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Budget planner for softlines

  • US 10,089,587 B1
  • Filed: 10/13/2015
  • Issued: 10/02/2018
  • Est. Priority Date: 06/14/2011
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented method, comprising:

  • under control of one or more computer systems configured with executable instructions to implement a management system associated with managing a budget across a plurality of item types offered at an electronic platform of a seller and available from a provider,accessing, by the management system from a data store associated with the electronic platform, historical data, seller data, and provider data associated with the plurality of item types;

    ranking, by the management system, the plurality of item types in a ranked order based at least in part on two or more of the historical data, the seller data, or the provider data;

    receiving, by the management system, information about an overall purchase budget amount associated with the seller ordering the plurality of item types from the provider to facilitate offering the plurality of item types at the electronic platform;

    allocating, by the management system, a target purchase budget amount from the overall purchase budget amount to a portion of the plurality of item types according to an assortment determination algorithm implemented with the executable instructions, the assortment determination algorithm configured to allocate individual target purchase budget amounts from the overall purchase budget to respective portions of the plurality of item types based at least in part on the ranked order of the plurality of item types and a combination of parameters associated with one or more of the historical data, the seller data, or the provider data;

    providing, by the management system, access to the plurality of allocated target purchase budget amounts to a computing device of a user, the access allowing the user to request an adjustment to the plurality of target purchase budget amounts;

    automatically, by the management system, adjusting the target purchase budget amount of the portion of the plurality of item types according to the assortment determination algorithm upon approval of a request from the computing device of the user for adjusting another target purchase budget amount from the overall purchase budget amount; and

    outputting the target purchase budget as adjusted from the management system to a procurement system, the outputting causing the procurement system to generate orders for the plurality of item types based at least in part on the target purchase budget as adjusted, the orders enabling the provider to offer the plurality of item types at the electronic marketplace,wherein the plurality of allocated target purchase budget amounts are sent to a commitment tracker and used in generating and tracking one or more commitments by the provider, and wherein changes to the one or more commitments trigger further automatic reallocation of the target purchase budget amount.

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