Claims:We Claim:
1. A system for online bidding of products provided by suppliers on website by the interested buyers comprising of;
a. a communication network such as internet;
b. a database server;
c. a plurality of customer computers linked to the website server through local area network (LAN); and
d. plurality of suppliers connected to database server; wherein in the database server, the information of various customers and suppliers is stored.
2. A process for online bidding of products provided by suppliers on website by the interested buyers comprising of;
a. gathering information related to the products which they want to buy;
b. finding out suppliers related to the particular product on the bidding screen ;
c. starting an online bid;
d. viewing of bidding of other customers who already bided;
e. providing a bid to the winning supplier and
f. notifying the winning supplier for delivery of the product.
wherein, the bidding is for a particular time period and is valid only if a particular no. of bids is provided by the customers.
3. The process as claimed in claim 2, wherein the said bidder has accessed the website are required to register for the auction which includes registration information like the personal information of bidder and a method of payment if bidder wants to proceed further for purchase of particular products.
4. The process as claimed in claim 2, wherein the said bidder screen is accessible only after registration process of consumer is completed.
5. The process as claimed in claim 2, wherein the said bidder screen includes instructions for bidding and the product pictures and a short written description of the item.
, Description:FIELD OF THE INVENTION:
The present invention relates to systems and method for buying of some products provided by suppliers. The present invention more particularly relates to a system and method for buying of products on website by the interested buyers through bidding process.
BACKGROUND OF THE INVENTION:
Bidding is an offer to set a price by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something. Bidding can be performed by a "buyer" or "supplier" of a product or service based on the context of the situation. In the context of auctions, the price offer a business or individual is willing to pay is called a bid. In the context of corporate or government procurement initiatives, the price offer a business or individual or supplier is willing to sell is also called a bid.
Internet businesses are expanded related to everything from gaming to music to retail sales. Now a days, more people prefer to buy products through internet resulting in increase in internet sales. Online auctions reduced auctioneer fraud and collusion between a live auctioneer and live bidders. Online auctions attract millions of sellers and buyers each and every day for the sole purpose of auctioning off and buying goods. Live auctions of such a scale are not realistic where bidders must be physically present.
In live bidding process, a format is utilized where items are put together for bid and placed for sale first. The listed items are auctioned consecutively at a particular date and time. When this process of live auction begins, one listed item at a time is sold out and the process is continued up till no items remains. This process is ended when there is no submission of further bids.
Typical online auctions allow for multiple items to carry auction process simultaneously. The start and finish time for online auction items is independent from the auctioning of other items. These online auctions end within a settled time period when there is no need of submission of bids further.
The recognized bidding websites are successful when the online auction format is slow. The start and finish time is independent from the other items bidding process. These websites are successful and online auction is low and inefficient a maximum sales price for the items. Online auctions are available for a particular set of time.
When bidders go online to access and view a particular interested item, they are simultaneously provided a record of the time remaining for the auction. When bidders do online bidding, they view a particular item of their interest and are provided with a record of the time remaining until the bidding ends. In bidding, it is expected that another bidder does not bid so close to the auction that it is not possible for original bidder to place another bid. This online action format does not encourage true bidding .This online auction format does not allow the seller to maximize the sales price of their items. Therefore there is a need for online bidding system which provides the suppliers an opportunity to maximize returns and retain the benefits both for sellers and buyers of conventional online auction systems. .
OBJECTS OF THE INVENTION:
The main object of the present invention is to provide a system and method which can maximize returns and retain the benefits both for sellers and buyers
Yet another object of the present invention is to provide a system and method which can allow auctions for multiple items to carry auction process simultaneously
Other objects and benefits of the present invention will be more apparent from the following description, which is not intended to bind the scope of the present invention.
SUMMARY OF THE INVENTION:
The present invention discloses a system and method for buying of products provided by suppliers on website by the interested buyers through bidding process. A process for online bidding of products on website by the interested buyers comprising of; Gathering information related to the products which they wants to buy; Finding out suppliers related to the particular product; Starting an online bid; Viewing of bidding of other customers who already bided; Providing a bid to the winning supplier and notifying the winning supplier for delivery of the product; wherein the bidding is for a particular time period and is valid only if a particular no. of bids are provided by the customers .
BRIEF DESCRIPTION OF THE DRAWINGS:
Fig 1 shows the flow chart showing the process for buying of products provided by suppliers on website by the interested buyers through bidding process.
DETAILED DESCRIPTION OF THE INVENTION:
The present invention is a system and method for buying of products provided by suppliers on website by the interested buyers through bidding process. The present invention provides the suppliers an opportunity to maximize returns and retaining the benefits both for sellers and buyers of online auction systems.
The present invention provides time duration to online bidders to start bidding on presented items. The present invention allows online bidders to view all the items which are sold and to show their bids in a manner similar online auction sites. The initial bid decided is the final high bid obtained from the bidding portion. If the website has certain products related to jewellery, wallpapers, mats, valves, belt, brush, furniture like shelfs and chair.
If some users want to buy some furniture in cheaper rate, then they will start bidding for that product which they want. If many users want the same product then through this website, suppliers are providing some discount in bidding price. If bidding is carried out by 100 people for the same item then only it is possible to provide bidding scheme by suppliers. If the criteria of participation of 100 people for bidding are not met, then the bidding is cancelled.
A single user can directly buy the items/products, but under this bidding scheme, one may get the desired product at lower price. The website allows the online bidders to view all the items which they wants to sell out and to place bids similar to online auction sites.
Bidders can bid a minimum bid with a predetermined time period. (For eg: 2-3 days). The difference between higher bid and a lower bid is calculated and a minimum bid requirement is fixed. Bidders can submit bids upto a specified maximum amount. This is an automatic bidding and website server carry out the process of automatic bidding. Online bidders may also request that they must be alerted that a particular item is about to become the subject matter of the auction. In this manner, online bidders do not have to pay attention to numerous individual auctions related to items which they do not have an interest. The alert may be in the form of an audible alarm, a telephone call, a flashing PC display, instant messaging or some other notification means. In general, any means for alerting the bidder is applicable.
A process for online bidding of products provided by suppliers on website by the interested buyers comprising of;
Gathering information related to the products which they want to buy;
Finding out suppliers related to the particular product;
Starting an online bid;
Viewing of bidding of other customers who already bided;
Providing a bid to the winning supplier and
Notifying the winning supplier for delivery of the product.
Wherein the bidding is for a particular time period and is valid only if a particular no. of bids is provided by the customers.
Foe eg: Normal prices available for customers of a particular washing machine are 20,000 Rs. The price under bidding is 15,000 if the bidding is carried out by 100 customers for the same product.
If a single customer wants to buy a washing machine, he/she can buy it directly. Under this bidding for a particular product provided by the suppliers, the price would be lower as compared to market prize.
The products are checked once for determining the quality of the products and then delivered to the winner. The winner of this bidding process is intimated about the policy such as returning of the products in case if the customer is not satisfactory about the quality of the products and about re-delivering of the products if needed.
In this process, the bidding results are compared according to the bids obtained for a particular product and bid comparing record is stored in the database for further future reference.
A system for online bidding of products provided by suppliers on website by the interested buyers comprising of;
A communication network such as internet; A database server, a plurality of customer computers linked to the website server through local area network (LAN) ; plurality of suppliers connected to database server; wherein in the database server, the information of various customers and suppliers is stored.
Online bidders access the IP address/domain name with respect to a website offering auction service. Once the bidder has accessed the website, they are required to register for the auction. The registration process include the personal information of bidder (name, address and telephone no) and a method of payment (credit card number, bank account number) if bidder wants to proceed further for purchase of particular products. A user name and a password authentication are provided to user. A registered bidder is able to access auction by clicking on identified icons or windows displayed on an auction website or website linked to the auction website. All items offered for bid are assigned to a particular auction date and time and are grouped on a "sale list" with other items assigned to the same date and time. Each item is accompanied by a written description and at least one or more static pictures of the item. Bidders can view a video type presentation of the item. Bidders are provided with access to a dynamic picture that may be rotated through 360 degrees allowing a complete view thereof. The specific presentation of the item is based on the preference of the specific website offering the auction. The main objective is to provide presentation with a full and complete understanding of the item to bidders and its condition so that the bidders may make an educated bid. The bidding portion lasts longer period on website (e.g. two weeks) so that bidders can review and enter bids on an item in an open bid format. A current high bid, along with a minimum required bid increment and lowest possible allowed bid, is displayed for the bidder to review. Thus, during the bidding portion, bidders are free to input bids on any of the items desired.
Bidder screen (supplier website screen) is accessed by the user and is the first screen that online bidders will see when they access a website offering the auction. The first page is an auction company screen that provides bidders and other online users with information related to the Auction Company and links to other materials of interest, including sale lists. The first page includes a link to the bidder screen or an indirect link reachable by first viewing a sale list or some other method of locating the desired items for viewing and bidding.
The supplier company provides bidders and online consumers with information related to the bidding company and links to the other products of their interest. The bidder screen is accessible only after registration process of consumer is completed. For accessing the bidder screen, the bidder must put the username and password provided to him/her. The bidder screen also includes instructions for bidding. The bidding screen includes the product pictures and a short written description of the item. An icon for rotation of products in clockwise or anticlockwise direction is also there on bidders screen. A display showing previous bidding history is also provided in screen shot format on screen. Bidders enter their bid amount for a particular product through bid entry window.