Patent ID: 8341011

Claim:
A method for reporting one or more results that occur based on a price change, the method comprising: receiving, by one or more processors, price planning input from at least one of an automated pricing engine and a manual pricing engine, the price planning input including a first product price change based on at least a first markdown profile and a second markdown profile; applying, by the one or more processors, a conflicts check procedure to the first product price change to determine inconsistent data; logging, by the one or more processors, the inconsistent data; correcting, by the one or more processors, the inconsistent data; selecting, by the one or more processors, the first markdown profile for a product group, the product group comprising a first product, the first markdown profile configured to compare a first targeted sales amount during at least a first time period to a first markdown amount for the at least first time period; assigning, by the one or more processors, the first markdown profile to the first product; assigning, by the one or more processors, a second markdown profile to the first product, the second markdown profile configured to compare a second targeted sales amount during at least a second time period to a second markdown amount for the at least second time period; selecting, by the one or more processors, a first retail price for the first product; acquiring, by the one or more processors, first updated sales data for the first product; monitoring, by the one or more processors, a first product inventory level; generating, by the one or more processors, a first product price planning document, the first product price planning document comprising the first product price change for a limited quantity of the first product, a price activation inventory level, and a status assigned to the first product price planning document being indicative of price change activation status, the first product price planning document being configured to be released based on the status of the first product price planning document, and when the first product inventory level equals the price activation inventory level; upon determination that the status of the first product price planning document indicates that price changes reflected in the first product price planning document are ready for activation, releasing, by the one or more processors, the first product price planning document; adjusting, by the one or more processors, the first retail price for the limited quantity of the first product based on the first product price planning document; generating, by the one or more processors, at least one result that will occur based on adjusting the at least one of the first retail price by the markdown and adjusting the first retail price for the limited quantity of the first product based on the first product price planning document; reporting, by the one or more processors, the at least one result; and storing first retail price adjustment data.