Method and apparatus for collecting and applying vending machine demand information

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 6324520
SERIAL NO

09164670

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A dispensing device, such as a vending machine, is equipped to monitor product demand and consumer traffic that passes by the machine. The dispensing device collects and analyzes product demand data to determine optimal product stocking, to offer products to undecided consumers and to offer substitute products when a selected product is out of stock. The substitute product may be determined according to which alternate product historically has the highest demand when a particular selected product is unavailable. Alternatively, the substitute product may be determined according to which stocked item has an imminent expiration date. Also, the substitute product may be predetermined by an operator of a vending machine or may be determined by other factors. The substitute product may further be offered to the customer at a discounted price.

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Patent Owner(s)

Patent OwnerAddress
PAYPAL INC2211 NORTH FIRST STREET SAN JOSE CA 95131

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Packes, Jr John M Hawthorne, NY 16 1669
Tedesco, Daniel E New Canaan, CT 537 30814
Walker, Jay S Ridgefield, CT 1531 124413

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