Is a
Patent attributes
Patent Jurisdiction
Patent Number
Date of Patent
August 9, 2011
Patent Application Number
11218224
Date Filed
August 31, 2005
Patent Citations Received
Patent Primary Examiner
Patent abstract
A reverse auction system, method and computer program product are provided. A tender is received from a buyer over a network. Such tender includes information relating to a desired good or service. A plurality of suppliers is identified based on the information, and the tender is anonymously forwarded to the identified suppliers over the network. In use, a plurality of bids is received in response to the tender from a plurality of the suppliers over the network, and such bids are consolidated. Further, the consolidated bids are forwarded to the buyer over the network.
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