Method and program for reduction of retail sales revenue limitations

A method for implementing a disposition instruction for unsold product items remaining in inventory at a retail level store comprising the steps of:

• providing a master database on a computer server that stores product information and disposition instructions for specified unsold product items in a retail store inventory;
• collecting data elements from store inventory items at the retail store by a data collection device having a display, a data element scanning interface, a manual data input interface, a central processing unit, and a memory containing product item and program control information, said data elements are encoded on product item packaging and said data elements containing information associated with the product item;
• displaying on the data collection device a listing of unsold product items specified to collect data from;
• transmitting one or more data elements on product information to said computer server to update a data table in said master database with the one or more data elements including collected data from the unsold product items;
• transmitting disposition instructions for at least one specified unsold product items from the computer server to the data collection device and displaying said instructions on the display;
• and
• implementing said disposition instructions for specified unsold product items at the retail level store after data collection and display of restrictions.

A method for acquiring data and managing unsold product items in inventory at a retail level store comprising the steps of:

• providing a master database on a computer server storing data elements associated with identified product items and including disposition instructions for specified unsold product items;
• providing a data collection device having an internal memory, a data input interface that includes a data code scanning device and a manual data input device, a display screen, and a communication link to the master database on the computer server;
• inputting one or more data elements from encoded data associated with the product item into the data collection device in a retail level store using said data input interface during an in store review of unsold product items, said review promoted by a computer coupled to the master database;
• transmitting said one or more data elements from the data collection device to said computer server to update a data table in said master database;
• and
• displaying a disposition instruction for the specified unsold product item on the display screen of the data collection device for implementing at the retail store.