Patent IN-2015CH02353-A (IN)
Inventor: SUNDARESAN CHANDRASEKARAN
IPC: G06Q30/00
Filed: 2015-05-08
Abstract: E-cbmmerce method for an Intelligent, real time, location based, automated, instantaneous fluid pricing management system comprising steps of uploading product catalogue details in data base Module and Rules Engine Module/Means, setting a base price for product by Admin Console Module/Means, configuring a nudge range provision to Bargain Engine Module/Means to issue nudge to customers while quoting a price range, finally reporting for seller to track orders; storing data entered in earlier step by Admin Console Module/Means in Database Module, sharing said data entered with Rules Engine Module/Means and with Analytics Engine Module/Means; processing instantaneously customer's wish by Fluid Pricing Module/Means issuing a nudge or recommendation to customer based on predetermined parameters simultaneously keeping track of customer's membership, reward and system currency information; enabling customer engagement with this system through visual means by User Interface Module/Means through said Fluid Pricing Module/Means incorporating in a mobile, or web, or tablet, or any such widget applications; keeping track of every wish submitted by a •■. customer and influencing in decision making process by Fluid Pricing Module/Means along with Reputation Score Engine Module/Means; analyzing data stored in said Database Module by Analytics Engine Module/Means and simultaneously reporting activity generated in Fluid Pricing Module/Means by Reporting Engine Module/Means for displaying Key Performance Indicators and generating rich reports in predetermined format within Admin Console Module/Means. Bid and Bargain Engine Module/Means does instantaneous processing of customer's wish and issues nudge when price quoted by customer is lower than set price or within nudge range; Recommendation Engine Module/Means does instantaneous recommending for products based oh customer's submitted price or price range and other predetermined parameters; Membership and Rewards Module/Means does storing and managing customers' membership and rewards or incentives, details in a transaction; System Currency Module/Means does storing, managing system currency details for plurality of customers; A system comprises Admin Console Module/ Means uploading product catalogue details to Database Module and Rules Engine Module/Means; Database Module to store seller input details and display results of transaction; Rules Engine Module/Means influence decision making of bidding process based on predetermined parameters; Fluid Pricing Module/Means comprises Bid and Bargain Engine Module/Means presenting visual cue having bargain acceptance meter comparing against base price of product, Recommendation Engine Module/Means, Membership and Rewards Module/Means, System Currency Module/Means; Bid List Module/Means processes customer's wish, issuing nudge or recommendation to customer based on predetermined parameters keeping track of customer's membership, reward and system currency information; User Interface Module/Means incorporates mobile, web, tablet, widget applications enabling customer engagement with system through visual means; Reputation Score Engine Module/Means keeps track of every wish submitted by customer influencing decision making by Fluid Pricing Module/Means; Analytics Engine Module/Means analyzes data stored and activity generated; Reporting Engine Module/Means displays Key Performance. Indicators and generates rich reports in predetermined format. Fig. 2