DEVICE, SYSTEM, AND METHOD OF DYNAMIC MODIFICATION OF SALE TERMS OF ELECTRONIC TRANSACTIONS

• US 20090164295A1
• Filed: 12/20/2007
• Published: 06/25/2009
• Est. Priority Date: 12/20/2007
• Status: Active Grant

• Current Assignee: Edison Vault, LLC
• Original Assignee: International Business Machines Corporation
• Inventors: SION, Lior
• Granted Patent: US 10,229,419 B2
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/063114 Status monitoring or status determination for a person or group
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

Device, system, and method of dynamic modification of sale terms of electronic transactions. For example, a system for electronic transactions includes a computer to store a set of sale terms associated with a product offered for sale, to receive a supply/demand alert associated with the product, to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, and to provide to a client device the modified set of sale terms.

Claims

1. A system for electronic transactions, the system comprising:

a computer to store a set of sale terms associated with a product offered for sale,

to receive a supply/demand alert associated with the product,

to automatically modify one or more terms of the set of sale terms based on the supply/demand alert, and

to provide to a client device the modified set of sale terms.

2. The system of claim 1, wherein the supply/demand alert comprises an alert indicating high demand for the product based on one or more time-related conditions, and wherein the system comprises a time-based alert generator to generate said alert.

3. The system of claim 1, wherein the supply/demand alert comprises an alert indicating high demand for the product based on one or more date-related conditions, and wherein the system comprises a date-based alert generator to generate said alert.

4. The system of claim 1, wherein the supply/demand alert comprises an alert indicating high demand for the product based on one or more event-related conditions, and wherein the system comprises an event-based alert generator to generate said alert.

5. The system of claim 1, wherein the supply/demand alert comprises an alert indicating increased demand for the product, and wherein the system comprises a demand calculator to generate said alert.

6. The system of claim 1, wherein the supply/demand alert comprises an alert indicating low inventory for the product, and wherein the system comprises a low inventory alert generator to generate said alert.

7. The system of claim 1, comprising:

a modification determination module to receive the supply/demand alert, and to determine based on one or more pre-defined sale terms modification rules and based on one or more product filters whether or not to modify one or more terms of the set of sale terms.

8. The system of claim 7, comprising:

a sale terms modifier module to modify one or more terms of the set of sale terms based on the one or more pre-defined sale terms modification rules.

9. The system of claim 8, wherein the sale terms modifier module is to transfer the product from a fixed-price transaction route to an online auction route.

10. The system of claim 9, comprising:

an auction module to automatically generate an online auction for the product based on one or more pre-defined auction generation rules.

11. The system of claim 10, wherein the auction module is to automatically determine an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route.

12. The system of claim 8, wherein the computer is to generate a notification indicating to one or more client devices that one or more of the set of sale terms for the product are modified.

13. A method for electronic transactions, the method comprising:

storing a set of sale terms associated with a product offered for sale;

receiving a supply/demand alert associated with the product;

automatically modifying one or more terms of the set of sale terms based on the supply/demand alert; and

providing to a client device the modified set of sale terms.

14. The method of claim 13, wherein receiving the supply/demand alert comprises:

receiving an alert indicating high demand for the product based on one or more time-related conditions.

15. The method of claim 13, wherein receiving the supply/demand alert comprises:

receiving an alert indicating high demand for the product based on one or more date-related conditions.

16. The method of claim 13, wherein receiving the supply/demand alert comprises:

receiving an alert indicating high demand for the product based on one or more event-related conditions.

17. The method of claim 13, wherein receiving the supply/demand alert comprises:

receiving an alert indicating increased demand for the product.

18. The method of claim 13, wherein receiving the supply/demand alert comprises:

receiving an alert indicating low inventory for the product.

19. The method of claim 13, comprising:

determining whether or not to modify one or more terms of the set of sale terms, based on the supply/demand alert, based on one or more pre-defined sale terms modification rules, and based on one or more product filters.

20. The method of claim 19, comprising:

modifying one or more terms of the set of sale terms based on the supply/demand alert and the one or more pre-defined sale terms modification rules.

21. The method of claim 20, wherein modifying comprises:

transferring the product from a fixed-price transaction route to an online auction route; and

automatically generating an online auction for the product based on one or more pre-defined auction generation rules.

22. The method of claim 21, comprising:

automatically determining an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route.

23. A computer program product comprising a computer useable medium including a computer readable program, wherein the computer readable program when executed on a computer causes the computer to perform a method comprising:

storing a set of sale terms associated with a product offered for sale,

receiving a supply/demand alert associated with the product,

automatically modifying one or more terms of the set of sale terms based on the supply/demand alert, and

providing to a client device the modified set of sale terms.

24. The computer program product of claim 23, wherein the method comprises:

determining whether or not to modify one or more terms of the set of sale terms, based on the supply/demand alert, based on one or more pre-defined sale terms modification rules, and based on one or more product filters.

25. A system for online transactions, the system comprising:

a product database to store a set of sale terms associated with a product offered for sale in a fixed-price transaction route;

a supply/demand alert generator to generate a supply/demand alert associated with the product, the supply/demand alert selected from the group consisting of;

an alert indicating increased demand for the product; and

an alert indicating low inventory for the product;

and

an electronic commerce server to automatically modify the set of sale terms associated with the product from a fixed-price transaction route to an online auction route based on one or more pre-defined sale terms modification rules, to automatically generate an online auction for the product based on one or more pre-defined auction generation rules, and to automatically determined an auction opening price based on a calculation that takes into account a previous price of the product in the fixed-price transaction route.