Method of making changes to product mixes on boundary constrained shelves by determining maximum days-on-shelf metric from a product mix constrained by at least physical shelf space
US11205151B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Mar 24, 2020 |
| Grant date | Dec 21, 2021 |
| Priority date | — |
| Expiry date | May 15, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0206
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention relates to a method of determining a maximum days-on-shelf metrics from a product mix constrained by at least physical shelf space and selectively by at least one business rule. The method comprises the steps of defining a boundary constrained shelf space, placing, physically, a product mix within the boundary constrained shelf space, creating a product mix ranking based, in part, on prior sales of each of the product type. The method continues by using a data processing device to develop, through algorithmic autonomous learning, achievable business metric performance of the boundary constrained shelf space. In this regard, a group of similar product mix/ranking is optimized to create an ideal product mix/ranking which is then used to determine the MAXIMUM DAYS-ON-SHELF, which is the number of days before an out of stock condition of a product type SKU occurs.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.