Dynamic Bidding for Order Fulfillment in Virtual Environments
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Solution Overview
Problem
In virtual reality (VR) shopping environments, simultaneous shopping by consumers from various locations can lead to complications and prevent order fulfillment due to issues like inventory availability, logistical costs, and operational limitations of item providers.
Innovation Solution
A system that utilizes artificial intelligence (AI), virtual reality (VR), and Internet of Things (IoT) devices to identify challenges in order fulfillment and initiate dynamic bidding sessions with service providers to ensure timely and cost-effective delivery of items to consumers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If the item provider uses their own inventory and logistics to fulfill orders, then they maintain control over quality and service, but they cannot serve customers in locations where they have no operational presence or sufficient inventory
Solution Approach 1:
The patent introduces third-party service providers as intermediaries between the item provider and customers in remote locations. These intermediaries handle logistics and delivery operations locally, enabling the item provider to expand delivery coverage without directly establishing operational presence in every location. The bidding session mechanism coordinates these intermediaries dynamically based on real-time conditions.
2Reliability
If the item provider establishes operational presence in multiple locations to serve local customers, then they can fulfill orders directly, but the operational costs and complexity increase significantly
Solution Approach 1:
The patent implements a dynamic bidding session system that adapts the service provider selection based on real-time conditions such as inventory availability, logistical costs, and delivery requirements. Instead of a fixed operational structure, the system dynamically determines which service providers to engage for each order, optimizing reliability while avoiding the complexity of permanent multi-location operations.
3Adaptability or versatility
If the system selects service providers based on fixed criteria, then the selection process is simple and fast, but it cannot adapt to real-time changes in inventory, costs, or delivery conditions
Solution Approach 1:
The patent conducts bidding sessions in advance of actual order fulfillment, pre-evaluating and selecting service providers based on current conditions. This preliminary action allows the system to adapt to real-time changes in inventory, costs, and delivery requirements while maintaining efficient order processing speed during actual fulfillment, as the selection work is already completed.
4Ease of operation
If the item provider offers free or low-cost delivery to compete, then they attract more customers, but the logistical costs may exceed acceptable thresholds
Solution Approach 1:
The patent dynamically adjusts delivery pricing parameters based on real-time bidding results from service providers. By changing the cost parameter according to actual logistical conditions, the system can offer competitive pricing when costs are low while maintaining profitability when costs are high, thus balancing customer accessibility with cost efficiency.
Data Source
AI summary
According to a present invention embodiment, a system for processing an order in a computerized environment identifies an item selected by a user in the computerized environment. The system determines that a provider of the item is unable to provide the item to a delivery location based on one or more conditions. A bidding session is conducted for a plurality of service providers to select one or more service providers with services enabling the item to be provided to the delivery location. A transaction for the item is performed to deliver the item to the delivery location via the provider of the item and the one or more service providers. Embodiments of the present invention further include a method and computer program product for processing an order in a computerized environment in substantially the same manner described above.