Abstract: Electronic asset disposal request forms are created, approved, and forwarded to a surplus property disposal professional who then may modify and supplement the electronic request forms to create electronic postings that are accessible over a computer network to interested potential buyers. The potential buyer may then create an offer which is processed electronically. The surplus property professional may have discretion to determine which potential buyers are eligible to participate and whether to invoke an automated “last and final” bidding process, as well as the ability to select between a simple “for sale” posting and a “closed bid” posting. Details of pending auctions may be automatically circulated to participants in prior auctions of similar items and to other registered buyers who have expressed interest in those types of items. The result is a flexible mechanism that is fair and efficient for all concerned.

Abstract: An integrated, efficient, timely and easy to use system and method is disclosed for product and service procurement from outside vendors by an organization. The system incorporates best business practices. The system provides for posting of a requisition requesting bids at a publicly accessible site, such as a server attached to the Internet. Allowing registered product and service providers the option of entering bids, revising bids and withdrawing bids during a preset bidding period. Upon the closing of the bidding period, reviewing the bids and awarding the contract for the requisition based on a preset criteria to one or more the bidding product or service providers. The system allows for the awarding of a requisition to one or more than one product or service provider. The system can be integrated into an internal product and service requisition authorization system used by the organization.

Abstract: A method and system is disclosed for requisitioning products and services in an organization. The method and system incorporates various best business practices into a flexible system that stream lines the requisitioning process. In one version the system and method is adapted to and takes advantage of a network computer system of an organization.