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1086results about How to "Decrease stock" patented technology

Retail system for selling products based on a flexible product description

A system is provided in which a sale price is determined based on a product description, and the sale price is transmitted to a customer. The customer is not guaranteed what specific product will be sold to the customer before an agreement to purchase a product for the sale price is received from the customer. After receiving the agreement, a retailer selects a product conforming to the product description, and identifies the product to the customer. The retailer is able to evaluate a customer's individual demand based on the received description and to determine a sale price accordingly, thereby reducing losses associated with conventional single-price systems. Although this may result in different sale prices for an identical product, the system is perceived as fair because a higher-paying customer likely agreed to a different product description than a lower-paying customer, and neither would have agreed to the other's product description and sale price. The system also allows a retailer to mask product discounts by selecting undesirable redemption conditions under which to sell the product, such as pickup at a faraway location, even if the product is available at a closer location. As a result, the customer believes that the discount is attributable to the undesirable redemption conditions, rather than to the product quality or to decreased demand. Accordingly, price and brand dilution are minimized.
Owner:GROUPON INC

Method and system for monitoring quality of food

Disclosed is a method of monitoring food quality including (a) receiving an environmental factor value sensed during transporting by a moving sensor tag attached to a container or palette on which a plurality of food is stacked, a time value sensing the environmental factor, and food information from a distribution company server; (b) receiving an environmental factor value sensed by a fixed sale sensor tag which matches the food information stored in the moving sensor tag, a time value sensing the environmental factor, and food information from the distribution company server; (c) measuring a current quality index for each individual quality analysis item and a total quality index based on the food information sensed by the moving sensor tag and the fixed sale sensor tag, the environmental factor values, and the time values sensing the environmental factors; (d) setting price of the food based on the measured quality index for each individual quality analysis item and total quality index; and (e) transmitting bar code information or electronic tag information (food information) corresponding to a plurality of food which matches inherent IDs of the fixed sale sensor tags, the quality index for each individual analysis item of the food, the total quality index, and the price of the food to the distribution company server.
Owner:KOREA FOOD RES INST
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