Target pricing system

US6963854B1 · kind B1 · utility

Assignee

• Manugistics Inc. · US

Inventors

• Dean Boyd · Cottage Grove, US
• Mike Gordon · Oceanside, US
• Jorgen Andersson · Sunnyvale, US
• Chia-Hung Charles Tai · Sunnyvale, US
• Feng Yang · Wang'an Town, TW
• Anupama Kolamala · Bishop, US
• Greg Cook · Bishop, US
• Thomas Guardino · Eugene, US
• Mudita Purang · Sunnyvale, US
• Prabhakar Krishnamurthy · Pleasanton, US
• Mark Cooke · Frisco, US
• Ravi Nandiwada · San Jose, US
• Brian Monteiro · Sunnyvale, US
• Steve Haas · Menlo Park, US

Key dates

• Filing date: Mar 3, 2000
• Grant date: Nov 8, 2005
• Expiry date: Mar 3, 2020

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A business process and computer system known as the “Target Pricing System” (TPS) that generates an optimum bid or value for a competitively bid good or service. The system is resident on one or more host processors in connection with one or more data stores, and includes a product model that defines list values for the bid using stored price data and costs the values using stored cost data, a competitor net price model that calculates an equivalent competitor net price for the value, and