Products and processes for vending a plurality of products via defined groups

• US 8,068,933 B2
• Filed: 02/10/2009
• Issued: 11/29/2011
• Est. Priority Date: 07/30/2003
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: Walker Digital LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: Walker, Jay S., Breitenbach, Paul T., Tedesco, Daniel E., Lee, Sih Y., Signorelli, Paul D., Gelman, Geoffrey M., Jorasch, James A.
• Primary Examiner(s): WAGGONER, TIMOTHY R
• Application Number:
  US12/368,369
• Publication Number:
  US 20090144179A1
• Time in Patent Office: 1,022 Days
• Field of Search: 700/236, 700/240
• US Class Current: 700/240
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G07F 9/026 for alarm, monitoring and auditing in vending machines or means for indication, e.g. when empty

Abstract

Products and processes are disclosed for defining at least one inventory group. This at least one inventory group includes at least two products that are available for sale by a vending machine. The vending machine outputs an indication of products that the at least one inventory group includes. The vending machine receiving, from a customer, a selection of a first product that the at least one inventory group includes. The vending machine processes a sale of a unit of the first product and a respective unit of at least one additional product for a single price.

Claims

1. An apparatus, comprising:

a processor; and

a storage device in communication with the processor and storing instructions that when executed by the processor result in;

defining at least one inventory group based on a desired inventory amount of at least one product that is available for sale, in which the at least one inventory group includes at least two products that are available for sale, wherein the defining comprises calculating a target sales rate of the at least one product to achieve a desired inventory amount of one unit of the at least one product by a predetermined time;

outputting an indication of products that the at least one inventory group includes;

receiving, from a customer, a selection of a first product that the at least one inventory group includes; and

processing a sale of a unit of the first product and a respective unit of at least one additional product for a single price.

2. An apparatus, comprising:

a processor; and

a storage device in communication with the processor and storing instructions that when executed by the processor result in;

defining at least one inventory group based on at least one of;

a cost of at least one product that is available for sale,

a retail price of at least one product that is available for sale, and

a retail profit margin of at least one product that is available for sale, in which the at least one inventory group includes at least two products that are available for sale;

outputting an indication of products that the at least one inventory group includes;

receiving, from a customer, a selection of a first product that the at least one inventory group includes; and

processing a sale of a unit of the first product and a respective unit of at least one additional product for a single price.

3. The method of claim 2, in which defining at least one inventory group comprises:

determining a first cost of a second product that is available for sale; and

defining the at least one inventory group to include the second product based on the first cost.

4. The method of claim 2, in which defining at least one inventory group comprises:

determining a first retail price of a second product that is available for sale; and

defining the at least one inventory group to include the second product based on the first retail price.

5. The method of claim 2, in which defining at least one inventory group comprises:

determining a first retail profit margin of a second product that is available for sale; and

defining the at least one inventory group to include the second product based on the first retail profit margin.

6. The method of claim 5, in which defining at least one inventory group comprises:

determining a total profit during a time period of all products available for sale;

determining a profit contribution during the time period of the second product; and

defining the at least one inventory group to include the second product based on the first retail profit margin and the total profit.

7. The method of claim 6, in which determining a total profit during a time period of all products available for sale comprises:

for each product available for sale during the time period, determining a profit contribution by multiplying

a number of units sold of the respective product during the time period by

the retail profit margin of the respective product; and

aggregating the profit contributions of all products available for sale;

and in which determining a profit contribution during the time period of the second product comprises;

multiplying

a number of units sold of the second product during the time period by

the first retail profit margin of the second product;

and in which defining the at least one inventory group to include the second product based on the first retail profit margin and the total profit comprises;

defining the at least one inventory group to include the second product based on a ratio of

the profit contribution during a time period of the second product and

the total profit.

8. The method of claim 6, in which determining a total profit during a time period of all products available for sale comprises:

for each product available for sale during the time period, determining a profit contribution;

ranking all products available for sale by the respective profit contribution of the product;

selecting a subset of highest ranked products, such that the sum of the respective profit contributions of the subset are approximately a predetermined percentage of the total profit; and

defining the at least one inventory group to include the subset of highest ranked products.

9. The method of claim 2, in which defining at least one inventory group comprises:

defining the at least one inventory group based on a product of;

(i) a retail profit margin of at least one product that is available for sale, and

(ii) a rate of units sold per time of the at least one product.

10. An apparatus, comprising:

a processor; and

a storage device in communication with the processor and storing instructions that when executed by the processor result in;

defining at least one inventory group based on at least one of;

an acceptance rate of offers which include at least one product that is available for sale, in which the at least one inventory group includes at least two products that are available for sale;

outputting an indication of products that the at least one inventory group includes;

receiving, from a customer, a selection of a first product that the at least one inventory group includes; and

processing a sale of a unit of the first product and a respective unit of at least one additional product for a single price.

11. The method of claim 10, in which defining at least one inventory group comprises:

determining a first acceptance rate of a second product that is available for sale; and

defining the at least one inventory group to include the second product based on the first acceptance rate.

12. An apparatus, comprising:

a processor; and

a storage device in communication with the processor and storing instructions that when executed by the processor result in;

defining at least two inventory groups, in which each of the at least two inventory groups includes at least one respective product that is available for sale;

outputting, for each of the inventory groups, an indication of products that the respective inventory group includes;

receiving, from a customer, a selection of;

a first product that one of the inventory groups includes, and

a second product that another one of the inventory groups includes; and

processing a sale of a unit of the first product and a unit of the second product.

13. The method of claim 12, further comprising:

providing, to the customer, an offer to sell to the customer, for one predetermined price,

(i) at least one unit of any product that is included in a first inventory group, and

(ii) at least one unit of any product that is included in a second inventory group.

14. The method of claim 13, in which providing an offer comprises:

providing, to the customer, an offer to sell to the customer, for one predetermined price,

(i) one unit of any product that is included in a first inventory group, and

(ii) one unit of any product that is included in a second inventory group.

15. The method of claim 13, in which receiving, from a customer, a selection comprises:

receiving, from the customer, a first selection of the first product; and

then

receiving, from the customer, a second selection of the second product;

and in which providing the offer is performed after receiving the first selection and before receiving the second selection.

16. The method of claim 12, in which receiving, from a customer, a selection comprises:

receiving, from the customer, a first selection of the first product; and

then

receiving, from the customer, a second selection of the second product.

17. The method of claim 16, in which defining at least two inventory groups comprises:

defining at least one inventory group after the step of receiving the first selection.

18. The method of claim 17, in which defining the at least one inventory group after the step of receiving the first selection comprises:

defining the at least one inventory group based on the first selection of the first product.

19. The method of claim 17, further comprising:

defining at least one inventory group before the step of receiving the first selection.

20. The method of claim 16, in which defining at least two inventory groups comprises:

defining the at least two inventory groups before the step of receiving the first selection.

21. The method of claim 16, further comprising:

after receiving the first selection, preventing the customer from selecting any product that is available for sale but that the another one of the inventory groups does not include.

22. The method of claim 12, in which defining at least two inventory groups comprises:

determining, for every product that is available for sale, a rating;

defining a first inventory group to include a first set of products;

defining a second inventory group to include a second set of products,

in which each product that the first inventory group includes has a rating that is not less than a rating of any product that the second inventory group includes, and

in which every product that is available for sale is included in at least one of the first inventory group and the second inventory group.

23. An apparatus, comprising:

a processor; and

a storage device in communication with the processor and storing instructions that when executed by the processor result in;

defining at least two inventory groups, in which each of the at least two inventory groups includes at least one respective product that is available for sale;

outputting, for each of the inventory groups, an indication of products that the respective inventory group includes;

providing, to a customer, an offer to sell to the customer, for one predetermined price,

(i) one unit of any product that is included in a first inventory group, and

(ii) one unit of any product that is included in a second inventory group

in which the predetermined price is less than a sum of

(a) a price of one unit of any product that is included in the first inventory group, and

(b) a price of one unit of any product that is included in the second inventory group;

receiving from the customer one payment of at least the predetermined price;

receiving, from the customer, a first selection of a first product that one of the inventory groups includes;

receiving, from the customer, a second selection of a second product that another one of the inventory groups includes; and

processing a sale of a unit of the first product and a unit of the second product for the predetermined price.