System and method for dynamic assembly of packages in retail environments

• US 6,601,036 B1
• Filed: 05/16/2000
• Issued: 07/29/2003
• Est. Priority Date: 03/21/1997
• Status: Expired due to Term

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: Walker Digital LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: Van Luchene, Andrew S., Walker, Jay S., Tedesco, Daniel E.
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Hayes, John W.
• Application Number:
  US09/571,210
• Time in Patent Office: 1,169 Days
• Field of Search: 705/26, 705/27, 705/14, 705/10, 705/16, 705/22, 705/28, 235/378, 235/385, 235/380
• US Class Current: 705/7.31
• CPC Class Codes: G06Q 10/06375 Prediction of business process outcome or impact based on a proposed change
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0202 Market predictions or forecasting for commercial activities
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0237 at kiosk
• CPC Class Codes: G06Q 30/0238 at point-of-sale [POS]
• CPC Class Codes: G06Q 30/0242 Determining effectiveness of advertisements
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G07C 15/005 with dispensing of lottery tickets
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3248 involving non-monetary media of fixed value, e.g. casino chips of fixed value
• CPC Class Codes: G07F 17/3255 Incentive, loyalty and/or promotion schemes, e.g. comps, gaming associated with a purchase, gaming funded by advertisements
• CPC Class Codes: G07F 5/24 with change-giving
• CPC Class Codes: G07F 9/026 : for alarm, monitoring and auditing in vending machines or means for indication, e.g. when empty
• CPC Class Codes: G07G 1/0036 : Checkout procedures
• CPC Class Codes: G07G 1/12 : electronically operated digital data processing aspects G06Q20/00
• CPC Class Codes: G07G 5/00 : Receipt-giving machines cash registers giving receipts G07G1/00

Abstract

A system and method for managing the sale of a group of products at a single price based on sales performance data of the products is presented. The method and apparatus include offering a plurality of products by identifying products that are complementary, verifying acceptable sales performance for the complementary products, identifying a package including the complementary products having acceptable sales performance, determining a package price for the products included in the package, and offering the products included in the package at the package price. The status of the package is set to invalid when a time interval in which the package is available has expired. The method and apparatus further include package offer redemption by identifying a package including the products identified, determining a package price for the products included in the package, processing a sale of the products included in the package, adjusting sales performance data based on the sale of the products, and setting a status of the package to invalid when the sales performance data for the products included in the package fail to meet limits.

Claims

1. A storage medium encoded with machine-readable computer program code, said computer program code for directing a computer to perform the steps of:

identifying product identifiers of products that are complementary;

verifying acceptable sales performance for the complementary products;

identifying a package including the product identifiers of the complementary products having acceptable sales performance, in which at least one of the complementary products having acceptable sales performance is associated with a demand rate that is greater than a predetermined demand rate;

determining a package price for the products identified by the product identifiers included in the package; and

outputting the package via an output device.

2. The method of claim 1, in which at least one of the complementary products having acceptable sales performance is associated with a second demand rate that is less than a second predetermined demand rate.

3. A method of offering a plurality of products, the method comprising the steps of:

identifying product identifiers of products that are complementary;

verifying acceptable sales performance for the complementary products;

identifying a package including the product identifiers of the complementary products having acceptable sales performance, in which at least one of the complementary products having acceptable sales performance is associated with a demand rate that is greater than a predetermined demand rate;

determining a package price for the products identified by the product identifiers included in the package; and

outputting the package via an output device.

4. The method of claim 3, wherein the output device is one of a computer monitor, a display and a kiosk.

5. The method of claim 3, further comprising the steps of:

identifying a second package including at least one of the product identifiers of the complementary products; and

selecting one of the packages.

6. The method of claim 5, wherein the selecting step is performed on the basis of a characteristic of the packages.

7. The method of claim 5, wherein the selecting step is performed on the basis of a choice made by a customer.

8. The method of claim 3, further comprising:

offering the products identified by the product identifiers included in the package at the package price.

9. The method of claim 8, wherein the step of offering comprises:

displaying information indicative of the package and the package price.

10. The method of claim 3, wherein the sales performance comprises:

inventory levels for the complementary products.

11. The method of claim 10, wherein the step of verifying comprises:

calculating the inventory levels for the complementary products.

12. The method of claim 3, wherein the sales performance comprises:

demand rates for the complementary products.

13. The method of claim 12, wherein the step of verifying comprises:

calculating the demand rates for the complementary products.

14. The method of claim 3, wherein the sales performance comprises:

profitability levels for the complementary products.

15. The method of claim 3, wherein the sales performance comprises:

turnover rates for the complementary products.

16. The method of claim 3, wherein the sales performance comprises:

cost for the complementary products.

17. The method of claim 3, wherein the step of identifying comprises:

identifying the package from a stored table.

18. The method of claim 3, wherein the step of determining comprises:

retrieving a stored package price.

19. The method of claim 3, wherein the step of determining comprises:

determining a product price for each product identified by the product identifiers included in the package; and

calculating the package price based on the product prices.

20. The method of claim 3, further comprising:

verifying validity of the package.

21. The method of claim 20, wherein the step of verifying validity of the package comprises:

setting a status of the package to invalid when a time interval in which the package is available has expired.

22. The method of claim 3, in which at least one of the complementary products having acceptable sales performance is associated with a second demand rate that is less than a second predetermined demand rate.

23. A method for offering a plurality of products, the method comprising the steps of:

identifying product identifiers of products that are complementary;

verifying acceptable sales performance for the complementary products;

identifying a package including the product identifiers of the complementary products having acceptable sales, in which at least one of the complementary products having acceptable sales performance is associated with a demand rate that is greater than a predetermined demand rate;

determining a package price for the products identified by the product identifiers included in the package;

outputting the package via an output device; and

storing the package in a data storage device.

24. The method of claim 23, in which at least one of the complementary products having acceptable sales performance is associated with a second demand rate that is less than a second predetermined demand rate.

25. A method for offering a plurality of products, the method comprising the steps of:

assembling a first package offer on the basis of inventory data in a database, in which the first package offer includes an indication of at least one product that is associated with a demand rate that is greater than a predetermined demand rate;

outputting the first package;

receiving sales transaction data;

adjusting inventory data in the database on the basis of the received sales transaction data;

evaluating validity of the first package offer on the basis of the adjusted inventory data;

assembling a second package offer on the basis of the adjusted inventory data; and

outputting the second package offer.

26. The method of claim 25, in which the first package offer includes an indication of at least one product that is associated with a second demand rate that is less than a second predetermined demand rate.