Systems and methods of managing price modeling data through closed-loop analytics
The present invention presents systems and methods for managing price modeling data through closed-loop analytics including a historical database populated with price modeling data; a rule based policy database populated with rules based on historical price modeling data; a transactional database for generating quotes conforming to rules from the rule based policy database; and a service database for transacting quotes generated by the transaction database and providing the transacted quotes to the historical database.
1 . A system for managing price modeling data through closed-loop analytics comprising:
a historical database populated with price modeling data;
a rule based policy database populated with rules based on historical price modeling data;
a transactional database for generating at least one quote conforming to at least one of the rules from the rule based policy database; and
a service database for transacting the at least one quote generated by the transaction database and providing the at least one quote to the historical database.
2 . A method for managing price modeling data through closed-loop analytics comprising:
populating a historical database with price modeling data;
populating a rule based policy database with rules based on historical price modeling data;
generating at least one transactional quote conforming to at least one of the rules from the rule based policy database; and
providing the at least one transactional quote to the historical database.
3 . A computer program product in a computer readable media for managing price modeling data through closed-loop analytics, the computer program product comprising:
a historical database populated with price modeling data;
a rule based policy database populated with rules based on historical price modeling data;
a transaction database for generating at least one quote conforming to at least one of the rules from the rule based policy database; and
a service database for transacting the at least one quote generated by the transaction database and providing the at least one quote to the historical database.
4 . The method of claim 2 wherein the historical database includes a sale transaction.
5 . The method of claim 2 wherein the historical database includes a price adjustment continuum.
6 . The method of claim 5 wherein the price adjustment continuum includes at least one of an industry adjustment, a sales discretion, a shipping charge, a shipping allowance, a late payment cost, an extended terms cost, a consignment cost, a return cost, a packaging cost, a base material cost, an additive cost, a processing cost, a variable cost, a shortfall cost and an overage cost.
7 . The method of claim 2 wherein the at least one transactional quote includes a rebate.
8 . The method of claim 7 wherein the rebate is for a sale in a given region.
9 . The method of claim 2 wherein the at least one transactional quote require at least one level of approval.
10 . The method of claim 2 further comprising generating a deal indicator.
11 . The method of claim 10 wherein the deal indicator corresponds to profitability.
12 . The method of claim 2 wherein the at least one transactional quote includes a deal suggestion based on at least one quote parameter.