Patent ID: 7885855

Claim:
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: L n =( H n /A n )×100 IF L n >=Z THEN M n >=( G−N/ 2) where L n is a percentage of quantity unlikely to be sold by the UBD, and n represents an n th group of the at risk perishables based on the UBD, A n is a quantity on hand grouped by n th UBD, N is a cost of disposing of the at risk perishables, Z is a threshold for the percentage of quantity unlikely to be sold by the UBD, G is a cost per perishable good, and M n is a minimum of an output price for the n th group of the at risk perishables based on the UBD.