Inventory price optimization

An article of manufacture comprising a program storage medium readable by a data processing apparatus, the medium tangibly embodying one or more programs of instructions executable by the data processing apparatus to perform a method for selectively adjusting a price associated with an SKU stored in an inventory catalog database of a plurality of SKUs, the method comprising:

• retrieving at least a subset of the plurality of inventory SKUs in the catalog database, each of the retrieved inventory SKUs having associated therewith an initial price value, a sales quantity value over a predefined time period, and one or more inventory classifications;
• generating a total sales volume value of a sum of each of the sale quantity values associated with the inventory SKUs;
• generating an ordered list of the retrieved inventory SKUs based upon a ranking of the associated sale quantity values;
• assigning each of the retrieved inventory SKUs to a one of a plurality of sales segment categories based upon sequential running tallies of the sale quantity values associated with the inventory SKUs in the ordered list for each of the sales segment categories, the tallies for the sales segment categories meeting a segment threshold defined by the total sales volume value and a segment division factor;
• deriving a revised price value for each of the associated inventory SKUs in a selected one of the assigned sales segment categories from an application of a re-pricing factor to the corresponding initial price value;
• and
• generating a revised list of the retrieved inventory SKUs with the revised price values substituted for the initial price values.

A method for selectively adjusting a price associated with an inventory stock keeping unit (SKU) stored in a catalog database of a plurality of inventory SKUs, the method comprising:

• retrieving at least a subset of the plurality of inventory SKUs in the catalog database, each of the retrieved inventory SKUs having associated therewith an initial price value, a cost value, and one or more inventory classifications;
• assigning a markup rate to each of the retrieved inventory SKUs defined at least in part by the difference between the cost value and the initial price value;
• deriving a plurality of markup segment categories between a lowest one of the markup rates and a highest one of the markup rates of the retrieved inventory SKUs based upon a segment division factor;
• assigning each of the retrieved inventory SKUs to a one of the plurality of markup segment categories from the associated markup rate;
• deriving a revised price value for each of the associated inventory SKUs in a selected one of the markup segment categories from an application of a re-pricing factor to the corresponding initial price value;
• and
• generating a revised list of the retrieved inventory SKUs with the revised price values substituted for the initial price values.

A method for selectively adjusting a price associated with an inventory stock keeping unit (SKU) stored in a catalog database of a plurality of inventory SKUs, the method comprising:

• retrieving at least a subset of the plurality of inventory SKUs in the catalog database, each of the retrieved inventory SKUs having associated therewith an initial price value, a sales quantity value over a predefined time period, a current available quantity value, and one or more inventory classifications;
• assigning an SKU turnover rate to each of the retrieved inventory SKUs defined at least in part by the sales quantity value over the predefined time period and the current available quantity value;
• generating an ordered list of the retrieved inventory SKUs based upon a ranking of the associated SKU turnover rates;
• assigning each of the retrieved inventory SKUs to a one of a plurality of turnover segment categories based upon sequential running tallies of the SKU turnover rate associated with the inventory SKUs in the ordered list for each of the turnover segment categories, the tallies for the turnover segment categories meeting a segment threshold defined at least in part by a highest one of the SKU turnover rates of the retrieved inventory SKUs, a lowest one of the SKU turnover rates of the retrieved inventory SKUs, and a segment division factor;
• deriving a revised price value for each of the associated inventory SKUs in a selected one of the assigned turnover segment categories from an application of a re-pricing factor to the corresponding initial price value;
• and
• generating a revised list of the retrieved inventory SKUs with the revised price values substituted for the initial price values.