INTELLIGENT PRICING
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United States of America Patent
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Issued Date -
Mar 31, 2016
app pub date -
Sep 30, 2014
filing date -
Sep 30, 2014
priority date (Note) -
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Abstract
A computer-implemented method schedules production in a business' production facilities by seeking market orders for products of the business on a timeline commensurate with a temporal availability of production capacity. The method involves recommending a selling price for a forecasted order for products of the business, checking whether the business has available production capacity to produce the products in time to fulfill the forecasted order, and determining the business' minimum selling price for the forecasted order. The method further includes checking whether a competitor has available manufacturing capacity to compete for the forecasted order based on competitor-specific information on available manufacturing capacity, cost and minimum profit margin requirement. The competitor-specific information is derived from market intelligence data. The method includes determining the recommended selling price for the forecasted order based on the business' and the competitor's minimum selling prices, and one or more quantifiable business objectives of the business.
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