Method and system for retail product management
OwnerDavid Jarrett, Mark Blosser +3inventors
InventorsDavid Jarrett, Mark Blosser, Duane Wilcoxson, Brian Masterson, Scott Dreisbach
Life of this patent
Estimating the term…
Abstract
A method for processing dealership vehicle information is provided, including the step of receiving and storing in one step vehicle data for a dealership. A method is also provided for determining adjusted gross profit on a vehicle based on interest assistance variables.
Claims20
In a system for managing sales, financial, vehicle and inventory information for a vehicle dealership, a method for processing the dealership vehicle information, the method comprising the steps of:
- defining first criteria for receiving dealership vehicle data from a dealership, the first criteria including an indicator indicating whether the dealership vehicle data includes data for at least one of new and used vehicles,
- defining second criteria for receiving dealership vehicle data from the dealership, the second criteria being dependent on the indicator for new and used vehicles, and
- receiving and storing in one step vehicle data for each dealership in accordance with the first and second criteria.
A method for determining an adjusted gross profit for a dealership on a vehicle manufactured by a manufacturer and sold by the dealership, the method comprising the steps of:
- receiving data relating to the adjusted gross profit of a vehicle,
- determining a free days amount based on a cost of the vehicle and first interest assistance variables associated with the manufacturer of the vehicle,
- determining an interest cost based on the cost of the vehicle, a number of days in inventory, and second interest assistance variables associated with the manufacturer, and
- calculating an adjusted gross profit for the vehicle based on a gross profit of the dealership on the sale of the vehicle, the free days amount, and the interest cost, and
- communicating the adjusted gross profit to the dealership.
A method for managing vehicle sales and inventory for a dealership, the method comprising the steps of:
- defining criteria for receiving and storing sales, financial, and inventory data relating to a vehicle in an inventory of a dealership,
- receiving and storing the vehicle data according to the defined criteria, the vehicle data including data relating to an interest assistance program associated with a manufacturer of the vehicle,
- calculating for the vehicle, an adjusted gross profit based on the data relating to the interest assistance program associated with the manufacturer of the vehicle, and
- communicating the adjusted gross profit to the dealership.
Dependencies are inferred from the claim text.