Hosted asset procurement system and method

摘要

A hosted system and method for at least one procuring organization to electronically order assets from at least one seller's electronic catalog is provided in which the host participates as a seller of assets and provides a full electronic catalog of products. A procuring organization is assigned at least the host's electronic catalog but may be assigned any number of seller catalogs, including custom catalogs in which assets are offered to the procuring organization at predetermined prices. A procuring organization can specify approval workflow routes in the procuring organization which electronic orders must successfully traverse before being sent, electronically, to sellers.