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Integrated price management systems with future-pricing and methods therefor

  • US 7,613,626 B1
  • Filed: 07/30/2005
  • Issued: 11/03/2009
  • Est. Priority Date: 08/09/2004
  • Status: Active Grant
First Claim
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1. In a computerized integrated price management system, a method of maintaining at least one deal with a lowest price status for at least one product in the price management system, said method comprising:

  • inputting a proposed price for the at least one product;

    searching a transaction database of the price management system for the at least one deal having the at least one product with the lowest price status;

    defining a current lowest price as equal to the price of the at least one product with lowest price status;

    when said proposed price is less than said current lowest price, computing a potential revenue impact of lowering the price of said at least one product with said lowest price status to the proposed price; and

    displaying, on an output device of the computerized price management system, the potential revenue impact to a user.

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