Patent ID: 7885855
Filing Date: 2011-02-08
Classification: G06Q,G07F

Abstract:
1. A method of reducing losses related to perishable goods comprising: determining a quantity of at risk perishables among said perishable goods, wherein the at risk perishables are grouped based on a use-by-date (UBD); calculating a financial impact of the at risk perishables using a processor executing instructions, wherein said financial impact considers a cost of the perishable goods less a percentage of a cost of disposing of the at risk perishables, said cost of disposing of the at risk perishables being either a cost to discard the at risk perishables or a cost to return the at risk perishables back to a supplier; storing said financial impact on a nontransitory computer readable media; dynamically pricing the at risk perishables based on the financial impact and the UBD; and updating a price display to indicate the pricing of the at risk perishables; wherein the dynamically pricing the at risk perishables comprises performing the following algorithm: where L