Efficient retail item assortment
OwnerMargalyn Toi Jenkins, Keith William Kornfeldinventors
Life of this patent
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Abstract
A system and method for selecting products for retail sale provides ranking data for use in product selection. Worksheets provide for comparison to consumer preference data. Data is provided in the worksheets to allow for easy evaluation to determine a sales threshold based upon the ranking data and provided in combination with the consumer preference data.
Claims25
A method for evaluating information relating to a group of products for assisting a user in selecting at least some of the products for retail sale, the method comprising:
- ranking products within a predetermined product class based upon sales data;
- determining a sales threshold for the ranked products;
- evaluating ranked products falling within a predetermined range of the sales threshold with reference to consumer preference data;
- and
- selecting products for sale based upon the evaluation.
A computer implemented method for processing product and consumer preference information to assist a user in evaluating a group of products to select at least some of the products for retail sale, the method comprising:
- receiving the product and consumer preference information relating to each product within the group of products;
- processing the product and consumer preference information to rank the products within a predetermined product class based upon sales data;
- and
- displaying the ranked product information in combination with at least some of the product and consumer preference information for use in determining a sales threshold for the ranked products and evaluating the ranked products falling within a predetermined range of the sales threshold with reference to the consumer preference data to select products for retail sale.
A system for processing product and consumer preference information relating to a group of products, the system comprising
- an interface for receiving product and consumer preference information;
- and
- a processor configured to process the product and consumer preference information to produce ranked product information for display in combination with at least some of the product and consumer preference information.
Dependencies are inferred from the claim text.