Patent ID: 8396814

Claim:
In a computerized integrated price management system, a flexible pricing method for providing pricing adjustments for at least one product in at least one deal in response to price variations in selected indexes, wherein the deals include initial pricing, said method comprising: selecting a threshold value; designating an index for the at least one product in said at least one deal, wherein: said index has a published index value based upon an index position; monitoring the index, by a computer, for changes in the published index value; retrieving, by the computer, all deals of the at least one deal which include the at least one product for which there has been a change in the published index value; comparing, by the computer, the changed published index value to the initial pricing, and if the difference between the changed published index value and the initial pricing is greater than the selected threshold value, then: computing, by the computer, a price for said at least one product in said at least one deal based on the changed published index value, wherein the computing the price includes weighting the index and setting an index offset; and re-pricing, by the computer, all deals using the computed price, wherein the re-pricing all deals includes re-pricing said at least one product: else, if the difference between the changed published index value and the initial pricing is equal to or less than the selected threshold value, then maintaining, by the computer, the initial pricing of the at least one deal.