Integrated price management systems with future-pricing and methods therefor
US7613626B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 30, 2005 |
| Grant date | Nov 3, 2009 |
| Priority date | — |
| Expiry date | Nov 23, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q99/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention presents systems and methods of future-pricing in an integrated price management system. The invention provides a method of maintaining at least one deal with a lowest price status for at least one product in the price management system by inputting a proposed price for product; searching the price management system for deals having the product with the lowest price status; defining a current lowest price as equal to the price of the product; and, if said proposed price is less than said current lowest price, then computing a potential revenue impact of lowering the price of said product to the proposed price.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.