A portion of the disclosure of this patent document contains material that is subject to copyright protection. The copyright owner has no objection to the facsimile reproduction by anyone of the patent document or the patent disclosure, as it appears in the Patent and Trademark Office patent files or records, but otherwise reserves all copyright rights whatsoever. The following notice applies to the software and data as described below and in the drawings that form a part of this document: Copyright eBay, Inc. 2013, All Rights Reserved.
The present application relates generally to data processing systems and, in one specific example, to techniques for competitive pricing analysis and inventory management.
Conventional retailer websites allow shoppers to browse through a wide variety of products available for sale online. Each retailer website typically hosts multiple product listing webpages that offer various products for sale. Moreover, each retailer website generally maintains its own inventory of products.
Some embodiments are illustrated by way of example and not limitation in the figures of the accompanying drawings in which:
Example methods and systems for competitive pricing analysis and inventory management are described. In the following description, for purposes of explanation, numerous specific details are set forth in order to provide a thorough understanding of example embodiments. It will be evident, however, to one skilled in the art that the present invention may be practiced without these specific details.
An Application Program Interface (API) server 114 and a web server 116 are coupled to, and provide programmatic and web interfaces respectively to, one or more application servers 118. The application servers 118 host one or more applications 120. The application servers 118 are, in turn, shown to be coupled to one or more databases servers 124 that facilitate access to one or more databases 126. According to various exemplary embodiments, the applications 120 may be implemented on or executed by one or more of the modules of the competitive pricing system 200 illustrated in
Further, while the system 100 shown in
The web client 106 accesses the various applications 120 via the web interface supported by the web server 116. Similarly, the programmatic client 108 accesses the various services and functions provided by the applications 120 via the programmatic interface provided by the API server 114.
According to various exemplary embodiments, a competitive pricing system is configured to crawl competitor websites for comparative pricing information at various time intervals. For example, the competitive pricing system may be associated with a first marketplace or retailer website (e.g., eBay, Amazon, etc.), and may access an inventory of products available for sale on the first retailer website. The competitive pricing system may then crawl other retailer websites (e.g., competitor retailer websites) to detect and monitor competitor prices for those products that are available for sale on the first retailer website. As described throughout, the retailer website to which the competitive pricing system 200 is associated with may be referred to herein as a “first” or “home” retailer website, whereas a distinct competitor retailer website being crawled by the competitive pricing system 200 may be referred to herein as a “second” or “competitor” retailer website, in the interests of clarity.
According to various exemplary embodiments, the competitive pricing system is configured to determine if a price for an item on a home retailer website (e.g., eBay.com) represents a “deal”, based on information crawled from competitor websites. More specifically, a product offered for sale on the home retailer website is classified as a “deal” when the competitive pricing system 200 determines that the price is competitive and has a strong likelihood of attracting a sale, in comparison to competitor prices for the equivalent product. For example, if the home retailer website price for a given product is lower than a competitor price for the same product, then the home retailer website price for the given product may be considered a “deal”. In some embodiments, shipping costs, taxes, and other ancillary costs may also be taken into account in the price comparison process.
According to various exemplary embodiments, the competitive pricing system may crawl for competitor prices at various time intervals. For example, the competitive pricing system may crawl for competitor prices for a plurality of products at the same regular time interval (e.g., once a day). In other embodiments, the competitive pricing system may crawl for competitor prices at variable/adjustable time intervals, based on different products in the inventory of the home retailer website. For example, for high demand products on the home retailer website (e.g., the top X % selling products on eBay), prices may be monitored at competitor sites and marked in semi-real time (e.g., every few hours, since many competitors change prices for popular items multiple times a day). The frequency of price monitoring/collection can be adjusted (e.g., for less popular products, the competitor price can be crawled once every few days). As described in more detail below, the competitive pricing system 200 may display a user interface allowing a user of the competitive pricing system 200 to specify competitor websites to be crawled, the periodic time intervals for crawling such competitor websites, and definition information for defining the characteristics of a “deal”.
In operation 302 in
In operation 303 in
In operation 304 in
As described above, the competitive pricing system 200 may display a user interface allowing a user to specify competitor websites to be crawled, the periodic time intervals for crawling such competitor websites, and definition information for defining the characteristics of a “deal”. For example,
According to various exemplary embodiments, after the competitive pricing system determines that the home retailer website price for a given product item is a “deal”, the competitive pricing system is configured to promote this deal various ways. For example, the competitive pricing system may expose advertisements to potential buyers indicating the home retailer website price for the product, the competitor's price for the product, the difference between the home retailer website price and the competitor's price, and so on. For example,
In some embodiments, the determination module 204 is configured to adjust the price for a first product available for sale on the home retailer website, based on the current price of the equivalent product on the competitor retailer website. For example, if the determination module 204 determines that the price of the first product is actually higher than the price of the equivalent product on the competitor retailer website (such that the price of the first product does not currently represent a deal), then the determination module 204 may automatically reduce the price of the first product on the home retailer website to a predetermined amount or percentage (e.g., 5%) below the competitor price. In some embodiments, the determination module 204 may display a user interface (not shown) that enables a user of the competitive pricing system 200 to specify the aforementioned predetermined amount or percentage and to provide user authorization to make automatic price adjustments. In some embodiments, the determination module 204 may transmit a message to a seller associated with first product, notifying them of the crawled competitor price and requesting permission to reduce the price of the first product as described above.
According to various exemplary embodiments, the competitive pricing system may provide advice to setters as to competitive prices for products. For example, if a competitors current price for a product item is $X, the competitive pricing system may suggest that the seller offers the product item for a price slightly lower than $X. For example,
In some embodiments, the competitive pricing system may include a “faircasting” feature for determining trending items at competitor retailer websites based on various demand signals crawled from competitors. For example, the competitive pricing system may crawl competitor websites to determine product items that are listed on a competitor's bestseller list, “hot items” list, trending now list, etc. As another example, the competitive pricing system may crawl competitor retailer websites to detect and identify product items that are listed as “Out Of Stock” on a competitor retailer website. Based on this information, the competitive pricing system may infer that this product item is currently trending as a popular item on the competitor retailer website. Accordingly, the competitive pricing system may infer that these product items are currently trending as popular items generally, and such products can then be promoted accordingly on the home retailer website (e.g., in search results), consistent with various embodiments above.
Turning now to
According to various exemplary embodiments, the managed inventory repository system is configured to perform data mining operations to identify deals or specials offered for inventory items on a home marketplace or retailer website (e.g., eBay.com). In some embodiments, a “special” can be defined in a variety of ways to suit different business units, campaigns, metrics, etc. Examples of a “special” includes lowest price, limited edition, trusted seller tagged an item as special, 20% lower than identified competitor, special configuration from the manufacturer, etc. The managed inventory repository system may access special deal definition information describing various definitions of various types of specials, consistent with various embodiments described above. Such definition information may be stored in a data repository or Web server accessible by the managed inventory repository system via a network (e.g., the Internet).
In some embodiments, the managed inventory repository system may perform real-time data comparison against competitor prices on competitor websites to confirm that there really is a “special” deal for the given item. For example, if the competitor's price for the item is higher or significantly higher than a home retailer website's (e.g., eBay's) price for the item, then the managed inventory repository system may confirm that the home retailer website's price for the item is indeed a “special”. On the other hand, if the competitor's price for the item is lower or significantly lower than the home retailer website's price for the item, then the managed inventory repository system may confirm that the home retailer website's price for the item is not a “special”.
According to various exemplary embodiments, the managed inventory repository system may store information regarding all special items identified by the system within a managed inventory data repository. The data repository may contain different parameters defining how each of the identified inventory items is “special”, such as by business unit (deals from the manufacturer), comparative pricing (e.g., 20% lower than Amazon), or seller tagged “special” (e.g., trusted seller metrics). In some embodiments, the managed inventory repository system may display a user interface allowing a user to specify different parameters defining how an item may be considered “special”, and the managed inventory repository system may display matches or hits of all the items in the inventory that may be considered “special” under the specified parameters. For example, the user interface displayed by the managed inventory repository system may allow a user to specify “show me all products that a manufacturer defines as a special”, or “show me all products that are priced 20% lower than Amazon”, or “show me all products that a seller tagged as “special”, and so on. Accordingly, marketing teams, search teams, or other business units interested in a campaign can pose queries to the repository requesting the “specials” that match the particular parameters associated with the campaign. In some embodiments, once a special deal is accessed, the special deal may be promoted to potential buyers, as described in various embodiments throughout.
In some embodiments, the proposed managed inventory repository system may provide improvements over conventional data mining techniques for discovering deals, which typically involves manually searching an inventory for terms like “limited edition”, or manually searching an inventory for the lowest price (which is a traditional way to identify “specials” matching a campaign).
In some embodiments, the managed inventory repository system may be configured to store and/or access different definitions of what constitutes a “special”. In some embodiments, the managed inventory repository system may allow inventory items to be compared against each other to determine whether one item really is a “special” relative to other inventory items. In some embodiments, the managed inventory repository system may allow comparisons against items outside the inventory e.g., against competitors) to be performed, to determine whether one item really is a “special” relative to competitor items. Accordingly, the resulting repository comprises an accurate, complete, and query-friendly identification of all “special” items within the inventory at a given point in time.
According to various exemplary embodiments, the managed inventory repository system described above may be implemented together or in conjunction with the competitive pricing system described above. The competitive pricing system and/or the managed inventory repository system may be implemented the client device, a server, a mobile device, or any other device described in conjunction
Turning now to
According to various exemplary embodiments, the definition module 1102 of the managed inventory repository system 1100 is configured to receive a user specification of a definition of a special deal. The identification module 1104 of the managed inventory repository system 1100 is then configured to identify the item listings in the product inventory of a home retailer website (e.g., eBay.com) that correspond to special deals. For example, the identification module 1104 may identify item listings on the home retailer website that satisfy the definition of a special deal that was received by the definition module 1102. Moreover, the identification module 1104 may be configured to display, via a user interface, the special deals that were identified.
For example,
Accordingly, based on the definition information entered into the user interface 1200, the identification module 1104 will mark all products in product category 1 and product category 2 that are cheaper than the equivalent products for sale on the competitor website as a special deal. For example,
In some embodiments, in addition to identifying items as “specials” based on insights into competitive pricing benchmarks (e.g., based on various crawling techniques described above), special items may also be identified by comparing the price of a given item with various marketplace benchmarks/metrics associated with the home retailer website (e.g. eBay) itself, such as the historical median sold price for the given item on the home retailer website in the last 90 days. Such special items may be tagged as a “special” or “marketplace deal” in a repository associated with the management inventory repository system, and may be promoted to potential buyers, consistent with various embodiments throughout. For example, after identifying such special items, the managed inventory repository system may run promotions or display special treatments for these items to users on site. For instance, when a visitor to the home retailer website views an item listing page for a particular item, the management inventory repository system may determine that the item is a special (e.g., if it has been previously marked as such in the inventory associated with the managed inventory repository system), and the system may adjust a displayed item listing webpage accordingly. For example,
Certain embodiments are described herein as including logic or a number of components, modules, or mechanisms. Modules may constitute either software modules (e.g., code embodied (1) on a non-transitory machine-readable medium or (2) in a transmission signal) or hardware-implemented modules. A hardware-implemented module is a tangible unit capable of performing certain operations and may be configured or arranged in a certain manner. In example embodiments, one or more computer systems (e.g., a standalone, client or server computer system) or one or more processors may be configured by software (e.g., an application or application portion) as a hardware-implemented module that operates to perform certain operations as described herein.
In various embodiments, a hardware-implemented module may be implemented mechanically or electronically. For example, a hardware-implemented module may comprise dedicated circuitry or logic that is permanently configured (e.g., as a special-purpose processor, such as a field programmable gate array (FPGA) or an application-specific integrated circuit (ASIC)) to perform certain operations. A hardware-implemented module may also comprise programmable logic or circuitry (e.g., as encompassed within a general-purpose processor or other programmable processor) that is temporarily configured by software to perform certain operations. It will be appreciated that the decision to implement a hardware-implemented module mechanically, in dedicated and permanently configured circuitry, or in temporarily configured circuitry (e.g., configured software) may be driven by cost and time considerations.
Accordingly, the term “hardware-implemented module” should be understood to encompass a tangible entity, be that an entity that is physically constructed, permanently configured (e.g., hardwired) or temporarily or transitorily configured (e.g., programmed) to operate in a certain manner and/or to perform certain operations described herein. Considering embodiments in which hardware-implemented modules are temporarily configured (e.g., programmed), each of the hardware-implemented modules need not be configured or instantiated at any one instance in time. For example, where the hardware-implemented modules comprise a general-purpose processor configured using software, the general-purpose processor may be configured as respective different hardware-implemented modules at different times. Software may accordingly configure a processor, for example, to constitute a particular hardware-implemented module at one instance of time and to constitute a different hardware-implemented module at a different instance of time.
Hardware-implemented modules can provide information to, and receive information from, other hardware-implemented modules. Accordingly, the described hardware-implemented modules may be regarded as being communicatively coupled. Where multiple of such hardware-implemented modules exist contemporaneously, communications may be achieved through signal transmission (e.g., over appropriate circuits and buses) that connect the hardware-implemented modules. In embodiments in which multiple hardware-implemented modules are configured or instantiated at different times, communications between such hardware-implemented modules may be achieved, for example, through the storage and retrieval of information in memory structures to which the multiple hardware-implemented modules have access. For example, one hardware-implemented module may perform an operation, and store the output of that operation in a memory device to which it is communicatively coupled. A further hardware-implemented module may then, at a later time, access the memory device to retrieve and process the stored output. Hardware-implemented modules may also initiate communications with input or output devices, and can operate on a resource (e.g., a collection of information).
The various operations of example methods described herein may be performed, at least partially, by one or more processors that are temporarily configured (e.g., by software) or permanently configured to perform the relevant operations. Whether temporarily or permanently configured, such processors may constitute processor-implemented modules that operate to perform one or more operations or functions. The modules referred to herein may, in some example embodiments, comprise processor-implemented modules.
Similarly, the methods described herein may be at least partially processor-implemented. For example, at least some of the operations of a method may be performed by one or processors or processor-implemented modules. The performance of certain of the operations may be distributed among the one or more processors, not only residing within a single machine, but deployed across a number of machines. In some example embodiments, the processor or processors may be located in a single location (e.g., within a home environment, an office environment or as a server farm), while in other embodiments the processors may be distributed across a number of locations.
The one or more processors may also operate to support performance of the relevant operations in a “cloud computing” environment or as a “software as a service” (SaaS). For example, at least some of the operations may be performed by a group of computers (as examples of machines including processors), these operations being accessible via a network (e.g., the Internet) and via one or more appropriate interfaces (e.g., Application Program Interfaces (APIs).)
Example embodiments may be implemented in digital electronic circuitry, or in computer hardware, firmware, software, or in combinations of them. Example embodiments may be implemented using a computer program product, e.g., a computer program tangibly embodied in an information carrier, e.g., in a machine-readable medium for execution by, or to control the operation of, data processing apparatus, e.g., a programmable processor, a computer, or multiple computers.
A computer program can be written in any form of programming language, including compiled or interpreted languages, and it can be deployed in any form, including as a stand-alone program or as a module, subroutine, or other unit suitable for use in a computing environment. A computer program can be deployed to be executed on one computer or on multiple computers at one site or distributed across multiple sites and interconnected by a communication network.
In example embodiments, operations may be performed by one or more programmable processors executing a computer program to perform functions by operating on input data and generating output. Method operations can also be performed by, and apparatus of example embodiments may be implemented as, special purpose logic circuitry, e.g., a field programmable gate array (FPGA) or an application-specific integrated circuit (ASIC).
The computing system can include clients and servers. A client and server are generally remote from each other and typically interact through a communication network. The relationship of client and server arises by virtue of computer programs running on the respective computers and having a client-server relationship to each other. In embodiments deploying a programmable computing system, it will be appreciated that that both hardware and software architectures require consideration. Specifically, it will be appreciated that the choice of whether to implement certain functionality in permanently configured hardware (e.g., an ASIC), in temporarily configured hardware (e.g., a combination of software and a programmable processor), or a combination of permanently and temporarily configured hardware may be a design choice. Below are set out hardware (e.g., machine) and software architectures that may be deployed, in various example embodiments.
The example computer system 1700 includes a processor 1702 (e.g., a central processing unit (CPU), a graphics processing unit (GPU) or both), a main memory 1704 and a static memory 1706, which communicate with each other via a bus 1708. The computer system 1700 may further include a video display unit 1710 (e.g., a liquid crystal display (LCD) or a cathode ray tube (CRT)). The computer system 1700 also includes an alphanumeric input device 1712 (e.g., a keyboard or a touch-sensitive display screen), a user interface (Ulf) navigation device 1714 (e.g., a mouse), a disk drive unit 1716, a signal generation device 1718 (e.g., a speaker) and a network interface device 1720.
The disk drive unit 1716 includes a machine-readable medium 1722 on which is stored one or more sets of instructions and data structures (e.g., software) 1724 embodying or utilized by any one or more of the methodologies or functions described herein. The instructions 1724 may also reside, completely or at least partially, within the main memory 1704 and/or within the processor 1702 during execution thereof by the computer system 1700, the main memory 1704 and the processor 1702 also constituting machine-readable media.
While the machine-readable medium 1722 is shown in an example embodiment to be a single medium, the term “machine-readable medium” may include a single medium or multiple media (e.g., a centralized or distributed database, and/or associated caches and servers) that store the one or more instructions or data structures. The term “machine-readable medium” shall also be taken to include any tangible medium that is capable of storing, encoding or carrying instructions for execution by the machine and that cause the machine to perform any one or more of the methodologies of the present invention, or that is capable of storing, encoding or carrying data structures utilized by or associated with such instructions. The term “machine-readable medium” shall accordingly be taken to include, but not be limited to, solid-state memories, and optical and magnetic media. Specific examples of machine-readable media include non-volatile memory, including by way of example semiconductor memory devices, e.g., Erasable Programmable Read-Only Memory (EPROM), Electrically Erasable Programmable Read-Only Memory (EEPROM), and flash memory devices; magnetic disks such as internal hard disks and removable disks; magneto-optical disks; and CD-ROM and DVD-ROM disks.
The instructions 1724 may further be transmitted or received over a communications network 1726 using a transmission medium. The instructions 1724 may be transmitted using the network interface device 1720 and any one of a number of well-known transfer protocols (e.g., HTTP). Examples of communication networks include a local area network (“LAN”), a wide area network (“WAN”), the Internet, mobile telephone networks, Plain Old Telephone (POTS) networks, and wireless data networks (e.g., LTE, and WiMAX networks). The term “transmission medium” shall be taken to include any intangible medium that is capable of storing, encoding or carrying instructions for execution by the machine, and includes digital or analog communications signals or other intangible media to facilitate communication of such software.
Although an embodiment has been described with reference to specific example embodiments, it will be evident that various modifications and changes may be made to these embodiments without departing from the broader spirit and scope of the invention. Accordingly, the specification and drawings are to be regarded in an illustrative rather than a restrictive sense. The accompanying drawings that form a part hereof, show by way of illustration, and not of limitation, specific embodiments in which the subject matter may be practiced. The embodiments illustrated are described in sufficient detail to enable those skilled in the art to practice the teachings disclosed herein. Other embodiments may be utilized and derived therefrom, such that structural and logical substitutions and changes may be made without departing from the scope of this disclosure. This Detailed Description, therefore, is not to be taken in a limiting sense, and the scope of various embodiments is defined only by the appended claims, along with the full range of equivalents to which such claims are entitled.
Such embodiments of the inventive subject matter may be referred to herein, individually and/or collectively, by the term “invention” merely for convenience and without intending to voluntarily limit the scope of this application to any single invention or inventive concept if more than one is in fact disclosed. Thus, although specific embodiments have been illustrated and described herein, it should be appreciated that any arrangement calculated to achieve the same purpose may be substituted for the specific embodiments shown. This disclosure is intended to cover any and all adaptations or variations of various embodiments. Combinations of the above embodiments, and other embodiments not specifically described herein, will be apparent to those of skill in the art upon reviewing the above description.
This application claims the benefit of priority to U.S. Provisional Patent Application Ser. No. 61/829,939, filed on May 31, 2013, which is incorporated by reference herein in its entirety.
Number | Date | Country | |
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61829939 | May 2013 | US |