Patent ID: 8165910
Filing Date: 2012-04-24
Classification: G06Q

Abstract:
1. A method for use in a machine-readable medium for generating a price planning schedule, the machine-readable medium comprising program code stored therein executable by one or more processors, comprising: receiving by the one or more processors a price planning input from at least one of an automated pricing engine and a manual pricing engine; generating by the one or more processors a first price planning schedule based on the price planning input and a price planning budget associated with the price planning input; determining by the one or more processors whether the price planning budget is within a predetermined tolerance after adjusting the price planning budget based on the first price planning schedule; transmitting by the one or more processors the first price planning schedule to at least one cash register based on the price planning budget being within the predetermined tolerance; transmitting by the one or more processors updated sales data and updated inventory data from the at least one cash register to a price planning workbench; and wherein the price planning workbench is configured to modify a promotion by adding an article to the promotion and changing a sales price of the promotion, the price planning workbench further configured to modify the promotion by: deleting an existing promotion price of an involved article based on the updated inventory data without obtaining approval via an approval procedure, and reactivating the promotion price of the involved article including recreating the deleted promotion price based on the updated inventory data that reflects an increase in the inventory of the involved article; wherein the reactivating occurs without obtaining approval via the approval procedure and the reactivating being based on operational requirements; storing by the one or more processors at least one of the first price planning schedule, the price planning input, and the price planning budget; wherein the cash register is configured to automatically implement at least one price change based on the first price planning schedule; wherein the first price planning schedule is configured to include a first inventory data and a first timing data; wherein the cash register is configured to implement the at least one price change based on at least one of the first inventory data and the first timing data; and wherein the automated pricing engine includes a promotion management engine and at least one of a slower seller management engine and the manual pricing engine.