Benefits of Applying the Patented Method
The patented methodology allows a buyer to obtain optimal cost reduction through its own pre-qualified supplier base. Cost reduction is achieved, because the method establishes an environment where suppliers are permitted to bid based solely on availability of their production capacity. Suppliers are free to respond to each opportunity by bidding high, low or not at all without regard to buyer pricing expectations, without setting precedent for future bid prices and without putting at risk their receipt of subsequent opportunities for which the supplier is qualified. This method allows the buyer to locate open capacity, wherever it exists within its supplier base at the time the specification-defined goods or services are needed and realize the associated savings.

The impact of this transformational business method patent is staggering, since 6% to 30% of the operating budget of a typical organization is attributable to the procurement of specification-defined goods and services. The ability to reduce these costs by 40% or more represents an enormous profit enhancement opportunity.