DYNAMIC VARIABLE DISCOUNT SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT

• US 20120158480A1
• Filed: 12/09/2011
• Published: 06/21/2012
• Est. Priority Date: 12/17/2010
• Status: Abandoned Application

• Current Assignee: IYER Holdings, Inc.
• Original Assignee: IYER Holdings, Inc.
• Inventors: Sundaram, Venkatesh M.
• Application Number:
  US13/316,151
• Publication Number:
  US 20120158480A1
• Time in Patent Office: Days
• US Class Current: 705/14.23
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions

Abstract

According to one aspect of the present disclosure, a system, method and technique for dynamic variable discounts is disclosed. The system includes: a shopping module executable by a processing unit to accumulate data corresponding to a shopping event of a consumer; and a discount module executable by a processing unit to evaluate data corresponding to the shopping event and dynamically determine a discount to be applied to at least one item selected by the consumer during the shopping event.

Claims

1. A dynamic variable discount system, comprising:

a shopping module executable by a processing unit to accumulate data corresponding to a shopping event of a consumer; and

a discount module executable by a processing unit to evaluate data corresponding to the shopping event and dynamically determine a discount to be applied to at least one item selected by the consumer during the shopping event.

2. The system of claim 1, wherein the discount module is configured to determine the discount in response to the consumer clicking on a discount icon displayed on a website associated with the shopping event.

3. The system of claim 1, wherein the discount module is configured to determine the discount based on a rate of sales for the item.

4. The system of claim 1, wherein the discount module is configured to determine the discount based on inventory data corresponding to the item.

5. The system of claim 1, wherein the discount module is configured to determine the discount based on a quantity of items stored in a shopping cart corresponding to the shopping event.

6. The system of claim 1, wherein the discount module is configured to determine the discount based on historical shopping data of the consumer.

7. The system of claim 1, wherein the discount module is configured to determine the discount based on historical item return data corresponding to the consumer.

8. The system of claim 1, wherein the discount module is configured to determine the discount based on a time period corresponding to the shopping event.

9. The system of claim 1, wherein the discount module is configured to determine the discount based on a quantity of website pages visited by the consumer during the shopping event.

10. The system of claim 1, wherein the discount module is configured to determine the discount based on a quantity of icon click inputs received from the consumer during the shopping event.

11. A dynamic variable discount method, comprising:

accumulating data corresponding to a website shopping event of a consumer;

storing the shopping event data in memory; and

responsive to receiving a discount request by the consumer, dynamically determining a discount to be applied to at least one item selected by the consumer during the shopping event.

12. The method of claim 11, further comprising determining the discount based on a rate of sales for the item.

13. The method of claim 11, further comprising determining the discount based on inventory data corresponding to the item, the inventory data indicating a quantity of the item residing in inventory available for sale.

14. The method of claim 11, further comprising determining the discount based on historical shopping data of the consumer.

15. The method of claim 11, further comprising determining the discount based on historical item return data corresponding to the consumer.

16. The method of claim 11, further comprising determining the discount based on a quantity of website pages visited by the consumer during the shopping event.

17. The method of claim 11, further comprising determining the discount based on a quantity of icon click inputs received from the consumer during the shopping event.

18. The method of claim 11, further comprising:

displaying a plurality of exploration icons;

tracking user click input of the exploration icons; and

determining the discount based on the user click input of the exploration icons.

19. The method of claim 11, further comprising:

displaying a duration icon indicating a duration of the shopping event; and

determining the discount based on the duration indicated by the duration icon.

20. The method of claim 11, further comprising:

displaying a discount icon;

responsive to a user selecting the discount icon, displaying a visual indication of the discount being variably determined; and

displaying the determined discount.

21. A computer program product for a dynamic variable discount system, the computer program product comprising:

a computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising computer readable program code configured to;

access and analyze data corresponding to a website shopping event of a consumer; and

responsive to receiving a discount request by the consumer, dynamically selecting one from a plurality of different discount rates available to be applied to at least one item selected by the consumer during the shopping event.

22. The computer program product of claim 21, wherein the computer readable program code is configured to select the discount rate based on a rate of sales for the item.

23. The computer program product of claim 21, wherein the computer readable program code is configured to select the discount rate based on inventory data corresponding to the item, the inventory data indicating a quantity of the item residing in inventory available for sale.