System and method for product rationalization
First Claim
1. A product rationalization system for automatically and objectively determining products sold by an account that are candidates for deletion from the account'"'"'s inventory, comprising:
- a memory having product attribute data for a plurality of market products stored thereon, said product attribute data including a product identifier for each product, each product identifier identifying a product group to which its respective product belongs; and
a processor communicatively coupled to said memory, said processor having means for associating account data and said product attribute data where said account data includes an account sort measure and market data for each product of a plurality of account products, said processor further having means for automatically sorting said associated data for said plurality of account products by product identifier and by account sort measure to determine whether each product of said plurality of accounts products has an account distribution measure equal to or below a minimum account distribution measure to determine whether each product is a candidate for deletion from its respective product group, and therefore, a candidate for deletion from said account'"'"'s inventory.
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Accused Products
Abstract
A product rationalization system and method for automatically and objectively determining products sold by an account that are candidates for deletion from the account'"'"'s inventory includes a memory and a processor communicatively coupled to the memory. The processor has means for associating account data and the product attribute data, where the account data includes an account sort measure for each product of a plurality of account products. Each product identifier of the product attribute data identifies its respective product with a product group consisting of a cluster of products that are considered substitutes for each other. Upon sorting the associated data for the products by product identifier and by account sort measure, a product of each group of products that are considered substitutes is determined to be a candidate for deletion from the account'"'"'s inventory.
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Citations
26 Claims
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1. A product rationalization system for automatically and objectively determining products sold by an account that are candidates for deletion from the account'"'"'s inventory, comprising:
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a memory having product attribute data for a plurality of market products stored thereon, said product attribute data including a product identifier for each product, each product identifier identifying a product group to which its respective product belongs; and a processor communicatively coupled to said memory, said processor having means for associating account data and said product attribute data where said account data includes an account sort measure and market data for each product of a plurality of account products, said processor further having means for automatically sorting said associated data for said plurality of account products by product identifier and by account sort measure to determine whether each product of said plurality of accounts products has an account distribution measure equal to or below a minimum account distribution measure to determine whether each product is a candidate for deletion from its respective product group, and therefore, a candidate for deletion from said account'"'"'s inventory. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A product rationalization system for automatically and objectively determining products that are candidates for addition to an account'"'"'s inventory, comprising:
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a memory having market data for a plurality of market products stored thereon, said market data including a list of substantially all products available in a market, said market data further including a market distribution measure for each product of said plurality of products; and a processor communicatively coupled to said memory, said processor having means for associating said market data with account data, said account data including a list of substantially all products in said account, said associated data including an account distribution measure for each product of said plurality of market products in said account, said processor further having means for automatically sorting said associated data to determine products having an account distribution measure equal to or below a minimum account distribution measure to determine products that are candidates for addition to said account'"'"'s inventory, said processor further including means for screening each product having a market distribution measure below a minimum market distribution measure from being determined as a candidate for addition to said account'"'"'s inventory. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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20. A method in a data processing system for determining products that are sold by an account that are candidates for deletion from the account'"'"'s inventory, the data processing system including a processor and a memory storage device, the processor including a user interface and an input device, said method comprising:
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providing product attribute data for a plurality of products stocked by said account, said product attribute data including a product identifier for each product, said product identifier identifying a product group to which its respective product belongs, said product group comprising of a cluster of products that are market substitutes for each other; inputting account performance data and automatically associating said product attribute data with said account performance data, where said account performance data includes an account sort measure for each product of said plurality of products; automatically sorting said associated data by said product identifier and by said account sort measure to determine whether each product of said plurality of products is a least desirable product in a product group; and recommending each product determined to be a least desirable product of a product group for deletion from said account'"'"'s inventory. - View Dependent Claims (21)
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22. A method in a data processing system for determining products that are candidates for addition to an account'"'"'s inventory, the data processing system including a processor and a memory storage device, the processor including a user interface and an input device, said method comprising:
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inputting market data and account data for a plurality of products, said market data including a list of substantially all products available in a market, and said account data providing a list of substantially all products in an account; associating said market data and said account data, said associated data including an account distribution measure for each product listed in said associated data; automatically sorting said associated data to identify products having an account distribution measure equal to or below a minimum account distribution measure; determining a ranking value for each product in said associated data from a market sort measure, market distribution measure, and an account market share measure of each product in said associated data; and recommending each product identified as a candidate for addition to said account'"'"'s inventory. - View Dependent Claims (23, 24, 25, 26)
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Specification