Importance

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Abstract

A system and method of altering transaction terms which examines inventory levels and changes transaction terms, such as price and rental period. The system includes a plurality of electronic price labels associated with a plurality of rental items for displaying rental terms of the rental items including price information and rental period information, a storage medium containing a plurality of threshold inventory ranges and a plurality of prices associated with the inventory ranges and a plurality of rental periods associated with the inventory ranges, and a computer which determines first inventory levels for the rental items and first inventory ranges from the current inventory levels at first rental terms including first prices and first rental periods and which determines second inventory levels and second threshold inventory ranges from the second inventory levels for the rental items and whether to replace the first prices with second prices and the first rental periods with second rental periods if the second inventory ranges differ from the first inventory ranges, and which sends a message to the electronic price labels to display second rental terms including the second prices and the second rental periods.

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First Claim