and the first purchasers prior to performing said step of calculating a first commitment price.
4. The method of claim 1 , wherein said step of calculating a first commitment price is responsive to historical sales performance of the first product.
5. The method of claim 1 , wherein said step of calculating a first commitment price is responsive to a price trend of an article similar to the first article.
6. The method of claim 5 , wherein said step of calculating a first commitment price is responsive to a price trend of the first article.
7. The method of claim 1 , wherein there are further provided the steps of:
defining a second product desired to be purchased by at least one of the first purchasers; and
producing a second database record corresponding to a correlation between the second product and the least one first purchaser.
8. The method of claim 7 , wherein there is further provided the step of producing a plurality of second database records, each corresponding to a correlation between the second product and a respective one of a plurality of third purchasers.
9. The method of claim 8 , wherein there is further provided the step of issuing a further offer to a vendor to purchase the second product at a second offer price in a quantity responsive to the plurality of second database records.
10. The method of claim 9 , wherein there is further provided the step of formulating a first consolidated report for presentation to the first purchaser responsive to the first and second offer prices.
11. The method of claim 8 , wherein there is further provided the step of formulating a first consolidated report for presentation to the first purchaser responsive to the first and second database records.