Price planning system and method including automated price adjustment, manual price adjustment, and promotion management
First Claim
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1. A price planning system, comprising:
- an automated pricing engine;
a promotions engine;
a manual pricing engine; and
a user interface configured to receive price planning information from one of the automated pricing engine, the promotion engine and the manual pricing engine.
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Abstract
The present invention discloses a method, program, product and system for managing the, sale of a product. The system can determine if the product is a slow seller, determining a markdown to be applied to a price of the product, reconciling a markdown budget with the determined markdown to be applied to the price to determine whether the markdown will be applied, and adjusting the price of the product by the markdown. The system can also apply manual pricing data and promotion pricing data. The system integrates several tasks required for selling articles and services.
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Citations
26 Claims
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1. A price planning system, comprising:
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an automated pricing engine;
a promotions engine;
a manual pricing engine; and
a user interface configured to receive price planning information from one of the automated pricing engine, the promotion engine and the manual pricing engine. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A price planning system, comprising automated pricing means for generating markdown data;
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promotion means for generating promotion data;
manual pricing means for generating manual pricing data; and
user interface means for receiving the markdown data, the manual pricing data, and the promotion data. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A program product for generating a price planning schedule, the program product comprising machine-readable program code for causing, when executed, one or more machines to implement:
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an automated pricing engine;
a manual pricing engine;
a promotion engine; and
a user interface configured to receive price planning information from one of the automated pricing engine and the manual pricing engine to generate a price planning schedule.
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26. A method of pricing comprising:
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receiving automated pricing data from an automated pricing engine;
receiving manual pricing data from a manual pricing engine;
receiving promotion pricing data from a promotion engine; and
generating a price planning schedule in response to the automated pricing data, the manual pricing data, and the promotion engine data.
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Specification