Electronic product registration system with sales incentive program management function

• US 20020169671A1
• Filed: 04/25/2002
• Published: 11/14/2002
• Est. Priority Date: 07/25/2000
• Status: Abandoned Application

• Current Assignee: SiRAS.com Inc. (Millennium Prime, Inc.)
• Original Assignee: SiRAS.com Inc. (Millennium Prime, Inc.)
• Inventors: Junger, Peter J.
• Application Number:
  US10/131,493
• Publication Number:
  US 20020169671A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user

Abstract

An electronic product registration (ER) system that manages sales incentive programs to assure that proper credit (e.g., spiff) is given under such programs in accordance with the particular incentive policies associated therewith. The ER system enables sales incentive programs or the like to be more easily implemented, managed and carried out in accordance with the applicable rules and procedures. The invention reduces and/or prevents improper commissions or spiffs from being paid as well as assures that proper commissions are paid when appropriate. By monitoring sales and returns of serialized products for which an incentive program has been defined, the ER system provides accurate reports on credits earned under such programs.

Claims

1. A method of implementing a sales incentive program for sales of certain products having a unique identifier associated therewith, said method comprising:

defining a sales incentive program in an electronic product registration system, wherein the sales incentive program provides incentive payments to parties responsible for sales of the products;

registering sales of the products in the electronic product registration system, wherein registering sales includes recording, for each transaction, transaction information including a unique identifier for the product being purchased, a date associated with the sale, and an identifier of the specific party responsible for the sale;

registering returns of products in the electronic product registration system, including indicating a unique identifier for each product returned; and

performing accounting functions in the electronic product registration system to determine credits earned under the incentive program based on registered sale and return information in the electronic product registration system.

2. The method of claim 1, further including generating reports on the credits earned for use by a sponsor of the incentive program.

3. The method of claim 1, wherein defining a sales incentive program includes identifying in the electronic product registration system products for the incentive program, starting and ending dates for the incentive program, and at least one policy to be used by the electronic product registration system when performing the accounting functions.

4. The method of claim 3, wherein defining at least one policy includes defining an amount of a credit that will be earned for a sale of a product under the incentive program.

5. The method of claim 4, wherein defining at least one policy further includes defining an amount of a debit that will be applied for a return of a product originally purchased under the incentive program.

6. The method of claim 1, wherein the unique identifier is a serial number.

7. The method of claim 1, wherein registering sales includes registering sales in the electronic product registration system from a plurality of different locations.

8. The method of claim 1, further including generating reports from the information on sales and returns in the electronic product registration system indicating credits earned under the incentive program for each party for which an identifier has been entered in connection with a sales transaction.

9. The method of claim 1, further including enabling access to the electronic registration system by the parties responsible for sales for the purpose of informing the parties of credits earned to date under the incentive program.

10. A method of implementing a sales incentive program for sales of certain products having a unique identifier associated therewith, said method comprising:

defining a sales incentive program in an electronic product registration system, wherein the sales incentive program provides incentive payments to parties responsible for sales of the products;

registering sales of the products in the electronic product registration system, wherein registering sales includes recording, for each transaction, transaction information including a unique identifier for the product being purchased, a date associated with the sale, and an identifier of the specific party responsible for the sale;

applying a credit in the electronic registration system to the specific party responsible for each sale;

registering returns of products in the electronic product registration system, including indicating a unique identifier for each product returned;

applying a debit in the electronic product registration system for each return of a product that was previously sold under the incentive program, wherein the debit is applied to the specific party that was responsible for the sale; and

performing reporting functions in the electronic product registration system to determine credits earned under the incentive program based on registered sale and return information in the electronic product registration system.

11. The method of claim 10, further including generating reports on the credits earned for use by a sponsor of the incentive program.

12. The method of claim 10, wherein defining a sales incentive program includes identifying in the electronic product registration system products for the incentive program, starting and ending dates for the incentive program, and at least one policy to be used by the electronic product registration system when performing the accounting functions.

13. The method of claim 12, wherein defining at least one policy includes defining an amount of a credit that will be earned for a sale of a product under the incentive program.

14. The method of claim 13, wherein defining at least one policy further includes defining an amount of a debit that will be applied for a return of a product originally purchased under the incentive program.

15. The method of claim 10, wherein the unique identifier is a serial number.

16. The method of claim 10, wherein registering sales includes registering sales in the electronic product registration system from a plurality of different locations.

17. The method of claim 10, further including generating reports from the information on sales and returns in the electronic product registration system indicating credits earned under the incentive program for each party for which an identifier has been entered in connection with a sales transaction.

18. The method of claim 10, further including enabling access to the electronic registration system by the parties responsible for sales for the purpose of informing the parties of credits earned to date under the incentive program.