INVENTORY PRICING BASED ON PRICE ELASTICITY DEMAND FROM MOVEMENT TRENDS

摘要

A method for selectively adjusting a price associated with an inventory stock keeping unit (SKU) is disclosed. Each of the inventory SKUs has associated therewith one or more sales transaction history records and an original price value. A numerical growth rate percentage and a growth trend corresponding to one of one or more classifications are derived for each retrieved inventory SKU. The classifications are based upon the sales transaction history records. Categorical price adjustment percentages for the one or more classifications of growth trends are received. An actual price adjustment percentage is assigned for predefined increments of the numerical growth rate percentages. A revised price value is generated for each of the inventory SKUs.