Manufacturer promotion automation system and methods
First Claim
Patent Images
1. A method for monitoring retail sales and automatically correlating sold products with manufacturer sponsored or approved promotions presented for redemption by customers, comprising the steps of:
- (a) creating a promotion incentive program having parameters relating to at least the following;
(i) identity of a product or service to which the promotion incentive is to apply, (ii) a price reduction amount of the promotion incentive, (iii) monetary value, percentage discount, or quantity discount of the promotion incentive, and (iv) an applicable start date, end date, or both of the incentive program;
(b) providing for incentive program participation acceptance by retailers;
(c) monitoring each incentive discount or credit given by each participating retailer;
(d) calculating the monetary value of each incentive discount or credit given by each participating retailer;
(e) calculating the monetary value of incentives discount or credit to the consumer by each retailer for a selected time period; and
(f) authorizing payment to each retailer for the dollar value of incentives discounted or credited to the consumer for the selected time period.
1 Assignment
0 Petitions
Accused Products
Abstract
The inventive subject matter relates to systems and methods for monitoring retail sales and automatically correlating sold products with manufacturer sponsored or approved promotions presented for redemption by customers.
115 Citations
32 Claims
-
1. A method for monitoring retail sales and automatically correlating sold products with manufacturer sponsored or approved promotions presented for redemption by customers, comprising the steps of:
-
(a) creating a promotion incentive program having parameters relating to at least the following;
(i) identity of a product or service to which the promotion incentive is to apply, (ii) a price reduction amount of the promotion incentive, (iii) monetary value, percentage discount, or quantity discount of the promotion incentive, and (iv) an applicable start date, end date, or both of the incentive program;
(b) providing for incentive program participation acceptance by retailers;
(c) monitoring each incentive discount or credit given by each participating retailer;
(d) calculating the monetary value of each incentive discount or credit given by each participating retailer;
(e) calculating the monetary value of incentives discount or credit to the consumer by each retailer for a selected time period; and
(f) authorizing payment to each retailer for the dollar value of incentives discounted or credited to the consumer for the selected time period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
-
-
16. A method for monitoring retail sales and automatically correlating sold products with manufacturer sponsored or approved promotions presented for redemption by customers, comprising the steps of:
-
(a) at the request or suggestion of a retailer, supplier, or distributor, creating a promotion incentive program having parameters relating to at least the following;
(i) identity of a product or service to which the promotion incentive is to apply, (ii) a price reduction amount of the promotion incentive, (iii) monetary value, percentage discount, or quantity discount of the promotion incentive, and (iv) an applicable start date, end date, or both of the incentive program;
(b) providing for incentive program participation acceptance by retailers;
(c) monitoring each incentive discount or credit given by each participating retailer;
(d) calculating the monetary value of each incentive discount or credit given by each participating retailer;
(e) calculating the monetary value of incentives discount or credit to the consumer by each retailer for a selected time period; and
(f) authorizing payment to each retailer for the dollar value of incentives discounted or credited to the consumer for the selected time period.
-
-
17. A system for monitoring retail sales and automatically correlating sold products with manufacturer sponsored or approved promotions presented for redemption by customers, comprising the following elements, operably connected:
-
(a) at least one computer having at least one storage medium;
(b) one or more databases residing on said at least one storage medium, in which at least the following data is stored;
(1) the identity of a product or service to which the promotion incentive is to apply, (2) a price reduction amount of the promotion incentive, (3) the monetary value, percentage discount, or quantity discount of the promotion incentive, and (4) an applicable start date and end date of the incentive program; and
(c) client software residing on said at least one storage medium providing an interface to said one or more database (s), wherein the client software identifies users and allows users to be classified into groups, and wherein permissions or roles are assigned to such groups, and wherein;
(i) said software permits creation of a promotion incentive program based on said stored data, (ii) said software provides for incentive program participation acceptance by retailers, (iii) said software monitors each incentive discount or credit given by each participating retailer, (iv) said software calculates the monetary value of each incentive discount or credit given by each participating retailer, (v) said software calculates the monetary value of incentives discount or credit to the consumer by each retailer for a selected time period, and (vi) said software authorizes payment to each retailer for the dollar value of incentives discounted or credited to the consumer for the selected time period. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
-
Specification