Patent ID: 7974851
Filing Date: 2011-07-05
Classification: G06Q,Y10S

Abstract:
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.