Electronic price label system
AssigneeMariella Labels Oy
InventorGöran SUNDHOLM
Life of this patent
Estimating the term…
Abstract
An electronic price label system and a method for an electronic price label system, the electronic price label system comprising a product database in which products are listed. In the method a new price for a product is determined, wherein the new price is based at least in part on a current price of the product, a ratio of the currently used sales time to the total duration of the sales season, and a ratio of the sales of the products in the previous observation time frame, e.g. a week, to the planned sales of the products in the observation time frame. The determined new price for the product is sent to the electronic price label linked to the product.
Claims25
A method for an electronic price label system, the electronic price label system comprising a product database in which products are listed, wherein in the method following steps are performed:
- determining a new price for a product, wherein the new price is based at least in part on:
- a current price of the product,
- a ratio of the currently used sales time to the total duration of the sales season, and
- a ratio of the sales (number of products or revenue) of the products in a previous observation time frame, e.g. a week, to the planned sales (number of products or revenue) of products in the observation time frame, and
- sending the determined new price for the product to an electronic price label linked to the product.
An electronic price label system comprising a product database in which products are listed, wherein
- the electronic price label system is configured to determine a new price for a product, wherein the new price is based at least in part on:
- a current price of the product,
- a ratio of the currently used sales time to the total duration of the sales season, and
- a ratio of the sales (number of products or revenue) of the products in a previous observation time frame, e.g. a week, to the planned sales (number of products or revenue) of products in the observation time frame, and
- the electronic price label system is configured to send the determined new price for the product to an electronic price label linked to the product.
Dependencies are inferred from the claim text.