Commerce System and Method of Acquiring Product, Assortment, and Pricing Information to Control Consumer Purchasing
A commerce system has retailers offering products for sale. Product information associated with the products is collected by retrieving the product information from a website of the retailer through a consumer computer system and by confirming and updating the product information, including per unit pricing and price multiples, through electronic communication with the consumers while in a store of the retailer. The product information is stored in a database. A website is provided for consumers to create a shopping list with weighted preferences for product attributes. The shopping list is optimized based on the product information in the database and the weighted preferences for the product attributes. The optimized shopping list is made available to the consumer to assist with purchasing decisions. The purchasing decisions within the commerce system are controlled by enabling the consumers to select the products for purchase based on the optimized shopping list.
1 . A method of controlling a commerce system, comprising:
collecting product information;
storing the product information in a database;
providing a website for consumers to create a shopping list with weighted preferences for product attributes;
optimizing the shopping list based on the product information in the database and the weighted preferences for the product attributes;
providing the optimized shopping list to the consumer to assist with purchasing decisions;
controlling the purchasing decisions within the commerce system by enabling the consumers to select products for purchase based on the optimized shopping list; and
confirming and updating the product information through electronic communication with the consumer.
2 . The method of claim 1 , wherein confirming and updating the product information includes updating regular price, sale price, loyalty price, or promotional price for the product through electronic communication with the consumer.
3 . The method of claim 2 , further including updating regular price, sale price, loyalty price, or promotional price based on a price multiple.
4 . The method of claim 1 , wherein confirming and updating the product information includes recording an out-of-stock condition for the product through electronic communication with the consumer.
5 . The method of claim 1 , wherein collecting the product information includes retrieving the product information from a retailer website.
6 . The method of claim 1 , wherein collecting the product information includes receiving the product information from a retailer.
7 . A method of controlling a commerce system, comprising:
collecting product information;
storing the product information in a database;
generating a shopping list with weighted preferences for product attributes;
optimizing the shopping list based on the product information in the database and the weighted preferences for the product attributes;
utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select products for purchase based on the optimized shopping list; and
confirming and updating the product information through electronic communication with the consumer.
8 . The method of claim 7 , wherein confirming and updating the product information includes updating regular price, sale price, loyalty price, or promotional price for the product through electronic communication with the consumer.
9 . The method of claim 8 , further including updating regular price, sale price, loyalty price, or promotional price based on a price multiple.
10 . The method of claim 7 , wherein confirming and updating the product information includes recording an out-of-stock condition for the product through electronic communication with the consumer.
11 . The method of claim 7 , wherein collecting the product information includes retrieving the product information from a retailer website.
12 . The method of claim 7 , wherein collecting the product information includes receiving the product information from a retailer.
13 . The method of claim 7 , further including providing incentives or rewards to the consumers for confirming and updating the product information.
14 . A method of controlling a commerce system, comprising:
collecting product information from a retailer by retrieving the product information through an electronic communication medium of the retailer using a consumer electronic communication device; and
confirming and updating the product information through electronic communication with the consumer.
15 . The method of claim 14 , further including:
storing the product information in a database;
generating a shopping list with weighted preferences for product attributes;
optimizing the shopping list based on the product information in the database and the weighted preferences for the product attributes; and
utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select products for purchase based on the optimized shopping list.
16 . The method of claim 14 , wherein confirming and updating the product information includes updating regular price, sale price, loyalty price, or promotional price for the product through electronic communication with the consumer.
17 . The method of claim 16 , further including updating regular price, sale price, loyalty price, or promotional price based on a price multiple.
18 . The method of claim 14 , wherein confirming and updating the product information includes recording an out-of-stock condition for the product through electronic communication with the consumer.
19 . The method of claim 14 , wherein collecting the product information includes retrieving the product information from a retailer website.
20 . The method of claim 14 , wherein collecting the product information includes receiving the product information from the retailer.
21 . The method of claim 14 , further including receiving the product information from an electronic receipt.
22 . A method of controlling a commerce system, comprising:
generating a shopping list based on product information; and
confirming and updating the product information through electronic communication with the consumer.
23 . The method of claim 22 , further including:
storing the product information in a database;
generating the shopping list with weighted preferences for product attributes;
optimizing the shopping list based on the product information in the database and the weighted preferences for the product attributes; and
utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select products for purchase based on the optimized shopping list.
24 . The method of claim 22 , wherein confirming and updating the product information includes updating regular price, sale price, loyalty price, or promotional price for the product through electronic communication with the consumer.
25 . The method of claim 24 , further including updating regular price, sale price, loyalty price, or promotional price based on a price multiple.
26 . The method of claim 22 , wherein confirming and updating the product information includes recording an out-of-stock condition for the product through electronic communication with the consumer.
27 . The method of claim 22 , further including retrieving the product information from a retailer website.
28 . The method of claim 22 , further including receiving the product information from the retailer.
29 . The method of claim 22 , further including receiving the product information from an electronic receipt.
30 . A computer program product usable with a programmable computer processor having a computer readable program code embodied in a computer usable medium for controlling a commerce system, comprising:
collecting product information from a retailer by retrieving the product information through an electronic communication medium of the retailer using a consumer electronic communication device; and
confirming and updating the product information through electronic communication with the consumer.
31 . The computer program product of claim 30 , further including:
storing the product information in a database;
generating a shopping list with weighted preferences for product attributes;
optimizing the shopping list based on the product information in the database and the weighted preferences for the product attributes; and
utilizing the optimized shopping list to control purchasing decisions within the commerce system by enabling the consumers to select products for purchase based on the optimized shopping list.
32 . The computer program product of claim 30 , wherein confirming and updating the product information includes updating regular price, sale price, loyalty price, or promotional price for the product through electronic communication with the consumer.
33 . The computer program product of claim 32 , further including updating regular price, sale price, loyalty price, or promotional price based on a price multiple.
34 . The computer program product of claim 30 , wherein confirming and updating the product information includes recording an out-of-stock condition for the product through electronic communication with the consumer.