METHOD FOR SUPPLY AND DEMAND PRICING WITHIN A CONSUMER ESTABLISHMENT

• US 20100070374A1
• Filed: 09/15/2009
• Published: 03/18/2010
• Est. Priority Date: 09/15/2008
• Status: Abandoned Application

• Current Assignee: Michael Carter
• Original Assignee: Michael Carter
• Inventors: Carter, Michael
• Application Number:
  US12/559,852
• Publication Number:
  US 20100070374A1
• Time in Patent Office: Days
• US Class Current: 705/15
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 50/12 Hotels or restaurants

Abstract

A method for pricing menu items at a consumer establishment includes repeatedly receiving data with a tracking system, where the data relates to at least one of menu item supplies and patron orders for menu items available at the consumer establishment. The received data is repeatedly analyzed, and the analyzed data is used to set current prices for the menu items. The current prices are then displayed to a patron, and an order is received from the patron for one or more of the menu items based upon the current prices.

Claims

1. A method for pricing menu items at a consumer establishment, the method comprising:

repeatedly receiving data with a tracking system, the data relating to at least one of menu item supplies and patron orders for menu items available at the consumer establishment;

repeatedly analyzing the received data, the analyzed data being used to set current prices for the menu items;

displaying the current prices for the menu items to patrons; and

receiving an order from a patron for one or more of the menu items based on the current prices.

2. The method of claim 1, further comprising setting high and low prices for each menu item within the tracking system.

3. The method of claim 2, wherein the high and low prices are set by an operator of the consumer establishment.

4. The method of claim 2, wherein the current price for each menu item is set between the high and low price for that menu item.

5. The method of claim 1, further comprising receiving payment from the patron at the current price based on when the order is placed.

6. The method of claim 5, wherein the received order is for delivery of the ordered menu item during a subsequent visit to the consumer establishment.

7. The method of claim 6, further comprising providing the patron a record of ordered menu items to be delivered during a subsequent visit to the consumer establishment.

8. The method of claim 6, wherein the subsequent visit to the consumer establishment is determined by the patron.

9. The method of claim 6, wherein the subsequent visit to the consumer establishment is determined at the time of receiving the order for the menu item.

10. The method of claim 1, wherein the data concerning menu item supplies comprises supplies of ingredients for menu items.

11. The method of claim 10, wherein the menu items include beverages.

12. The method of claim 10, wherein the beverages comprise alcoholic beverages.

13. The method of claim 10, wherein the menu items include culinary preparations.

14. The method of claim 1, further comprising interfacing the tracking system with a supplies and/or ordering system of the consumer establishment to enable transfer of the data from the supplies and/or ordering system to the tracking system.

15. The method of claim 1, wherein displaying the current prices includes displaying pricing trends for menu items.

16. The method of claim 1, wherein displaying the current prices includes displaying the current prices on a ticker display.

17. The method of claim 16, wherein the ticker display is one of a partial overlay or a sidebar on a video monitor.

18. The method of claim 1, wherein the data relating to patron orders for menu items includes ordering trends for menu items.

19. The method of claim 1, wherein the received data relates to menu item supplies and patron orders for menu items from at least two co-managed consumer establishments.