System and method for specification and exchange management

摘要

A system and method for specification and exchange management includes a specification application, an exchange application, a source application, and an optional enterprise application. The specification application enables a user to create, modify, and retire specifications for items having standard terminology in a standard format. The exchange application enables a user to perform a transaction for generating a request for quote/request for proposal to designated suppliers for an item, receiving supply proposals in response to the requests, and forming a contract to supply of the items. The source application exchanges content between the specification application and the exchange application. The enterprise application communicates with user applications for users of the system and transmits content to and from the user and the specification application and the exchange application.