Digital advertisement board in communication with point-of-sale terminals
View Patent ↗A price associated with a menu item is determined automatically based at least in part on revenue management information. A menu display is updated on an electronic display device such as a digital menu board to include the automatically-determined price.
1. A system comprising:
a data storage device;
a menu display; and
a processing mechanism coupled to said data storage device;
wherein the processing mechanism is operable to:
determine a reduction in price for an item from a first price to a second price, wherein said reduction in price is based at least in part on revenue management data stored in the data storage device;
automatically update a menu display of the item to show both the first price and the second price; and
update the menu display to provide an indication that the price of the item is temporarily reduced.
2. The system as recited in claim 1 , wherein the processing mechanism is further configured to update the menu display to provide an indication as to a duration of the temporarily reduced price.
3. The system as recited in claim 2 , wherein said duration is based on either a period of time or inventory level.
4. The system as recited in claim 2 , wherein subsequent to expiration of said duration, said price for said item is restored from said second price to said first price.
5. The system as recited in claim 4 , wherein subsequent to updating said menu display to indicate said price for said item is restored to said first price, a determined time lag is interposed prior to charging said restored first price for the item at a terminal.
6. The system as recited in claim 5 , wherein said determined time lag is based at least in part on a predetermined period of time.
7. The system as recited in claim 5 , wherein said determined time lag is based at least in part on a number of transactions being processed.
8. The system as recited in claim 5 , wherein said determined time lag is based at least in part on a number of waiting customers.
9. The system as recited in claim 1 , wherein said reduction in price is based at least in part on a time of day.