Real-time alerts for abnormal item pricing
US11887139B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 30, 2020 |
| Grant date | Jan 30, 2024 |
| Priority date | — |
| Expiry date | Sep 13, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0633
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An item price that is noted in a transaction for an item is identified. Any discount or item price override is identified for the transaction. A catalogue price for the item is obtained. Similar items associated with the item are determined based on mapped transaction contexts for the item and the similar items within a multidimensional space. Similar item prices are obtained and a median price for the item and similar items is calculated. A real-time price alert is sent to a resource that is associated with processing or handling the transaction when the item price, adjusted for any discount or item price override, deviates (above or below) from the median price by a threshold amount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.