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:
Aug. 09, 2011
Filed:
Jul. 28, 2004
Automated system for generating proposed markdown strategy and tracking results of proposed markdown
Thomas Veit, Kirchheimbolanden, DE;
Ines Wannemacher, Saarbrucken, DE;
Susanne Ziehl, Blieskastel, DE;
Thomas Roth, Norderstedt, DE;
Ruediger Zuerl, Eschelbronn, DE;
Thomas Veit, Kirchheimbolanden, DE;
Ines Wannemacher, Saarbrucken, DE;
Susanne Ziehl, Blieskastel, DE;
Thomas Roth, Norderstedt, DE;
Ruediger Zuerl, Eschelbronn, DE;
SAP Aktiengeselleschaft, , DE;
Abstract
The present invention discloses a method, program product and system for controlling pricing of a product or service using a markdown profile. The method includes: selecting a markdown profile to be used for the product or service, selecting a retail price for the product or service, acquiring updated sales data regarding the product or service, determining a markdown to be applied to the price from the markdown profile using updated sales data, and reconciling a markdown budget with the determined markdown to be applied to said price to determine whether the markdown will be applied. The method can further include the step of adjusting a retail price of the product or service by the markdown.