Systems and methods for monitoring featured product inventory

1. A method of monitoring featured product displays at retail sales facilities, the method comprising:

providing an inventory management database configured to store electronic information associated with products located at the retail sales facilities and electronic information associated with worker tasks performed by workers at the retail sales facilities in association with the products;

providing visible and scannable identifying indicia on at least one product, the identifying indicia provided on the at least one product including an encoded identifier that, when scanned, indicates that the at least one product is a featured product to be set on the featured product display at a retail sales facility and is associated with at least one different featured product to be set on the featured product display together with the at least one product, the identifying indicia having the encoded identifier provided on the at least one product including at least one of barcode data, image recognition data, and radio frequency identification (RFID) data;

scanning, via an electronic hand-held device, the at least one product including the identifying indicia having the encoded identifier provided on the at least one product at the retail sales facility to acquire the encoded identifier of the at least one product;

decoding, via the electronic hand-held device, the acquired encoded identifier of the scanned identifying indicia provided on the scanned at least one product;

determining, by the electronic hand-held device and based on the decoding of the encoded identifier provided on the scanned at least one product, that the encoded identifier present on the scanned at least one product indicates that the scanned at least one product is designated as a featured product to be set on the featured product display at the retail sales facility and is associated with the at least one different featured product to be set on the featured product display together with the at least one product;

designating, via sending a signal from the electronic hand-held device to the inventory management database, the at least one product scanned via the electronic hand-held device as a product for a featured product display at the retail sales facility;

receiving, at the electronic inventory management device and from the electronic hand-held device, electronic data indicating that the at least one product has been received at the retail sales facility, the electronic data indicating at least one of:

a time stamp indicating a time when the at least one product was scanned by the electronic hand-held device;

that the at least one product received at the retail sales facility has been placed into a stockroom bin at the retail sales facility; and

that the at least one product received at the retail sales facility has been picked from the stock room bin at the retail sales facility;

obtaining, from the inventory management database and via an electronic inventory management device, electronic database data associated with the at least one product scanned by the electronic hand-held device;

analyzing the electronic database data obtained from the inventory management database via the electronic inventory management device to determine a time interval from a time the at least one product was scanned via the electronic hand-held device at the retail sales facility to the time for generating in the inventory management database other electronic database data indicating that the at least one product scanned via the electronic hand-held device has been set on the featured product display at the retail sales facility;

setting, via the electronic inventory management device and based on the analyzing step, a predetermined time interval from the time the at least one product was scanned via the electronic hand-held device at the retail sales facility to the time for generating in the inventory management database other electronic database data indicating that the at least one product scanned via the electronic hand-held device has been set on the featured product display at the retail sales facility; and

generating, using the electronic inventory management device and after an expiration of the predetermined time interval, other electronic database data in the inventory management database indicating that the at least one product received at the retail sales facility has been set on the featured product display at the retail sales facility;

wherein the generating step further comprising generating other electronic database data in the inventory management database indicating that the at least one product has been set on the featured product display at the retail sales facility in response to the electronic inventory management device not receiving from the electronic hand-held device, during the predetermined time interval, other electronic database data indicating that the at least one product received at the retail sales facility has been placed into the stock room bin at the retail sales facility.

2. The method of claim 1 , wherein the electronic inventory management device is at a location remote to the retail sales location and is configured to receive, from the electronic hand-held device, other electronic database data indicating that the at least one product received at the retail sales facility has been designated via the electronic hand-held device for the featured product display.

3. A system for monitoring featured product displays at retail sales facilities, the system comprising:

an inventory management database configured to store electronic information associated with products located at the retail sales facilities and electronic information associated with worker tasks performed by workers at the retail sales facilities in associated with the products;

at least one product including visible and scannable identifying indicia present thereon, the identifying indicia present on the at least one product including an encoded identifier that, when scanned, indicates that the at least one product is a featured product to be set on the featured product display at a retail sales facility and is associated with at least one different featured product to be set on the featured product display together with the at least one product, the identifying indicia having the encoded identifier present on the at least one product including at least one of barcode data, image recognition data, and radio frequency identification (RFID) data;

an electronic hand-held device configured to:

scan the at least one product including the identifying indicia having the encoded identifier present on the at least one scanned product at the retail sales facility to acquire the encoded identifier of the scanned at least one product;

decode the acquired encoded identifier of the scanned identifying indicia provided on the scanned at least one product;

determine, based on decoding of the encoded identifier provided on the scanned at least one product, that the encoded identifier present on the scanned at least one product indicates that the scanned at least one product is featured product designated to be set on the featured product display at the retail sales facility and is associated with the at least one different featured product to be set on the featured product display together with the at least one product; and

send to the inventory management database a signal that designates the scanned at least one product as a product for a featured product display at the retail sales facility;

an electronic inventory management device including a processor-based control unit, the control unit configured to:

receive electronic data from the electronic hand-held device indicating that the at least one product has been received at the retail s ales facility, the electronic data indicating one of:

a time stamp indicating a time when the at least one product was scanned by the electronic hand-held device;

that the at least one product received at the retail sales facility has been placed into a stock room bin at the retail sales facility; and

that the at least one product received at the retail sales facility has been picked from the stock room bin at the retail sales facility;

obtain, from the inventory management database, electronic database data associated with the at least one product scanned by the electronic hand-held device;

analyze the electronic database data obtained from the inventory management database to determine a time interval from a time the at least one product was scanned via the electronic hand-held device at the retail sales facility to a time for generating in the inventory management database other electronic database data indicating that the at least one product scanned via the electronic hand-held device has been set on the featured product display at the retail sales facility;

set, based on analysis of the electronic database data obtained from the inventory management database, a predetermined time interval from the time of receipt of the at least one product at the retail sales facility to the time for generating in the inventory management database other electronic database data indicating that the at least one product scanned via the electronic hand-held device has been set on the featured product display at the retail sales facility;

generate, after an expiration of the pre-determined time interval, other electronic database data in the inventory management database indicating that the at least one product received at the retail sales facility has been set on the featured product display at the retail sales facility; and

generate in the inventory management database other electronic database data indicating that the at least one product has been set on the featured product display at the retail sales facility in response to the electronic management device not receiving from the electronic hand-held device, during the predetermined time interval, other electronic database data indicating that the at least one product received at the retail sales facility has been placed into the stock room bin at the retail sales facility.

4. The system of claim 3 , wherein the control unit is further configured to generate other electronic database data in the inventory management database indicating that the at least one product has been set on the featured product display at the retail sales facility in response to the electronic inventory management device receiving from the electronic hand-held device, during the predetermined time interval, other electronic database data indicating that the at least one product received at the retail sales facility has been picked from the stock room bin at the retail sales facility.

5. The system of claim 3 , wherein the control unit is further configured to generate an electronic non-compliance alert in response to receiving from the electronic hand-held device, during the predetermined time interval, other electronic database data indicating that the at least one product received at the retail sales facility for the featured product display has been placed into a stock room bin at the retail sales facility.

6. The system of claim 5 , wherein the control unit is further configured to transmit, in response to the generation of the electronic non-compliance alert, an electronic notification of non-compliance to the electronic hand-held device at the retail sales facility.

7. The system of claim 3 , wherein the electronic inventory management device is at a location remote to the retail sales location and is configured to receive, from the electronic hand-held device, other electronic database data indicating that the at least one product received at the retail sales facility has been designated via the electronic hand-held device for the featured product display.