Method and system for price planning
First Claim
Patent Images
1. Non-transitory computer-readable media for price plan, the computer-readable media comprising program code stored therein executable by one or more machines, the computer-readable media comprising:
- an automated pricing engine;
a manual pricing engine;
pricing implementation engine comprising;
instructions for receiving price planning information from one of the automated pricing engine and the manual pricing engine to generate a price planning schedule, the price planning schedule including price changes, the price changes being based on a total product life cycle and an actual product life cycle;
instructions for transferring the price planning schedule to have a data enrichment process performed where a user is allowed to intervene in the data enrichment process and modify the price planning schedule, wherein a modified price planning schedule is generated based on the data enrichment process;
instructions for implementing a comparison process, to implement a validation process for the modified price planning schedule and to implement the modified price planning schedule; and
instructions for storing a first data source, the modified price planning schedule, a budget, a budget plus a tolerance value, and an approval status;
instructions for determining whether a cost of the modified price planning schedule is less than the budget, the pricing implementation engine being further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget but not the budget plus the tolerance value, and the pricing implementation engine further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget plus the tolerance value;
instructions for transmitting a warning signal based on the cost of the modified price planning schedule exceeding the budget but not the budget plus the tolerance value;
instructions for transmitting a first data source approval signal based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; and
instructions for implementing the modified price planning schedule based on at least one of the cost of the price planning schedule being less than the budget, the cost of the pricing planning schedule exceeding the budget but not exceeding the budget plus the tolerance value, and receiving an approval of the modified price planning schedule based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value.
2 Assignments
0 Petitions
Accused Products
Abstract
A price planning workbench includes an automated pricing engine, a manual pricing engine, and a user interface. The user interface is configured to receive price planning information from one of the automated pricing engine and the manual pricing engine to generate a price planning schedule. The automated pricing engine may comprise a slow seller engine, a promotion management engine, or some other automated engine capable of providing the price changes used to generate the price planning schedule.
-
Citations
33 Claims
-
1. Non-transitory computer-readable media for price plan, the computer-readable media comprising program code stored therein executable by one or more machines, the computer-readable media comprising:
-
an automated pricing engine; a manual pricing engine; pricing implementation engine comprising; instructions for receiving price planning information from one of the automated pricing engine and the manual pricing engine to generate a price planning schedule, the price planning schedule including price changes, the price changes being based on a total product life cycle and an actual product life cycle; instructions for transferring the price planning schedule to have a data enrichment process performed where a user is allowed to intervene in the data enrichment process and modify the price planning schedule, wherein a modified price planning schedule is generated based on the data enrichment process; instructions for implementing a comparison process, to implement a validation process for the modified price planning schedule and to implement the modified price planning schedule; and instructions for storing a first data source, the modified price planning schedule, a budget, a budget plus a tolerance value, and an approval status; instructions for determining whether a cost of the modified price planning schedule is less than the budget, the pricing implementation engine being further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget but not the budget plus the tolerance value, and the pricing implementation engine further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget plus the tolerance value; instructions for transmitting a warning signal based on the cost of the modified price planning schedule exceeding the budget but not the budget plus the tolerance value; instructions for transmitting a first data source approval signal based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; and instructions for implementing the modified price planning schedule based on at least one of the cost of the price planning schedule being less than the budget, the cost of the pricing planning schedule exceeding the budget but not exceeding the budget plus the tolerance value, and receiving an approval of the modified price planning schedule based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A price planning system comprising:
-
one or more processors; a memory; and computer-readable media including program code stored therein executable by the one or more processors, the computer-readable media comprising; an automated pricing module; an manual pricing module; a pricing implementation module comprising; instructions for receiving price planning information from one of the automated pricing module and the manual pricing module to generate a price planning schedule, the price planning schedule including price changes, the price changes being based on a total product life cycle and an actual product life cycle; instructions for storing the price planning information; instructions for transferring the price planning schedule to the price planning system, the price planning system configured to perform a data enrichment process on the price planning schedule, the price planning system configured to allow a user to intervene in the data enrichment process and modify the price planning schedule, the price planning system configured to generate a modified price planning schedule based on the data enrichment process; instructions for determining whether a cost of the modified price planning schedule is less than the budget, the pricing implementation module further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget but not the budget plus the tolerance value, and the pricing implementation module further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget plus the tolerance value; instructions for transmitting a warning signal based on the cost of the modified price planning schedule exceeding the budget but not the budget plus the tolerance value; instructions for transmitting a first data source approval signal based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; instructions for implementing the modified price planning schedule based on at least one of the cost of the modified price planning schedule being less than the budget, the cost of the modified pricing planning schedule exceeding the budget but not exceeding the budget plus the tolerance value, and receiving an approval of the modified price planning schedule based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; and wherein the price planning system is configured to modify a promotion by at least one of deactivating individual sale prices of the promotion, reactivating individual sale prices of the promotion, deactivating all of the sale prices of the promotion, reactivating all of the sale prices of the promotion, adding an article to the promotion, and changing a sales price of the promotion. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
-
-
23. A program product embodied on a non-transitory computer-readable medium for generating a price planning schedule, the program product comprising machine-readable program code stored therein, comprising:
-
an automated pricing engine; a manual pricing engine; a pricing implementation engine comprising; instructions for receiving price planning information from one of the automated pricing engine and the manual pricing engine to generate the price planning schedule, the price planning schedule including price changes, the price changes being based on a total product life cycle and an actual product life cycle; instructions for storing the price planning information; transfer instructions for transferring the price planning schedule to have a data enrichment process performed where a user is allowed to intervene in the data enrichment process and modify the price planning schedule, wherein a modified price planning schedule is generated based on the data enrichment process; instructions for determining whether a cost of the modified price planning schedule is less than the budget, the pricing implementation engine further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget but not the budget plus the tolerance value, and the pricing implementation engine further comprising instructions for determining whether the cost of the modified price planning schedule exceeds the budget plus the tolerance value; instructions for transmitting a warning signal based on the cost of the modified price planning schedule exceeding the budget but not the budget plus the tolerance value; transmit instructions for transmitting a first data source approval signal based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; instructions for implementing the modified price planning schedule based on at least one of the cost of the modified price planning schedule being less than the budget, the cost of the modified pricing planning schedule exceeding the budget but not exceeding the budget plus the tolerance value, and receiving an approval of the modified price planning schedule based on the cost of the modified price planning schedule exceeding the budget plus the tolerance value; and wherein the program product comprises instructions for modifying a promotion by at least one of deactivating individual sale prices of the promotion, reactivating individual sale prices of the promotion, deactivating all of the sale prices of the promotion, reactivating all of the sale prices of the promotion, adding an article to the promotion, and changing a sales price of the promotion. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33)
-
Specification