Dynamic re-pricing of items on electronic marketplaces and/or online stores
AssigneeFeedvisor Ltd.
InventorsEyal Lanxner, Victor Rosenman
Life of this patent
Estimating the term…
Abstract
A method of dynamically re-pricing items, comprising: a) Receiving from a seller a sale policy for one or more items offered for sale by one or more plurality of vendors. b) Creating a state machine to execute the sale policy by adjusting a price of the one or more items. c) Collecting commerce information by monitoring in real time a plurality of prices given to the one or more items by the one or more vendors. d) Dynamically adjusting a plurality of price setting rules according to analysis of said commerce information. e) Executing the state machine to select one or more of the plurality of price setting rules and modifying the price according to one or more selected price setting rule.
Claims38
A method of dynamically re-pricing items, comprising:
- receiving from a seller a sale policy for at least one item offered for sale by at least one vendor;
- creating a state machine to execute said sale policy by adjusting a price of said at least one item;
- collecting commerce information by monitoring in real time a plurality of prices given to said at least one item by said at least one vendor;
- dynamically adjusting a plurality of price setting rules according to analysis of said commerce information;
- and
- executing said state machine to select at least one of said plurality of price setting rules and modifying said price according to said at least one selected price setting rule.
A re-pricing system for dynamically re-pricing items, comprising:
- an input module which receives from a seller a sale policy for at least one item offered for sale by at least one vendor;
- a monitor module which collects commerce information by monitoring in real time a plurality of prices given to said at least one item by said at least one vendor;
- an analysis module which dynamically adjusts a plurality of price setting rules according to analysis of said commerce information;
- and
- a state machine module which selects at least one of said plurality of price setting rules to adjust a price of said at least one item.
Dependencies are inferred from the claim text.