Methods systems and computer program products for monitoring inventory and prices
First Claim
1. A computer-implemented method for notifying a user about replenishing an inventory item, the method comprising:
- receiving, at a computer, electronic data indicating a number of the inventory item purchased by a user in the past and electronic data indicating prior sales of the inventory item;
determining, with the computer, a number of the inventory item on a current date based on the number of the inventory item purchased by the user in the past and the prior sales of the inventory item;
predicting, with the computer, a number of the inventory item on a future date based at least in part upon the number of the inventory item on the current date and a rate of consumption of the inventory item determined based on the prior sales of the inventory item;
determining, with the computer, a price trend for the inventory item and whether to purchase the inventory item on the current date based at least in part upon the predicted number of the inventory item, the rate of consumption of the inventory item, and the price trend for the inventory item; and
displaying to the user an indicator of whether to purchase the inventory item on the current date or on a later date.
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Accused Products
Abstract
Methods, systems, and computer program products for an inventory story monitor are disclosed. In one or more embodiments, the disclosed method involves predicting a number of inventory items on a future date based at least in part upon a number of the inventory items on the current date and a rate of consumption of the inventory items, which is determined based on prior sales of the inventory items. The method also involves determining a price trend of the inventory items. In addition, the method involves determining whether to purchase the inventory items on the current date based at least in part upon the predicted number of inventory items, a rate of consumption of the inventory items, and a price trend of the inventory items. Further, the method involves displaying to the user an indicator of whether to purchase the inventory items on the current date or on a later date.
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Citations
18 Claims
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1. A computer-implemented method for notifying a user about replenishing an inventory item, the method comprising:
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receiving, at a computer, electronic data indicating a number of the inventory item purchased by a user in the past and electronic data indicating prior sales of the inventory item; determining, with the computer, a number of the inventory item on a current date based on the number of the inventory item purchased by the user in the past and the prior sales of the inventory item; predicting, with the computer, a number of the inventory item on a future date based at least in part upon the number of the inventory item on the current date and a rate of consumption of the inventory item determined based on the prior sales of the inventory item; determining, with the computer, a price trend for the inventory item and whether to purchase the inventory item on the current date based at least in part upon the predicted number of the inventory item, the rate of consumption of the inventory item, and the price trend for the inventory item; and displaying to the user an indicator of whether to purchase the inventory item on the current date or on a later date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A computer program product comprising a non-transitory computer readable storage medium embodying one or more instructions executable by a computer to perform a process for notifying a user about replenishment status of an inventory item, the process comprising:
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receiving, at the computer, electronic data indicating a number of the inventory item purchased by the user in the past, and electronic data indicating prior sales of the inventory item; determining, with the computer, a number of the inventory item on a current date based on the number of the inventory item purchased by the user in the past and the prior sales of the inventory item; predicting, with the computer, a number of the inventory item on a future date based at least in part upon the number of the inventory item on the current date and a rate of consumption of the inventory item determined based on the prior sales of the inventory item; determining, with the computer, a price trend for the inventory item, and whether to purchase the inventory item on the current date based at least in part upon the predicted number of the inventory item, a rate of consumption of the inventory item, and the price trend for the inventory item; and displaying to the user an indicator of whether to purchase the inventory item on the current date or on a later date.
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18. A system for notifying a user about a replenishment status of an inventory item, the system comprising:
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an intermediate computer operably coupled to a source of inventory item data through a first network and operably coupled to a computing device of a user through a second network; and replenishment status program executing on or accessible by the intermediate computer, the replenishment status program being configured to receive electronic data indicating a number of the inventory item purchased by the user in the past;
to receive electronic data indicating prior sales of the inventory item;
to determine a number of the inventory item on a current date based on the number of the inventory item purchased by the user in the past and the prior sales of the inventory item;
to predict a number of the inventory item on a future date based at least in part upon the number of the inventory item on the current date and a rate of consumption of the inventory item determined based on the prior sales of the inventory item;
to determine a price trend for the inventory item;
to determine whether to purchase the inventory item on the current date based at least in part upon the predicted number of the inventory item, a rate of consumption of the inventory item, and the price trend for the inventory item; and
to display to the user an indicator of whether to purchase the inventory item on the current date or on a later date.
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Specification