WO2023017534A1 - Système et procédé pour permettre la soumission et l'achèvement d'une transaction - Google Patents

Système et procédé pour permettre la soumission et l'achèvement d'une transaction Download PDF

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Publication number
WO2023017534A1
WO2023017534A1 PCT/IN2022/050714 IN2022050714W WO2023017534A1 WO 2023017534 A1 WO2023017534 A1 WO 2023017534A1 IN 2022050714 W IN2022050714 W IN 2022050714W WO 2023017534 A1 WO2023017534 A1 WO 2023017534A1
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WO
WIPO (PCT)
Prior art keywords
merchants
bid
user
merchant
event
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PCT/IN2022/050714
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English (en)
Inventor
Murali Kishore Kumar KOTAPATI
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Kotapati Murali Kishore Kumar
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Application filed by Kotapati Murali Kishore Kumar filed Critical Kotapati Murali Kishore Kumar
Publication of WO2023017534A1 publication Critical patent/WO2023017534A1/fr

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    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/08—Auctions

Definitions

  • the present disclosure relates to a system and method for conducting online commercial transaction and more particularly relates to a system and method for enabling bidding and completing a transaction.
  • BACKGROUND [002] Consumer shopping behaviours are continuously evolving over the last few decades. With the advancement in communication and technology, consumers often prefer online modes, through online marketplaces, for purchasing goods and services rather than visiting physical stores, due to various constraints such as time, purchase options, modes of payment, convenience, etc.
  • an online marketplace aggregates multiple sellers who offer multiple products/services for sale, enables the end-users (consumers) to make purchases of their desired products/services, and the transaction between the sellers and the consumers are processed through the marketplace operators. Upon successful transaction, the products/services are delivered/fulfilled by the participating sellers or by the third parties.
  • Such marketplaces provide various advantages for both the consumers and the sellers. For example, a consumer may purchase a product/service from anywhere in the world, the consumer may browse through various products/services from multiple sellers for comparing the prices, offers, fulfilment time, etc, and the consumer gets the product/service delivered/fulfilled by the sellers or any third parties associated with the marketplace.
  • the marketplace offers additional channel to sell their products/services, offers marketing with reduced cost compared to other sales channels, enables the sellers to reach consumers overseas, and hence less expensive to operate a business in a marketplace compared to running one independently.
  • the sellers are limited to post their prices and offers onetime, and such posts are visible to all the consumers of the marketplace.
  • the sellers Merchants may not be able to identify/find the immediate consumers and not able to provide them live/instant deals/discounts/offers.
  • the conventional systems only store product related information such as name, image, price, discounts, description of the products, manufacturer and seller details, etc.
  • the method comprises, generating, by a bid event generator, a bid event on receiving a bid request from a user device associated with a user, wherein the bid request comprises at least a product or service name, quantity, and a time duration of the bid event, analysing, by a processor, the bid event, for identifying one or more merchants, communicating, by a transaction module, the bid event to a merchant device associated with each of the one or more identified merchants, receiving, by the transaction module, one or more proposals from the one or more merchants, enabling, by the transaction module, the one or more merchants for revising the proposals within a predetermined time period, enabling, by the transaction module, the user for selecting at least one of the one or more merchants for placing a purchase order, and communicating, by transaction module, a purchase order with the user selected merchant.
  • a system for enabling bidding and completing a transaction comprises, one or more user devices associated with a one or more users, one or more merchant devices associated with a one or more merchants, a server in communication with the one or more user devices and the one or more merchant devices through a communication network, the server comprising, a bid event generator configured for generating a bid event on receiving a bid request from a user device associated with a user, wherein the bid request comprises at least a product or service name, quantity, and a time duration of the bid event, a processor configured for analysing the bid event for identifying one or more merchants, and a transaction module configured for, communicating the bid event to a merchant device associated with each of the one or more identified merchants, receiving one or more proposals from the one or more merchants, enabling the one or more merchants for revising the proposals within a predetermined time period, enabling the user for selecting at least one of the one or more merchants for placing a purchase order, and communicating the purchase order with the
  • Figure 1 illustrates a system for enabling bidding and completing a transaction in accordance with an embodiment of the present disclosure
  • Figure 2 is a block diagram of the server 115 in accordance with an embodiment of the present disclosure
  • Figure 3 is a flowchart illustrating the method for bidding and completing a transaction in accordance with an embodiment of the present disclosure.
  • Embodiments of the present disclosure discloses a system and method for enabling bidding and completing a transaction.
  • the system and method disclosed in the present disclosure provides a bidding platform for the consumers and the sellers using which a consumer may request for a bid for a desired product/service with one or more sellers in the platform.
  • Figure 1 illustrates a system for enabling bidding and completing a transaction in accordance with an embodiment of the present disclosure.
  • the system 100 comprises a plurality of user devices 105-1, 105-2 associated with a plurality of consumers (hereafter referred as user device 105), a plurality of merchant devices 110-1, 110-2 associated with a plurality of merchants (hereinafter referred as merchant device 110), a server 115 and a communication network 120, wherein the communication network 120 enables communication between the user device 105, the merchant device 110 and the server 115.
  • the communication network 120 may be a wireless network or a wired network or a combination thereof.
  • Wireless network may include long range wireless radio, wireless personal area network (WPAN), wireless local area network (WLAN), mobile data communications such as 3G, 4G or any other similar technologies.
  • the communication network 120 may be implemented as one of the different types of networks, such as intranet, local area network (LAN), wide area network (WAN), the internet, and the like.
  • the communication network 120 may either be a dedicated network or a shared network.
  • the shared network represents an association of the different types of networks that use a variety of protocols, for example, Hypertext Transfer Protocol (HTTP), Transmission Control Protocol/Internet Protocol (TCP/IP), Wireless Application Protocol (WAP), and the like.
  • the communication network 120 may include a variety of network devices, including routers, bridges, servers, modems, computing devices, storage devices, and the like.
  • the communication network 120 is internet which enables communication between the server 115, the user device 105, and the merchant device 110.
  • the user device 105 may be any computing device that often accompanies their users to perform various activities.
  • the user device 105 may include but not limited to a computer, a laptop, a notebook computer, a tablet, and a smartphone, having communication capabilities.
  • the merchant device 110 may be a POS device, computer, a laptop, a notebook computer, a tablet, and a smartphone, having communication capabilities.
  • the user device 105 and the merchant device 110 may communicate with the server 115 through the communication network 120 in one or more ways such as wired, wireless connections or a combination thereof.
  • the user device 105 and the merchant device 115 comprises one or more functional elements capable of communicating through the communication network 120 to receive one or more services offered by the server 115.
  • a user may register with the server 115 (which provides a bidding platform) for requesting a bid, for making payments, for completing a transaction with the one or more merchants.
  • the user may register with the platform using a dedicated web interface or an application by providing necessary credentials, for example, a username, password, contact details, and the like.
  • the user device 105 becomes a part of the system 100 and the user is enabled to make the purchases through the bidding platform.
  • the merchants may register with the bidding platform for selling their product/services to the consumers (users) of the bidding platform.
  • the system 100 provides the bidding platform using which the users may buy the products/services offered by the plurality of merchants through the bidding process.
  • a merchant may register with the system 100 using the merchant device 110 by providing necessary credentials including but not limited to name, contact details, business details, etc.
  • the merchant device 105 becomes a part of the system 100 and the merchant is enabled to list their products and servers in the platform with required information. purchases through the bidding platform.
  • the merchants may register with the bidding platform for selling their product/services to the users of the bidding platform.
  • the server 115 may include, for example, a mainframe computer, a computer server or a network of computers or a virtual server which provides functionalities or services for other programs or devices such as for the user device 105 and the merchant device 110.
  • the server 115 is a cloud server comprising one or more processors, associated processing modules, interfaces and storage devices communicatively interconnected to one another through one or more communication means for communicating information.
  • the storage associated with the server 115 may include volatile and non-volatile memory devices for storing information and instructions to be executed by the one or more processors and for storing temporary variables or other intermediate information during processing.
  • the server 115 stores the registered user information including but not limited user ID, name, contact details, address, email ID, etc. Further, the server 115 stores the registered merchant information including but not limited to merchant ID, merchant name, contact information and location, merchant category, etc. In addition, inventory details of the merchants are stored in a database associated with the server 115. In one embodiment of the present disclosure, the server 115 is configured enabling and managing the bidding process between the users and the merchants. [0027]
  • Figure 2 is a block diagram of the server 115 in accordance with an embodiment of the present disclosure.
  • the server 115 comprises a processor 205 for processing data, a memory 210 for storing instructions to be executed by the processor 205 and for storing temporary data, a network interface module 215 for enabling communication between the server 115 and other devices of the system 100, a bid event generator 220, a recommendation module 225, a transaction module 230, a merchants database 235 and a user database 240.
  • the merchant database 235 stores the registered merchants’ details including but not limited to merchant name, merchant type, contact details, registration details, user ratings and reviews, etc.
  • the merchant database 235 comprises a stock keeping unit (SKU) information of the one or more registered merchants, wherein the SKU information include but not limited to products and services details and all attributes associated with the products and services.
  • SKU information include but not limited to products and services details and all attributes associated with the products and services.
  • the attributes may include but are not limited to, current stock, manufactures details, description, material, size, color, packaging information, warranty terms, etc.
  • the attributes may include but are not limited to service type, service period, service provider information, and terms and conditions, etc.
  • the user database 240 stores the registered users’ details including but not limited to name, address, contact details, shipping and billing addresses, etc. [0029] As described, a user may use the system 100 for generating a bid for procuring a product or service.
  • the user may use the dedicated webpage, or the application installed in the user device 105 for initiating the bidding process. That is, the user may generate a bid request, the bid request comprising at least a product or service name, quantity, and a time duration of the bid event.
  • the user may further include custom product/service specification, price range, preferred merchants’ details, manufacturer details, and queries.
  • the bid request is communicated to the server 115.
  • the bid generator 220 On receiving the bid request, the bid generator 220 generates a bid event.
  • bid event include unique bid identifier (bid ID), user details, product or service name, quantity, and a time duration of the bid event.
  • Event may optionally include, custom product/service specification, price range, manufacturer details, and queries.
  • the processor 205 analyses the bid event for identifying the one or more merchants.
  • the analyses include determining a location coordinate of the user device 105 associated with the user, computing a distance between the location of the user and a location of the one or more merchants, and selecting the one or more merchants based on the distance. That is, the server 115 captures the location of the user device 105 while generating the bid request, computes the distance between the user device 105 location (user location) and the merchant location, and based on the merchant location the server identifies the one or more merchants.
  • the location coordinate of the user device 105 is determined based on a shipping address of the user.
  • the processor 205 fetches the product requirement details from the bid request and identifies the one or more merchants based on the product availability with the one or more merchants, product procurement time of the one or more merchants, and ratings and reviews of the one or more merchants.
  • a learning model is developed to based on the user purchase history, preferences, locations, etc., to identify the one or more the one or more merchants.
  • the transaction module 220 communicates the bid to the merchant device 110 associated with the one or more identified merchants (who are eligible to fulfil the user’s requirements).
  • the one or more merchants may send proposals for the bid event, wherein the one or more proposals comprise at least a price of the product.
  • the one or more merchants may provide additional details with the proposal, the additional details including but not limited to product delivery time, mode of payments, answers to user queries, offers and discounts, addons, etc.
  • the transaction module 220 on receiving the proposals from the one or more merchants, the transaction module 220 enables the one or more merchants for revising the one or more submitted proposals within the time limit of the bid event. It is to be noted that the one or more proposal may be made visible to the other merchants participating in the bid event.
  • the proposal of each merchant may be masked and made visible only to the user, that is, the consumer.
  • the transaction module 220 provides the revised proposals to the user and enables the user for selecting at least one of the one or more merchants and for placing purchase order with the selected merchant for purchasing the product.
  • the system 100 enables the users to achieve maximum value while purchasing the products or the services by creating bid event (time bound) with plurality of merchants.
  • the system 100 based location of the user, the system 100 identifies the one or more merchants for fulfilling the user’s need.
  • the recommendation module 225 recommends the identified merchants to the user, wherein the recommendation may be based on the location and distance, user’s purchase history, and ratings and reviews, etc.
  • FIG. 3 is a flowchart illustrating the method for bidding and completing a transaction in accordance with an embodiment of the present disclosure.
  • the user initiates the bidding process using the user device 105.
  • the user may use the mobile application, or the web interface associated with the bidding platform to search for the product/service the user is looking for.
  • the user may generate a bid request for the selected product with multiple merchants in the platform.
  • the user may generate the bid request by selecting the product, quantity, payment and delivery mode, and bid duration, wherein the bid duration is the time during which the bid request will be open to the merchants. For example, the user may set the bid duration as 30 minutes, 45 minutes, 24hrs, 48hrs, 72hrs, etc., and the bid request shall remain open for the set time period thereby enabling the merchants to place the bid offer.
  • the server 115 Upon generating the bid request for the selected product, the server 115 generates a bid event as shown at step 310. [0036] At step 315, the server 115 analyses the bid event for identifying the one or more merchants.
  • the analyses include determining a location coordinate of the user device 105 associated with the user, computing a distance between the location of the user and a location of the one or more merchants, and selecting the one or more merchants based on the distance. That is, the server 115 captures the location of the user device 105 while generating the bid request, computes the distance between the user device 105 location (user location) and the merchant location, and based on the merchant location the server identifies the one or more merchants. In another embodiment, the location coordinate of the user device 105 is determined based on a shipping address of the user.
  • the processor 205 fetches the product requirement details from the bid request and identifies the one or more merchants based on the product availability with the one or more merchants, product procurement time of the one or more merchants, and ratings and reviews of the one or more merchants.
  • the user may select one or more merchants while generating the bid request.
  • the server 115 verifies the merchants to check the availability of the product with the user selected merchants as described and updates the same to the user. [0037]
  • the server 115 the communicates the bid request to the merchant device 110 associated with the one or more merchants.
  • each merchant receives the bid event data on the merchant device 110, the bid event including but not limited to the product details, quantity, fulfilment details, payment details, bid duration, etc.
  • the bid event (a bid event request) is displayed on the merchant device 110 as a notification and the merchant may select the same to view the bid event details in the webpage or in the dedicated application installed in the merchant device 110.
  • each merchant may determine if merchant can participate in the bidding process taking into consideration of product availability, delivery requirements, and all other bid request data. This may be done manually by the merchant. In an alternative embodiment, the merchant may set automatic determination (decision making process).
  • the decision is made based on one or more rules governing the inventory state, delivery options available, bid period, etc.
  • the server 115 is configured for ranking the merchants based on the proposals made by the merchants, for example considering the price quoted by the merchants.
  • the rank and bid offer (price quote) of each merchant is made available to the other merchants participating in the bidding process. It is to be noted that the rank and the bid offers made available to the participating merchants without disclosing the merchant’s name and other details about the participating merchants.
  • the server 115 receives the proposals from the one or more merchants and enables the merchants’ for revising the proposals.
  • the merchant may revise the proposal and place the revised bid order anytime during the bid period.
  • the rank and bid offer (price quote) of each merchant is made available to the other merchants participating in the bidding process.
  • the merchants participating in the bid may make decisions on revising the proposal and may place the revised proposal anytime during bid period.
  • a merchant “A” may revise the proposal to reduce the offer price of the product in comparison with the price quoted by the other merchants participating in the bidding process. This process of placing and replacing the proposals may occur subjectively by each of the merchant participating in the bidding process until the bid request event deadline occurs.
  • any of the participating merchant revises and places the revised proposal (bid offer), the same is made available to the user on the user device 105 in real-time or near-real-time.
  • one or more rules are defined to automatically place the bid offer (the proposal for the bib event).
  • the decision is made regarding the pricing strategy and the proposal is made automatically without the human intervention.
  • other selected merchants may post their proposals for the user selected product either manually or automatically.
  • the proposal is made available to the user in real-time.
  • the user may view multiple proposal (bid offers) from the multiple merchants of the bidding platform.
  • the server 115 enables the user for selecting at least one of the one or more merchants for placing a purchase order and communicate the purchase order to the user selected merchant for completing the transaction.
  • the user may terminate the bidding process during the bid period by selecting one of the merchants for placing the purchase order. It is to be noted that the user may select any (or top offer) of bid offer from the participating merchants based on the price, delivery terms, location, etc. Alternatively, the user may set rules to automatically select the one of the merchants based on the price, delivery terms, or other criteria or any combination thereof.
  • the server 115 selects best bid offer among the multiple bid offers from the multiple participating merchants, wherein the best bid offer is one the bid offer having lowest price quote for the user selected product. Once the user selects the merchant for placing the purchase order, the server 115 terminates the bid event. The user may make necessary payment through the platform and complete the transaction. [0041]
  • the system and method disclosed in the present disclosure automates the process of transaction and assist the users to reach multiple merchants while purchasing a product or service. In addition, the system automatically suggests the users about the merchants and generates the bid event accordingly. [0042] While specific language has been used to describe the disclosure, any limitations arising on account of the same are not intended.

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Abstract

L'invention concerne un système (100) et un procédé pour permettre la soumission et l'achèvement d'une transaction entre un consommateur et un commerçant. En utilisant le système (100) selon la présente invention, un utilisateur peut générer une demande de soumission, par le biais d'un dispositif d'utilisateur (105), pour acheter un produit/service, la demande de soumission comprenant, mais sans s'y limiter, des détails sur le produit, une quantité, des exigences de livraison, etc. Un serveur (115) identifie ensuite un ou plusieurs commerçants et communique la demande de soumission générée en temps réel auxdits commerçants. Lors de la réception de la demande de soumission, les commerçants peuvent placer des offres de soumission soit manuellement, soit automatiquement. De plus, les commerçants peuvent réviser l'offre de soumission à tout moment pendant la période de soumission sur la base des offres de soumission des autres commerçants participant et l'utilisateur peut sélectionner l'un quelconque des commerçants participant pour placer l'ordre et achever la transaction.
PCT/IN2022/050714 2021-08-09 2022-08-09 Système et procédé pour permettre la soumission et l'achèvement d'une transaction WO2023017534A1 (fr)

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IN202141035857 2021-08-09
IN202141035857 2021-08-09

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Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2015200023A1 (fr) * 2014-06-25 2015-12-30 Relovate, Inc. Transactions d'enchère en réseau
WO2016011257A1 (fr) * 2014-07-17 2016-01-21 Mobile Incorporated Système et procédé pour enchères et communication marchand dynamiques

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2015200023A1 (fr) * 2014-06-25 2015-12-30 Relovate, Inc. Transactions d'enchère en réseau
WO2016011257A1 (fr) * 2014-07-17 2016-01-21 Mobile Incorporated Système et procédé pour enchères et communication marchand dynamiques

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