Price markdown apparatus
AssigneeDemandTec, Inc.
InventorsParitosh Desai, Rob Parkin, John Crowther, David Davtian, France Savard, Krishna Venkatraman, Chi-Yi Kuan, Fedor Dzegilenko
Life of this patent
Estimating the term…
Abstract
An apparatus for providing relative optimized pricing for markdown items is provided. A financial engine for determining revenue for determining sales costs is provided. An optimization engine receiving input from the financial engine and uses the determined sales costs to provide relative optimized pricing for markdown items and provides pricing and a promotion calendar for non-markdown items.
Claims43
An apparatus for providing relative optimized pricing for a plurality of markdown items for at least one store, comprising:
- a financial engine for determining revenue for determining sales costs;
- an optimization engine receiving input from the financial engine for using the determined sales costs and providing relative optimized pricing for markdown items and provides pricing and a promotion calendar for non-markdown items, comprising an engine for providing non-markdown item pricing;
- an engine for providing a promotion calendar;
- and
- an engine for providing markdown item pricing.
A computer implemented method for providing pricing for markdown items and non-markdown items, comprising:
- collecting sales, cost, and competitive data from the plurality of stores;
- analyzing the collected sales, cost, and competitive data;
- providing pricing and a markdown schedule for markdown items and pricing for non-markdown items;
- analyzing on an at least weekly basis sales of the markdown items;
- tuning the markdown schedule based on the analyzing data collected on an at least weekly basis;
- and
- providing tuned markdown schedule.
An apparatus for providing relative optimized pricing for markdown items, comprising:
- a financial engine for determining revenue for determining sales costs;
- an optimization engine receiving input from the financial engine for using the determined sales costs and providing relative optimized pricing for markdown items and provides pricing and a promotion calendar for non-markdown items.
Dependencies are inferred from the claim text.