Personalized reorder point based advertisement
AssigneeInternational Business Machines Corporation
InventorsBarry A. Kritt, Sarbajit K. Rakshit
Life of this patent
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AssigneeInternational Business Machines Corporation
InventorsBarry A. Kritt, Sarbajit K. Rakshit
Estimating the term…
A method for determining a reorder point tracks a purchase of one of a product and a service by a consumer. The product or service is purchased by the consumer online. The method determines a rate of consumption for the product or service. The method determines a reorder point for the product or a service. The reorder point includes an estimated time after the purchase of the product or service and prior to, based on the rate of consumption, the product or service reaching a safety stock level, minus a replenishment lead time. The safety stock level is a minimum acceptable level of a quantity of remaining product or service due to be delivered. The method delivers an advertisement to the consumer. The advertisement is delivered to the consumer electronically and the advertisement is delivered to the consumer at a time relative to the reorder point.
A method comprising:
A computer program product for determining a time for advertisement delivery, the computer program product comprising a computer readable storage medium having computer readable program code embodied therein, the computer readable program code configured for:
An apparatus comprising:
Dependencies are inferred from the claim text.