The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 16, 2019
Filed:
Aug. 26, 2016
Caterpillar Inc., Peoria, IL (US);
Scott L. Kordonowy, Shorewood, IL (US);
Carl Halder Rempert, Dunlap, IL (US);
Corey Calvin Eadie, East Peoria, IL (US);
Michael James Kiesewetter, Plainfield, IL (US);
Stefanie Jo Maloney, East Peoria, IL (US);
Paul Gerard Basler, Dunlap, IL (US);
Caterpillar Inc., Deerfield, IL (US);
Abstract
A workflow management and online reverse auction system includes a non-transitory computer readable medium storing a program. The program causes a computer to execute steps of posting electronic part details for a part to be sourced to an online reverse auction site, and receiving electronic bids including prices for supplying the part to be sourced through the online reverse auction site from a plurality of suppliers. The program also causes the computer to execute steps of selecting a chosen supplier from the plurality of suppliers based on the electronic bids, and providing an option for the chosen supplier to extend an initial supplier agreement duration by accepting an additional supplier agreement term beneficial to a buyer.