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Methodology Cuts 25% To 50% From The Procured Cost Of Goods And Services
By Anthony W. Hawks, Chief Legal Officer, e-LYNXX Corporation
In broad outline, e-LYNXX Patent No. 7,451,106 ("e-LYNXX '106") covers any computer operated system for procuring specification-defined goods or services that (1) matches vendor attributes with project specifications to identify qualified vendors, (2) disseminates a solicitation to at least two identified vendors, and (3) receives a bid response. The business method protected by this patent includes the following summary activities:
- ENTER vendor pool attributes (e.g. production capabilities, location, quality, status)
- ENTER project specifications (e.g. production requirements, location, quality, status)
- MATCH vendor pool attributes to project specifications to identify subset of qualified vendors)
- SEND project specifications to sub-set of qualified vendors
- RECEIVE a bid response from at least one vendor
The purpose of this white paper is to describe how e-LYNXX '106 works, why it is novel, and what makes it so valuable in today's marketplace. In so doing, it will be important to distinguish between (1) the requirements of the patent itself for infringement purposes and (2) how the patent should be used with a broader set of business rules to achieve the optimal cost savings that makes it valuable to any potential licensee or user.
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