System, method, and computer program product for synchronizing price information among various sources of price information
First Claim
1. A system for synchronizing price information, the system comprising:
- a computing device capable of receiving a request for price information associated with at least one item;
the computing device further capable of obtaining database results from a first database responsive to the request, the database results comprising a plurality of entries each defining at least a price of the at least one item;
the computing device further capable of modifying at least one entry in the database results by determining an expected revenue of the at least one item at both the price included in the database results and a more competitive price when compared to at least one other entry in the database results and changing the price to the more competitive price at least partially based on the expected revenue of the at least one item;
the computing device further capable of providing the database results to a customer, the database results including the modified entry; and
the computing device further capable of providing the modified entry to a second database such that the second database includes the modified entry.
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Accused Products
Abstract
A system, method, and computer program product to synchronize price information among various sources of price information in response to the modification of a price of an item by one source. The price modification may occur in response to a request for price information for a particular item and an analysis of the price information to determine price-competitiveness. The modified price may be provided by the modifying source to other sources of price information for the particular item. Alternatively, the modified price may be provided by the modifying source to a controlling source of price information for the particular item, and then provided by the controlling source to other sources if approved at the controlling source.
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Citations
21 Claims
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1. A system for synchronizing price information, the system comprising:
a computing device capable of receiving a request for price information associated with at least one item;
the computing device further capable of obtaining database results from a first database responsive to the request, the database results comprising a plurality of entries each defining at least a price of the at least one item;
the computing device further capable of modifying at least one entry in the database results by determining an expected revenue of the at least one item at both the price included in the database results and a more competitive price when compared to at least one other entry in the database results and changing the price to the more competitive price at least partially based on the expected revenue of the at least one item;
the computing device further capable of providing the database results to a customer, the database results including the modified entry; and
the computing device further capable of providing the modified entry to a second database such that the second database includes the modified entry.- View Dependent Claims (2, 3, 4, 5, 6, 19)
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7. A method of synchronizing price information, the method comprising:
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receiving a request for price information associated with at least one item;
obtaining database results from a first database responsive to the request, the database results comprising a plurality of entries each defining at least a price of the at least one item;
modifying at least one entry in the database results by determining an expected revenue of the at least one item at both the price included in the database results and a more competitive price when compared to at least one other entry in the database results and changing the price to the more competitive price at least partially based on the expected revenue of the at least one item;
providing the database results to a customer, the database results including the modified entry; and
providing the modified entry to a second database such that the second database includes the modified entry. - View Dependent Claims (8, 9, 10, 11, 12, 20)
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13. A computer program product for synchronizing price information, the computer program product comprising at least one computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising:
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a first executable portion capable of receiving a request for price information associated with at least one item;
a second executable portion capable of obtaining database results from a first database responsive to the request, the database results comprising a plurality of entries each defining at least a price of the at least one item;
a third executable portion capable of modifying at least one entry in the database results by determining an expected revenue of the at least one item at both the price included in the database results and a more competitive price when compared to at least one other entry in the database results and changing the price to the more competitive price at least partially based on the expected revenue of the at least one item;
a fourth executable portion capable of providing the database results to a customer, the database results including the modified entry; and
a fifth executable portion capable of providing the modified entry to a second database such that the second database includes the modified entry. - View Dependent Claims (14, 15, 16, 17, 18, 21)
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Specification