Methods systems and computer program products for monitoring inventory and prices
US8666847B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 1, 2011 |
| Grant date | Mar 4, 2014 |
| Priority date | — |
| Expiry date | Aug 12, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0201
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods, systems, and computer program products for an inventory story monitor are disclosed. In one or more embodiments, the disclosed method involves predicting a number of inventory items on a future date based at least in part upon a number of the inventory items on the current date and a rate of consumption of the inventory items, which is determined based on prior sales of the inventory items. The method also involves determining a price trend of the inventory items. In addition, the method involves determining whether to purchase the inventory items on the current date based at least in part upon the predicted number of inventory items, a rate of consumption of the inventory items, and a price trend of the inventory items. Further, the method involves displaying to the user an indicator of whether to purchase the inventory items on the current date or on a later date.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.