Cooperative buying system for purchasing consumer products using a computer network

• US 20010039519A1
• Filed: 03/07/2001
• Published: 11/08/2001
• Est. Priority Date: 03/08/2000
• Status: Abandoned Application

• Current Assignee: David John Richards
• Original Assignee: David John Richards
• Inventors: Richards, David John
• Application Number:
  US09/799,711
• Publication Number:
  US 20010039519A1
• Time in Patent Office: Days
• US Class Current: 705/27
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/0605 Supply or demand aggregation
• CPC Class Codes: G06Q 30/0623 Item investigation
• CPC Class Codes: G06Q 30/0631 Item recommendations
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing

Abstract

A system, method and apparatus that provides buying information and recommendations to help consumers purchase products from retail merchants when prices are at their lowest relative point rather than when the consumer runs out and needs to purchase at a higher price. The system provides electronic access to a plurality of product information from a plurality of retail merchants in a plurality of markets. For each regularly purchased product the system displays the lowest price available from a plurality of retail merchants. It also displays a price index that indicates how the current lowest price compares with the high and low price recorded for the product over a defined period of time, a re-order index that forecasts when the consumer is expected to run out of the product and a unit price index that indicates how the current unit price compares with the unit prices of a group of similar products. Using the price, re-order and unit price index information the system recommends products that the consumer should consider purchasing. For products purchased from retail merchants with physical stores the system will create a shopping list for each store listing the products in order of location in the physical store for quick purchase. Finally, the system provides a cooperative price check and update function where some consumers, who are also members, check and update prices and store location information on a defined number of products during their regular shopping trip and share this information with the larger consumer population.

Claims

1. A method for a cooperative consumer electronic shopping and pricing system that provides consumers with buying information and purchase recommendations for products when retail prices are at their lowest relative point and prior to when consumer demand for the product exists.

2. The method of

claim 1

, which further comprises the steps of:

a) Logging in a consumer.

b) Transmitting and displaying a plurality of product information including the lowest retail price available for each product offered by a plurality of retail merchants in each market and sorting this information in order of recommended purchase.

c) Receiving product search requests from the consumer and transmitting back and displaying a resulting plurality of products.

d) Receiving product department and category selections from the consumer and transmitting back and displaying a resulting plurality of products.

e) Receiving product selections from the consumer that consist of a plurality of regularly purchased products and transmitting back and displaying this list of products sorted in order of recommended purchase.

f) Receiving product selections from the consumer that consists of a plurality of products selected by the consumer for purchase and transmitting back and displaying this list of products.

g) Transmitting and displaying the list of products selected for purchase sorted by each retail merchant available in the market listing the total products recommended to be purchased at this retail store and the total savings that can be realized by purchasing these products at this retail store.

h) Receiving requests from the consumer to temporarily de-activate retail merchants whereby products are then automatically moved to the remaining active retail merchants based on the next lowest price for each product and transmitting back and displaying this information.

i) Receiving a request from the consumer to create store shopping lists whereby the plurality of products in the list of products selected for purchase are sorted by each retail merchant and transmitted back to the consumer and displayed.

3. The method of

claim 1

, which further comprises a method that creates, stores and displays a price index for each product within a plurality of products from a plurality of retail merchants. Where the price index provides an indication of how the current lowest price available from a plurality of retail merchants compares with the high and low prices recorded for this product over a defined period of time.

4. The method of

claim 1

, which further comprises a method that creates, stores and displays a price history for each product within a plurality of products from a plurality of retail merchants. Where the price history provides a graphical indication of the price levels over a defined period of time.

5. The method of

claim 1

, which further comprises a method that creates, stores and displays a personalized re-order index for each product within a plurality of products for each consumer. Where the re-order index provides an indication of how much time is remaining before the consumer will need to purchase the product.

6. The method of

claim 1

, which further comprises a method that creates, stores and displays a unit price index for each product within a plurality of products from a plurality of retail merchants. Where the unit price index provides an indication of how the current unit price compares with the unit prices of a group of similar products.

7. The method of

claim 1

, which further comprises a method where a plurality of products for each registered consumer are recommended for purchase based on the pre-defined regularly purchased list of products, price index, re-order index and unit price index information.

8. The method of

claim 1

, which further comprises a method where a plurality of products in a plurality of product categories are recommended for purchase based on the pre-defined regularly purchased list of products, price index, re-order index and unit price index information.

9. The method of

claim 1

, which further comprises a method to create and display a list of retail merchant stores that offer the lowest price for products contained in the consumers shopping list that were selected for purchase where each store displays the total quantity of products, total price and total savings that can be realized by purchasing products at these stores.

10. The method of

claim 9

, which further comprises a method to temporarily de-activate retail merchants and departments from the temporary list of products sorted by each retail merchant whereby products are then moved to the remaining active retail merchants based on the next lowest price for each product.

11. An apparatus for a cooperative consumer electronic shopping and pricing system that provides consumers with buying information and purchase recommendations for products when retail prices are at their lowest relative point and prior to when consumer demand for the product exists.

12. The apparatus of

claim 11

, which further comprises:

a) A communications network establishing two-way communication between a central site and each of a plurality of consumer computers.

b) A computer located at a central site, the computer including

i) A means for storing a plurality of customer information, a plurality of product information, a plurality of product department and category information, a plurality of pricing information for a plurality of retail merchants in a plurality of markets, a plurality of regularly purchased products, a plurality of products selected for purchase and a means for storing a plurality of store shopping lists.

ii) Means for transmitting product information to each of the consumer'"'"'s computers.

iii) Means for receiving search requests from each of the consumer'"'"'s computers and transmitting a resulting plurality of products to each of the consumer'"'"'s computers.

iv) Means for receiving product department and category selections from the consumer and transmitting a resulting plurality of products to each of the consumer'"'"'s computers.

v) Means for receiving product selections from the consumer that consist of a plurality of regularly purchased products and transmitting this list of products sorted in order of recommended purchase to each of the consumer'"'"'s computers.

vi) Means for receiving product selections from the consumer that consists of a plurality of products selected for purchase and transmitting this list of products to each of the consumer'"'"'s computers.

vii) Means for transmitting the list of products selected for purchase sorted by each retail merchant available in the market listing the total products recommended to be purchased at this retail store and the total savings that can be realized by purchasing these products at this retail store to each of the consumer'"'"'s computers.

viii) Means for receiving requests from the consumer to temporarily de-activate retail merchants and move products to the remaining active retail merchants based on the next lowest price for each product and transmitting this information to each of the consumer'"'"'s computers.

ix) Means for receiving a request from the consumer to create store shopping lists whereby the plurality of products in the list of products selected for purchase are sorted by each retail merchant and transmitting this information to each of the consumer'"'"'s computers.

c) A computer located at a each consumer, the computer including

i) Means for displaying product information.

ii) Means for sending search requests to the central computer, receiving and displaying a resulting plurality of products from the central computer.

iii) Means for sending product department and category selections to the central computer and receiving and displaying a resulting plurality of products from the central computer.

iv) Means for sending regularly purchased product selections to the central computer and receiving and displaying this list of products sorted in order of recommended purchase from the central computer.

v) Means for sending product selections for purchase to the central computer and receiving this list of products from the central computer.

vi) Means for receiving and displaying the list of products selected for purchase sorted by each retail merchant in the market from the central computer.

vii) Means for sending requests to temporarily de-activate retail merchants to the central computer and receiving and displaying the revised retail merchant list from the central computer.

viii) Means for sending a request to create store shopping lists to the central computer and receiving and displaying the store shopping lists from the central computer.

13. A method for a cooperative consumer electronic shopping and pricing system that provides consumers who are also members with the ability to input pricing information on products and share this pricing information with the larger consumer population.

14. The method of

claim 13

, which further comprises the steps of:

a) Logging in a consumer as a member.

b) Receiving a request from the member to create store-shopping lists whereby a plurality of products that require price checks are included in the store shopping lists and transmitted back and displayed. Where selection of the products that require price checks are based on previous price check date, product order frequency and price change frequency. Where the consumer will check prices and store location during their regular shopping trip.

c) Receiving product price and location changes from members for a plurality of products that require price checking and transmitting back and displaying the changed store lists.

d) Receiving product price updates from members for a plurality of products based on prices advertised by retail merchants.