Optimized tire category management method

• US 20070129989A1
• Filed: 12/02/2005
• Published: 06/07/2007
• Est. Priority Date: 12/02/2005
• Status: Abandoned Application

• Current Assignee: Alvaro Mendoza, Brett Ponton, Garey Smiley, Vinod Raju
• Original Assignee: Alvaro Mendoza, Brett Ponton, Garey Smiley, Vinod Raju
• Inventors: Smiley, Garey, Mendoza, Alvaro, Raju, Vinod, Ponton, Brett
• Application Number:
  US11/293,396
• Publication Number:
  US 20070129989A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0202 Market predictions or forecasting for commercial activities
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration

Abstract

A method of product category management that is not dependent on product sales history includes defining market segments to serve; setting a product screen of product characteristics for existing product lines and proposed product lines; calculating at least one trade area; determining product population and product demand potential within the trade area; deriving a store stocking solution based on product demand potential; and implementing the store stocking solution.

Claims

1. A method of product category management comprising:

defining segments to serve;

set a product screen of product characteristics for existing product lines and proposed product lines;

calculate at least one trade area;

determine product population and product demand potential within the trade area;

derive a store stocking solution based on product demand potential;

implement the store stocking solution.

2. The method according to claim 1 further comprising monitoring results of the store stocking solution to determine the necessity for an adjustment to the product screen.

3. The method according to claim 1 wherein the product information used in the product screen is taken from at least one of the group:

SKU number, brand, line, size.

4. The method according to claim 1, wherein the product comprises a line of tires, the product information used in the product screen is taken from at least one category within the group:

SKU number, brand, line, and size.

5. The method according to claim 4, wherein the tire population is derived from a vehicle population within the trade area.

6. The method according to claim 5 wherein the product demand potential is at least partially based on the age of the vehicle population within the trade area.

7. A method of tire category management comprising:

conducting a tire category review;

setting a tire screen positioning existing and proposed tire lines;

creating a tire line table based on a plurality of tire information categories;

profiling at least one store within at least one trade area;

determining tire population and tire potential within the one trade area based tire characteristic;

deriving a store stocking recommendation based on the tire population and tire potential.

8. The method according to claim 7, wherein further comprising monitoring results of the store stocking solution to determine the necessity for an adjustment to the tire screen.

9. The method according to claim 7 wherein the tire information categories comprise SKU number, brand, line, tire size.

10. The method according to claim 7 wherein the tire population is derived from a vehicle population within the trade area.

11. The method according to claim 10 wherein the tire demand potential is at least partially based on the age of the vehicle population within the trade area.

12. The method according to claim 10, wherein the tire population is age weighted within the trade area based upon vehicle population age.