SYSTEM AND METHODS FOR GENERATING QUANTITATIVE PRICING POWER AND RISK SCORES
First Claim
1. A method for generating quantitative pricing power and pricing risk scores, useful in association with an integrated price management system, the method comprising:
- receiving at least one segment associated with a customer;
identifying at least one pricing power factor;
identifying at least one pricing risk factor;
assigning a raw pricing power score for each of the at least one pricing power factor for each of the at least one segment;
assigning a raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment;
generating a pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor for each of the at least one segment;
generating a pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment;
generating the quantitative pricing power score for each of the at least one segment by computing a weighted average of the raw pricing power score for each at least one pricing power factor using the generated pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor; and
generating the quantitative pricing risk score for each of the at least one segment by computing a weighted average of the raw pricing risk score for each at least one pricing risk factor using the generated pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor.
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Abstract
The present invention relates to a quantitative pricing power and pricing risk score generator and methods therefore, useful in association with an integrated price management system. Such a system may include a segment generator, a segment pricing power analyzer, and a segment pricing risk analyzer. The segment generator may receive or generate segments associated with a customer. Segment generation uses transaction level data which includes product attribute information, market data, and transaction history data. The segment pricing power analyzer and risk analyzer identify pricing power and risk factors, and assign raw scores to each factor, generates a weight for each raw score for each of the pricing power factors, and generates the quantitative pricing power and risk scores for each segment by computing a weighted average of the factors using the generated weights for each of the raw scores. Weights may be assigned according to default values or may be generated via an optimization.
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Citations
20 Claims
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1. A method for generating quantitative pricing power and pricing risk scores, useful in association with an integrated price management system, the method comprising:
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receiving at least one segment associated with a customer; identifying at least one pricing power factor; identifying at least one pricing risk factor; assigning a raw pricing power score for each of the at least one pricing power factor for each of the at least one segment; assigning a raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment; generating a pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor for each of the at least one segment; generating a pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment; generating the quantitative pricing power score for each of the at least one segment by computing a weighted average of the raw pricing power score for each at least one pricing power factor using the generated pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor; and generating the quantitative pricing risk score for each of the at least one segment by computing a weighted average of the raw pricing risk score for each at least one pricing risk factor using the generated pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A quantitative pricing power and pricing risk score generator, useful in association with an integrated price management system, the quantitative pricing power and pricing risk score generator comprising:
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a segment generator configured to receive at least one segment associated with a customer; a segment pricing power analyzer configured to identify at least one pricing power factor, assign a raw pricing power score for each of the at least one pricing power factor for each of the at least one segment, generate a pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor for each of the at least one segment, and generate the quantitative pricing power score for each of the at least one segment by computing a weighted average of the raw pricing power score for each at least one pricing power factor using the generated pricing power weight for each of the raw pricing power score for each of the at least one pricing power factor; and a segment pricing risk analyzer configured to identify at least one pricing risk factor, assign a raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment, generate a pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor for each of the at least one segment, and generate the quantitative pricing risk score for each of the at least one segment by computing a weighted average of the raw pricing risk score for each at least one pricing risk factor using the generated pricing risk weight for each of the raw pricing risk score for each of the at least one pricing risk factor. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification