Automatic Inventory Management System

• US 20150332208A1
• Filed: 02/06/2014
• Published: 11/19/2015
• Est. Priority Date: 02/07/2013
• Status: Abandoned Application

• Current Assignee: Dealer Dot Com, Inc. (Cox Enterprises Incorporated)
• Original Assignee: Dealer Dot Com, Inc. (Cox Enterprises Incorporated)
• Inventors: Scott, Chris, Burnett, Adam, Gibbs, Richard, Macker, Jai Paul, Phillips, Jonathan, Pierce, Jeffrey, Pistell, Joseph James, Snyder, Alexander Garth
• Application Number:
  US14/238,151
• Publication Number:
  US 20150332208A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/0241 Advertisements

Abstract

A method for a dealer to manage products in an inventory includes providing an interface and a processor. The interface is connected for communication with the processor. The interface and the processor are configured so the dealer can provide a plurality of rules through the interface for running on the processor. The processor is configured for running a program for applying the rules to input information that may be provided to the processor regarding a product in the inventory. Outputs of the running the program applying the rules include at least one merchandising action regarding a product in the inventory. The processor is connected to automatically receive the input information and the processor is configured for running a program to automatically implement the at least one merchandising action resulting from applying the rules to the input information.

Claims

1. A method for a dealer to manage products in an inventory, comprising:

a. providing an interface and a processor, wherein said interface is connected for communication with said processor, wherein said interface and said processor are configured so the dealer can provide a plurality of rules through said interface for running on said processor, wherein said processor is configured for running a program for applying said rules to input information that may be provided to said processor regarding a product in the inventory, wherein outputs of said running said program applying said rules include at least one merchandising action regarding a product in the inventory; and

b. wherein said processor is connected to automatically receive said input information, wherein said processor is configured for running a program to automatically implement said at least one merchandising action resulting from applying said rules to said input information.

2. The method as recited in claim 1, further comprising:

a. providing said plurality of rules for running on said processor; and

b. automatically providing said input information regarding the product to said processor, running said program on said processor, and automatically implementing the at least one merchandising action regarding the product.

3. The method as recited in either of claim 1 or 2, wherein said at least one automatic implementing merchandising action varies as a function of time the product is in inventory.

4. The method as recited in any of the previous claims, wherein said at least one automatic implementing merchandising action adjusts product price.

5. The method as recited in any of the previous claims, wherein said at least one automatic implementing merchandising action automatically transmits product advertising copy.

6. The method as recited in claim 5, wherein said automatic transmission of product advertising copy is to at least one from the group consisting an advertising medium and an email marketing campaign.

7. The method as recited in any of claims 1-3, wherein said at least one automatic implementing merchandising action sends the product to an auction.

8. The method as recited in any of the previous claims, wherein said plurality of inputs includes at least one from the group consisting of product identification, a parameter related to current price, a parameter related to current demand, pricing by competitors, manufacturer information, weather conditions, calendar date, holidays, and special events.

9. The system as recited in claim 8, wherein said parameter related to current demand includes at least one from the group consisting of number of physical customers, number of callers, number of digital viewers, number testing the product, number of offers, number penciling financing, number closing a deal, and number unwinding the deal.

10. The method as recited in claim 8, wherein said manufacturer information includes at least one from the group consisting of manufacturer incentive, product supply, and warrantee information.

11. The method as recited in any of the previous claims, wherein said inventory includes a plurality of inventory segments, further comprising providing at least one different rule for each of said inventory segments.

12. The method as recited in any of the previous claims, further comprising providing a storage medium for said input information, further comprising storing said input information for possible retrieval for a subsequent sales event, further comprising retrieving said input information from said storage medium for the subsequent sales event.

13. The method as recited in any of the previous claims, further comprising collecting data correlating sales with product pricing and product advertising actions.

14. The method as recited in any of the previous claims, further comprising adjusting said rule based on said data collected.

15. The method as recited in any of the previous claims, wherein said adjusting said rule is to optimize pricing and advertising based on said data collected.

16. A system for managing pricing and advertising of products in an inventory for a dealer, wherein the advertising is in an advertising medium, comprising a processor connected to receive an input information regarding a product in the inventory and wherein the processor is configured to run a program to apply a rule to said input information, wherein the rule regards at least one from the group consisting of adjusting product pricing and placing product advertising based on the input information, wherein the processor is programmed and connected to automatically implement a change in product pricing and wherein the processor is connected to automatically place a product advertisement in the advertising medium.

17. The system as recited in claim 16, further comprising an interface, wherein said interface and said processor are configured so the dealer can provide said rule through said interface for running on said processor.

18. The system as recited in any of claims 16 and 17, wherein the processor is configured to run a program to apply a plurality of said rules to said input information, wherein said rules provide outputs regarding adjusting product pricing and placing product advertising based on the input information.

19. The system as recited in any of claims 16-18, wherein said input information includes at least one from the group consisting of product identification, a parameter related to current price, a parameter related to current demand, pricing by competitors, manufacturer information, weather conditions, calendar date, holidays, and special events.

20. The system as recited in claim 19, wherein said parameter related to current demand includes at least one from the group consisting of number of physical customers, number of callers, number of digital viewers, digital interest, number testing the product, number of offers, number penciling financing, number closing a deal, and number unwinding the deal.

21. The system as recited in any of claims 16-20, wherein said rule includes setting a parameter related to price for a specified number of days if a specified input occurs.

22. The system as recited in claim in any claims 16-21, further comprising collecting data correlating sales with product pricing and product advertising actions.

23. The system as recited in any of claims 16-22, further comprising adjusting said rule based on said data collected.

24. The system as recited in any of claims 16-23, wherein said adjusting said rule is to optimize pricing and advertising based on said data collected.

25. A system for managing products in an inventory for a dealer, comprising a processor connected to automatically receive input information regarding a business condition for a product in the inventory, wherein the processor is connected to run a program to automatically select from a plurality of merchandising actions for the product based on the input information regarding a business condition for said product, wherein the processor is connected to automatically adjust at least one of said merchandising actions based on said input information.

26. The system as recited in claim 25, wherein the input information regards consumer interest in the product.

27. The system as recited in claim 26, wherein the consumer interest in the product includes number of consumers digitally watching the product.

28. The system as recited in claim 27, wherein the consumers digitally watching the product includes at least consumers from the group consisting of those listing an email indicating desire for alerts regarding the product, returning a form, making a call, offering a bid, and adding to a wish list.

29. A system for managing products in an inventory for a dealer, comprising a processor, a dealer interface, and a database, wherein said processor is connected to said dealer interface and to a source of input information, wherein said processor is connected for adjusting merchandising actions, wherein said dealer interface is configured for a dealer to enter rules into said database, wherein said dealer interface is configured to display how merchandising actions for members of the inventory change with time under said rules.

30. The system as recited in claim 29, wherein said connection for adjusting merchandising actions includes connection to an external digital location for advertising.

31. The system as recited in any of claims 29 and 30, wherein said source of input information includes information about at least one from the group consisting of a physical customer, digital viewers, competitive pricing, manufacturer information, weather conditions, calendar time, holidays, and special events.

32. The system as recited in any of claims 29-31, wherein said manufacturer information includes at least one from the group consisting of incentives, vehicle supply, and warrantee.

33. A system for managing products in an inventory for a dealer, comprising an interface and a processor, wherein said interface is connected for communication with the processor, wherein the interface and processor are configured so the dealer can provide a plurality of rules through the interface for running on the processor, wherein the processor is connected to automatically receive input information, wherein the processor is configured for running a program for applying the rules to the input information that may be provided to the processor, wherein outputs of the rules include merchandising actions regarding a product in the inventory, wherein the processor is programmed and connected to automatically implement at least one of the merchandising actions resulting from applying the rules to the input information.

34. A system for managing products in an inventory for a dealer, comprising a processor connected to automatically receive input information regarding a product in the inventory, wherein the processor is connected to run a program to automatically apply a rule to said input information, wherein the processor is connected to run a program to automatically determine whether a next future application of the rule is planned, and if a next future application of said rule is planned for a future time, said processor runs said program to apply said rule when that future time arrives.

35. The system as recited in claim 34, wherein said next future action includes at least one from the group consisting of a price adjustment and placing an advertisement.

36. A system for managing products in an inventory for a dealer, comprising a processor connected to automatically receive input information regarding a plurality of products in the inventory, wherein the processor is connected to run a program to automatically plot a time line of the price as a function of time for said plurality of products in aggregate that includes thereon a plot of a time line of the price as a function of time for an individual one of said plurality of products.

37. The system as recited in claim 36, wherein said plot of a time line of the price as a function of time for an individual one of said plurality of products includes a different line type for past and future times.

38. A method of managing products in an inventory for a dealer, comprising

a. providing time-based rules wherein said time based rules include discounts as a function of time;

b. providing rule overrides, wherein said rule overrides provide changes in said time-based rules according to specific business conditions that may arise; and

c. providing an interface for a dealer to input said rules and said rule overrides.

39. The method as recited in claim 38, wherein said rules include a first-day rule that establishes a starting price.