System and method for providing relative price point incentives based upon prior customer purchase behavior
View Patent ↗The invention provides a system, computer program, and method for generating price point based incentives comprising: determining a category specific price point ( 620 ) associated with a dominant competitive brand and a client brand; generating an incentive ( 630 ) for said client brand based upon said price point and an anticipated price differential ( 640 ).
1. A computer system for generating price point based incentive offers comprising: a computer system including computer memory, a digital processing unit, and an input/output device; and POS terminals of at least one retail store; wherein said computer system is configured so that said digital processor stores in a database in said computer memory transaction data for transactions recorded by said POS terminals of said at least one retail store; wherein said computer system is configured so that said digital processor stores in said database an association of a dominant competitive brand with a specified product or service category and a client brand with said specified product or service category; wherein said computer system is configured so that said digital processor determines from said transaction data a price differential between price of an item of said dominant competitive brand and price of an item of said client brand; wherein said computer system is configured so that said digital processor determines from at least said price differential, a category specific price point for said client brand; wherein said computer system is configured so that said digital processor determines from at least said category specific price point for said client brand, using said digital processor, an incentive value for an incentive offer for purchase of an item of said client brand; wherein said computer system is configured so that said digital processor determines from transactions in said transaction data associated with a CID of a customer, using said digital processor, a CID switcher determination indicating whether data associated with said CID meets a category switcher criteria; only if said CID switcher determination indicates transactions in said transaction data associated with said CID meet said category switcher criteria, using said digital processor, storing in said database said incentive offer in association with said CID; and a transmitter for transmitting from said computer system said incentive offer in association with said CID to an address associated with at least one of said CID and said at least one retail store, means for filtering to avoid associating said determines whether each CID for each product or service category meets category switcher criteria for that category.