Automated price management system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Nov 6, 2012
Grant Date -
Sep 2, 2004
app pub date -
Feb 27, 2003
filing date -
Feb 27, 2003
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A price management system that is capable of automatically or manually determining price adjustments based on current competitor pricing, retail site sales and other price related factors, such as cost of the product, freight charges, state and federal laws and state and federal taxes. Once price adjustments are determined they are able to be instantaneously and automatically implemented at the point of sale. In one of the most relevant applications, retail automotive fuel pricing, the system is able to automatically adjust and display prices on the fuel pumps as well as the advertising signs in the vicinity of the retail site. This system and methods provide for a comprehensive and efficient means of determining price adjustments and implementing the price adjustments in real-time fashion at the point-of-sale.
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