Retail marketing method
A method is devised whereby a retailer may upgrade his operation by providing his suppliers (the vendors) with labeling standards including RFID and RSS bar code, guidelines for formatting and including in those labels additional supply chain logistical information, additional information including the item number, lot and expiration dates, the time and place of manufacture, descriptions in greater depth then was hitherto possible about the goods themselves, and a method of capturing that information and feeding it into the retailer's information management systems through customized forms and middleware. The retailer uses the services of an information management corporation that sets up this program with the retailer's suppliers, thereby eliminating the associated costs of augmenting his own systems. The retailer, vendors and customers profit by that additional information through various means of feedback, and extracting that information in useful ways that provide for greater inventory control, consumer safety, more efficient movement of merchandize, information about product content to the consumer, security, supply chain logistics, compliance with government regulations for the sale of retail goods, the bio-terrorism act as well as other government regulations and systems of pricing, rebates, coupons and returns by the customers.
1 . A method of managing information between businesses and vendors, comprising:
a developer creating a system through which a business receives information associated with items provided to the business by a supply chain of at least one vendor, wherein the system comprises a specification and one or more subsystems, wherein the specification is defined by at least the business and the specification defines the type of information to be received through the system, and wherein each of the one or more vendor subsystems enables an operator of the respective vendor subsystem to provide information conforming to the specification to the business by storing the conforming information in information storage devices and associating the information storage devices with items that are provided to the business; and
the business facilitating installation of the system across the supply chain by requiring one or more of the at least one vendor to purchase one of the one or more vendor subsystems from the developer and operate the purchased vendor subsystem to provide information to the business as a condition to maintaining a business relationship with the business.
2 . The method of claim 1 , wherein the information storage devices comprise bar codes.
3 . The method of claim 2 , wherein the information storage devices comprise RSS bar codes.
4 . The method of claim 1 , wherein the information storage devices comprise RFID tags.
5 . The method of claim 1 , further comprising the developer paying a fee to the business for facilitating installation of the system across the supply chain.
6 . The method of claim 5 , wherein the fee is based on the purchases of the subsystems from the developer by the one or more of the at least one vendor.
7 . The method of claim 1 , wherein the system comprises a business subsystem that enables the business to obtain information from the information storage devices associated with the items the business receives from each of the vendors operating a vendor subsystem, and that enables the business to send data to one or more of the vendors operating a vendor subsystem, wherein the data relates to the items previously received by the business from the one or more of the vendors operating a vendor subsystem.
8 . A method of managing information associated with items between a business and one or more vendors, the method comprising:
accessing, at the business, data from data storage devices associated with items received by the business from the one or more vendors, wherein the data stored in the data storage devices was selected by the one or more vendors based on requests issued by the business;
the business sending at least a portion of the accessed data to the one or more vendors; and
determining, by the one or more vendors, sales related information associated with the items based on the sent portion of accessed data provided by the business to the one or more vendors.
9 . The method according to claim 8 , wherein accessing data associated with the items comprises reading a bar code label.
10 . The method according to claim 8 , wherein the bar code label comprises a Reduced Space Symbology (RSS) bar code.
11 . The method according to claim 8 , wherein the bar code label comprises two-dimensional symbology.
12 . The method according to claim 8 , wherein accessing data associated with the items comprises receiving the accessed data from a Radio Frequency Identifier (RFID) device.
13 . The method according to claim 8 , wherein data associated with the items comprises product information.
14 . The method according to claim 8 , wherein the sales related information associated with the items comprises reordering requirement information.
15 . The method according to claim 14 , wherein the reordering requirement information enable the one or more vendors to adjust production levels.