A system and method is disclosed which allows the aggregation of the
demands of various buyers, providing an incentive for suppliers to bid to
supply those demands in an auction. The system and method operates by
scanning a database which contains a listing of goods or services sought
by various people or entities. Thereafter, similar goods or services are
grouped together and presented to various vendors. The vendors are given
the opportunity to bid on the group of similar goods or services. Such a
bid may vary from the originally purchased goods or services as long as
the bid is within a predetermined range. The vendor which presents the
optimum bid within a predetermined period of time is selected as the
provider of the goods or services and proceeds to supply the goods or
services at the bid upon amount.