System and method for management of perpetual inventory values based upon customer product purchases
US11715066B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 5, 2020 |
| Grant date | Aug 1, 2023 |
| Priority date | — |
| Expiry date | Oct 21, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A data structure programmatically links the first product to a second product. The second product is historically purchased by the customer whenever the customer has also purchased the first product. A determination is made as to whether the customer purchased the second product together with the first product based upon the sales data. When the customer has failed to purchase the second product with the first product, instructions are transmitted to the retail store over the network to perform a verification that the second product is out-of-stock. An outcome of the verification from the retail store is received via the network. A determination is made as to a level of certainty that the second product is actually out-of-stock based upon an analysis of the sales data and the outcome of the verification. When the level of certainty exceeds a predetermined threshold, the PI value is adjusted to zero.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.