The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 26, 2023
Filed:
Jun. 02, 2021
Tata Consultancy Services Limited, Mumbai, IN;
Jeisobers Thirunavukkarasu, Chennai, IN;
Shilpa Yadukumar Rao, Chennai, IN;
TATA CONSULTANCY SERVICES LIMITED, Mumbai, IN;
Abstract
Most current systems decompose sales volume of a product into base volume and additional volumes associated to each sales driver. Here base volume refers to sales quantity that is derived from non-promoted sales period. It leads base volume of a product with partial price effect. In addition, base volume includes volume contributed by store location, space allocated to product category and assortment etc. In the present disclosure a system and method for sales decomposition is described by computing reference base volume and sales contribution by each sales driver. Here reference base volume is the volume derived by excluding the effect of sales drivers namely, retailer price, competitor price, demographics, weather conditions, space occupied by the category to which the product belongs, number of available substitute products in assortment. Retail strategies are recommended in real time based on sales contribution of the sales driver for the product.