Electronic method and system for controlling and tracking information related to business transactions

Claim 1

A method for automatically controlling and tracking inventory level activity between a manufacturer and a distributor, comprising the steps of: a) providing i) a manufacturer computer located at a manufacturer location capable of exchanging business transaction information; ii) a distributor computer located at a destination for said manufacturer's goods, said distributor computer capable of exchanging business transaction information; iii) a business controller in electrical communication with said manufacturer computer and said distributor computer; and iv) a transaction generator in electrical communication with said distributor computer and said business controller; b) transmitting inventory level activity information from said distributor computer to said transaction generator and thereafter to said business controller; c) processing of said information by said business controller to generate an order and thereafter transmitting a notification to said transaction generator; d) transmitting of a business transaction by said transaction generator to both said distributor and manufacturer computers; e) transmitting shipping activity information by said manufacturer computer to said transaction generator following processing and shipping of goods to said distributor; f) transmitting an advanced shipment advisory by said transaction generator to both said distributor and manufacturer computers; g) transmitting receipt activity information by said distributor computer to said transaction generator following receipt of said goods; and h) transmitting receipt acknowledgment and billing effect transactions by said transaction generator to both said distributor and manufacturer computers.

Claim 2

A method for automatically controlling and tracking inventory level activity between a manufacturer and a distributor, comprising the steps of: a) providing i) a manufacturer computer located at a manufacturer location capable of exchanging business transaction information; ii) a distributor computer located at a destination for said manufacturer's goods, said distributor computer capable of exchanging business transaction information; iii) a business controller in electrical communication with said manufacturer computer and said distributor computer; and iv) a transaction generator in electrical communication with said distributor computer and said business controller; b) transmitting inventory level activity information from said distributor computer to said transaction generator and thereafter to said business controller; c) processing of said information by said business controller to generate an order and thereafter transmitting a notification to said transaction generator; d) transmitting of a business transaction by said transaction generator to both said distributor and manufacturer computers; e) transmitting shipping activity information by said manufacturer computer to said transaction generator following processing and shipping of goods to said distributor; f) transmitting an advanced shipment advisory by said transaction generator to both said distributor and manufacturer computers; g) transmitting receipt activity information by said distributor computer to said transaction generator following receipt of said goods; and h) transmitting receipt acknowledgment and billing effect transactions by said transaction generator to both said distributor and manufacturer computers.