e-LYNXX Receives Business Methods Patent for Competitive Bidding of Print
Press release from the issuing company
Chambersburg, PA – for release May 28, 2002 – The e-LYNXX Corporation today announced it had received a patent from the U.S. Patent and Trademark Office covering an innovative, but now widely used business method, that forms the basis for many of today’s electronic business solutions for print procurement.
The announcement boosts the company, and its printLYNXX• web-based print procurement and job management system, into the enviable position of owning the rights to a process that is a key element for buyers of printing.
In essence, the patent provides e-LYNXX with ownership of the rights to the computerdriven practice of matching the manufacturing capabilities and other attributes of a print supplier to individual job specs, such that print buyers can now obtain competitive pricing based on their suppliers’ open production capacity.
Conversely, those suppliers are now able to obtain greater job opportunities to fill available time in their production schedule without added marketing and sales costs.
e-LYNXX Vice President Doug Harbach says this first patent is a key ingredient in true hard dollar cost savings for print buyers. “The invention addresses a long felt need within the print industry for a method of identifying and managing multiple pools of preferred suppliers to ensure genuine pricing competition,” Harbach says.
Harbach adds that this patent further identifies printLYNXX and its associated business model as the best overall solution not only to manage the complete print procurement process but also to deliver on its promise to save the print buying organization real money.
“Print buyers are always trying to overcome the so-called ‘iron triangle’ of timeliness, quality, and price, where one element is inevitably sacrificed to obtain the other two. Under the real-world use of our patent, buyers can consistently obtain all three ingredients on each customized purchase of a print job.”
The patent was assigned Registration No. 6,397,197 with an issue date of May 28, 2002.
The e-LYNXX Corporation has been in the print and print procurement consulting business since 1975 and offers printLYNXX •, a web-enabled e-management system for buyers of printing, publishing, marketing, packaging, labeling, and information products. The printLYNXX • solution is an easy-to-use print procurement program that automates workflow, streamlines communication, and adds significantly to the bottom line of an organization by guaranteeing savings of 15% out-of-pocket print costs on transactional procurements through managed competition among buyer chosen and preferred suppliers.
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