Price planning system and method including automated price adjustment, manual price adjustment, and promotion management
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United States of America Patent
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Sep 28, 2010
Grant Date -
Sep 8, 2005
app pub date -
Jul 28, 2004
filing date -
Mar 8, 2004
priority date (Note) -
In Force
status (Latency Note)
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Abstract
The present invention discloses a method, program, product and system for managing the sale of a product. The system can determine if the product is a slow seller, determining a markdown to be applied to a price of the product, reconciling a markdown budget with the determined markdown to be applied to the price to determine whether the markdown will be applied, and adjusting the price of the product by the markdown. The system can also apply manual pricing data and promotion pricing data. The system integrates several tasks required for selling articles and services.
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