DESC:FIELD OF THE INVENTION:
This invention relates to the field of computational systems.

Specifically, this invention relates to a dynamically varying price configurator.

BACKGROUND OF THE INVENTION:
In cross-border trades and businesses, there is a demand side and a supply side. For an international supplier, it is important that they be aware of demand side requirements such as demand side costs, demand site custom duty, demand side margins, demand side logistics cost, demand side options of promotions and discounts, and the like in order to be able to provide competitive pricing at the final node of a transaction / business / trade.

Since, there are a plurality of such variables, there is a requirement for a unified mechanism which allows for seamlessly varying those variables in order to be able to have an effect output at the end without losing out on any of the variables.

Thus, effectively, as an ouput, there is a need that product packages be crossborder shipment ready by printing out labels for the package with MRP, at the demand-side, considering all the afore-mentioned variables, as soon as the order is placed on the supply-side. Doing this allows both demand-side users and supply-side users to be more dynamic and more responsive to market needs and eliminates unnecessary losses due to fluctuations in variables and / or due to lack of transparency of those variables.

There is a need for a system and method which is leveraged by overseas suppliers to make their product packages crossborder shipment ready by printing out labels for their products with appropriate pricing, for the recipient demand-side country, as soon as an order is placed on the demand side of an international border.

OBJECTS OF THE INVENTION:
An object of the invention is to make products shipment ready in a cross-border transaction.

Another object of the invention is to make products compliance-ready in a cross-border transaction.

Yet another object of the invention is to provide a seamless channel for products, in a cross-border transaction, which channel relates to making the product compliant in terms of pricing, labels on packaging, and the like parameters.

SUMMARY OF THE INVENTION:
According to this invention, there is provided a dynamically varying price configurator comprising:
- a supplier side entry module, through a first node, configured to allow a supplier-side user to enter:
o a first numeric data relating to base price / cost price, for a product, and
o a second numeric data, in terms of percentage, for the product, relating to tolerance for the first numeric data;
- a freight side entry module, through a second node, configured to allow a freight-side user to enter:
o a third numeric data relating to freight price, for the product, and
o a fourth numeric data, in terms of percentage, for the product, relating to tolerance for the third numeric data;
- a currency module, through a third node, configured to allow a user to enter:
o a fifth numeric data relating to fluctuations in price, international payment charges;
o a sixth numeric data, in terms of percentage, for the product, relating to tolerance for the fifth numeric data;
- a customs side entry module, through a fourth node, configured to allow a customs-side user to enter:
o a seventh numeric data relating to customs price, for the product.
- a demand side entry module, through a fifth node, configured to allow a demand-side user to enter:
o a eighth numeric data relating to mark-up price / profit, for the product, and
o a ninth numeric data, in terms of percentage, for the product, relating to tolerance for the eighth numeric data;
- a distributor side entry module, through a sixth node, configured to allow a distributor-side user to enter:
o a tenth numeric data relating to distributor credit and LMD, for the product, and
o a eleventh numeric data, in terms of percentage, for the product, relating to tolerance for the tenth numeric data;
- a retailer side entry module, through a seventh node, configured to allow a retailer-side user to enter:
o a twelfth numeric data relating to end-retailer margin / profit, for the product, and
o a thirteenth numeric data, in terms of percentage, for the product, relating to tolerance for the twelfth numeric data;
- a price template configured with at least six portions;
o a first portion,
o a second portion,
o a third portion,
o a fourth portion,
o a fifth portion,
o a sixth portion, and
o a seventh portion;
? each of said portions being empty numeric fields required to be filled using data from corresponding modules.

In at least an embodiment, said first portion, of said price template, is filled with a signal from a node corresponding with the supplier side entry module.

In at least an embodiment, said second portion, of said price template, is filled with a signal from a node corresponding with the freight side entry module.

In at least an embodiment, said third portion, of said price template, is filled with a signal from a node corresponding with the currency module.

In at least an embodiment, said fourth portion, of said price template, is filled with a signal from a node corresponding with the customs side entry module.

In at least an embodiment, said fifth portion, of said price template, is filled with a signal from a node corresponding with the demand side entry module.

In at least an embodiment, said sixth portion, of said price template, is filled with a signal from a node corresponding with the distributor side entry module.

In at least an embodiment, said seventh portion, of said price template, is filled with a signal from a node corresponding with a retailer side entry module.

BRIEF DESCRIPTION OF THE ACCOMPANYING DRAWINGS:
The invention will now be described in relation to the accompanying drawings, in which:

FIGURE 1 illustrates a schematic of the system of this invention; and
FIGURE 2 illustrates this price template.

DETAILED DESCRIPTION OF THE ACCOMPANYING DRAWINGS:
According to this invention, there is provided a dynamically varying price configurator.

FIGURE 1 illustrates a schematic of the system of this invention.

In at least an embodiment, the system comprises a supplier side entry module (100), through a first node, configured to allow a supplier-side user to enter at least a first numeric data (10) relating to base price / cost price, for a product (10), and a second numeric data (10a), in terms of percentage, for the product, relating to tolerance for the first numeric data. A user of this system and method is configured with access rights to alter the tolerance values.

In at least an embodiment, the system comprises a freight side entry module (200), through a second node, configured to allow a freight-side user to enter at least a third numeric data (20) relating to freight price, for the product, and a fourth numeric data (20a), in terms of percentage, for the product, relating to tolerance for the third numeric data. A user of this system and method is configured with access rights to alter the tolerance values. Typically, the freight side entry module accounts for the following aspects:
i. First mile (package pick up from supplier warehouse)
ii. Middle mile (long haul, i.e. cross international borders)
iii. Last mile (deliver package to retailer/customer doorstep

In at least an embodiment, the system comprises a currency module (300), through a third node, configured to allow a user to enter at least a fifth numeric data (30) relating to fluctuations in price, international payment charges, and the like, for the product, and a sixth numeric data (30a), in terms of percentage, for the product, relating to tolerance for the fifth numeric data.

In at least an embodiment, the system comprises a customs side entry module (400), through a fourth node, configured to allow a customs-side user to enter at least a seventh numeric data (40) relating to customs price, for the product.

In at least an embodiment, the system comprises a demand side entry module (500), through a fifth node, configured to allow a demand-side user to enter at least a eighth numeric data (50) relating to mark-up price / profit, for the product, and a ninth numeric data (50a), in terms of percentage, for the product, relating to tolerance for the eighth numeric data (50). A user of this system and method is configured with access rights to alter the tolerance values.

In at least an embodiment, the system comprises a distributor side entry module (600), through a sixth node, configured to allow a distributor-side user to enter at least a tenth numeric data (60) relating to distributor credit and LMD, for the product, and a eleventh numeric data (60a), in terms of percentage, for the product, relating to tolerance for the tenth numeric data (60). A user of this system and method is configured with access rights to alter the tolerance values.

In at least an embodiment, the system comprises a retailer side entry module (700), through a seventh node, configured to allow a retailer-side user to enter at least a twelfth numeric data (70) relating to end-retailer margin / profit, for the product, and an thirteenth numeric data (70a), in terms of percentage, for the product, relating to tolerance for the twelfth numeric data (70). Typically, the retailer side entry module (700) comprises promotions, discounts, etc. A user of this system and method is configured with access rights to alter the tolerance values.

In at least an embodiment, a price template (1000) is configured with at least six portions; a first portion (10), a second portion (20), a third portion (30), a fourth portion (40), a fifth portion (50), a sixth portion (60), and a seventh portion (70); all of which are empty numeric fields required to be filled using the system and method of this invention. Typically, the first portion is filled with a signal from a node corresponding with the supplier side entry module (100), the second portion is filled with a signal from a node corresponding with the freight side entry module (200), the third portion is filled with a signal from a node corresponding with the currency module (300), the fourth portion is filled with a signal from a node corresponding with the customs side entry module (400), the fifth portion is filled with a signal from a node corresponding with the demand side entry module (500), the sixth portion is filled with a signal from a node corresponding with the distributor side entry module (600), the seventh portion is filled with a signal from a node corresponding with a retailer side entry module (700). A user of this system and method is configured with access rights to alter the tolerance values.

FIGURE 2 illustrates this price template (2000).

The TECHNICAL ADVANCEMENT of this invention lies in providing an automated, dynamic, system and method makes product packages crossborder shipment ready by printing out labels for their products with appropriate pricing, for the recipient demand-side country, as soon as an order is placed on the demand side of an international border. This system and method also makes product packages compliance-ready for a cross-border transaction.

It is to be appreciated that combinations of the different implementation environments are contemplated as being within the scope of embodiments of the invention. One of ordinary skill in the art will realize alternative implementations given the illustrative teachings provided herein.

The terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting of the invention. As used herein, the singular forms "a," "an" and "the" are intended to include the plural forms as well, unless the context clearly indicates otherwise. Additionally, the terms "comprises" and/or "comprising," as used herein, specify the presence of stated values, features, steps, operations, modules, elements, and/or components, but do not preclude the presence or addition of another value, feature, step, operation, module, element, component, and/or group thereof.

It will be understood that, although the terms first, second, etc. may be used herein to describe various elements, these elements should not be limited to any order by these terms. These terms are used only to distinguish one element from another; where there are “second” or higher ordinals, there merely must be that many number of elements, without necessarily any difference or other relationship. For example, a first element could be termed a second element, and, similarly, a second element could be termed a first element, without departing from the scope of example embodiments or methods. As used herein, the term “and/or” includes all combinations of one or more of the associated listed items. The use of “etc.” is defined as “et cetera” and indicates the inclusion of all other elements belonging to the same group of the preceding items, in any “and/or” combinations.

The data, in each of the components of the system and method may be ‘encrypted’ and suitably ‘decrypted’ when required.

The systems described herein can be made accessible through a portal or an interface which is a part of, or may be connected to, an internal network or an external network, such as the Internet or any similar portal. The portals or interfaces are accessed by one or more of users through an electronic device, whereby the user may send and receive data to the portal or interface which gets stored in at least one memory device or at least one data storage device or at least one server, and utilises at least one processing unit. The portal or interface in combination with one or more of memory device, data storage device, processing unit and serves, form an embedded computing setup, and may be used by, or used in, one or more of a non-transitory, computer readable medium. In at least one embodiment, the embedded computing setup and optionally one or more of a non- transitory, computer readable medium, in relation with, and in combination with the said portal or interface forms one of the systems of the invention. Typical examples of a portal or interface may be selected from but is not limited to a website, an executable software program or a software application.

The systems and methods may simultaneously involve more than one user or more than one data storage device or more than one host server or any combination thereof.

A user may provide user input through any suitable input device or input mechanism such as but not limited to a keyboard, a mouse, a joystick, a touchpad, a virtual keyboard, a virtual data entry user interface, a virtual dial pad, a software or a program, a scanner, a remote device, a microphone, a webcam, a camera, a fingerprint scanner, a cave, pointing stick

The systems and methods can be practiced using any electronic device which may be connected to one or more of other electronic device with wires or wirelessly which may use technologies such as but not limited to, Bluetooth, WiFi, Wimax. This will also extend to use of the aforesaid technologies to provide an authentication key or access key or electronic device based unique key or any combination thereof.

In at least one embodiment, one or more user can be blocked or denied access to one or more of the aspects of the invention.

Encryption can be accomplished using any encryption technology, such as the process of converting digital information into a new form using a key or a code or a program, wherein the new form is unintelligible or indecipherable to a user or a thief or a hacker or a spammer. The term ‘encryption’ includes encoding, compressing, or any other translating of the digital content. The encryption of the digital media content can be performed in accordance with any technology including utilizing an encryption algorithm. The encryption algorithm utilized is not hardware dependent and may change depending on the digital content. For example, a different algorithm may be utilized for different websites or programs. The term ‘encryption’ further includes one or more aspects of authentication, entitlement, data integrity, access control, confidentiality, segmentation, information control, and combinations thereof.

The described embodiments may be implemented as a system, method, apparatus or article of manufacture using standard programming and/or engineering techniques related to software, firmware, hardware, or any combination thereof. The described operations may be implemented as code maintained in a “non- transitory, computer readable medium”, where a processor may read and execute the code from the non-transitory, computer readable medium. A non-transitory, computer readable medium may comprise media such as magnetic storage medium (e.g., hard disk drives, floppy disks, tape, etc.), optical storage (CD-ROMs, DVDs, optical disks, etc.), volatile and non-volatile memory devices (e.g., EEPROMs, ROMs, PROMs, RAMs, DRAMs, SRAMs, Flash Memory, firmware, programmable logic, etc.), etc. The code implementing the described operations may further be implemented in hardware logic (e.g., an integrated circuit chip, Programmable Gate Array (PGA), Application Specific Integrated Circuit (ASIC), etc.).

Aspects of the disclosed embodiments may include tangible computer readable media that store software instructions that, when executed by one or more processors, are configured for and capable of performing and executing one or more of the methods, operations, and the like consistent with the disclosed embodiments. Also, aspects of the disclosed embodiments may be performed by one or more processors that are configured as special-purpose processor(s) based on software instructions that are programmed with logic and instructions that perform, when executed, one or more operations consistent with the disclosed embodiments.

While this detailed description has disclosed certain specific embodiments for illustrative purposes, various modifications will be apparent to those skilled in the art which do not constitute departures from the spirit and scope of the invention as defined in the following claims, and it is to be distinctly understood that the foregoing descriptive matter is to be interpreted merely as illustrative of the invention and not as a limitation.

CLAIMS:

WE CLAIM,

1. A dynamically varying price configurator comprising:
- a supplier side entry module (100), through a first node, configured to allow a supplier-side user to enter:
o a first numeric data (10) relating to base price / cost price, for a product (10), and
o a second numeric data (10a), in terms of percentage, for the product, relating to tolerance for the first numeric data;
- a freight side entry module (200), through a second node, configured to allow a freight-side user to enter:
o a third numeric data (20) relating to freight price, for the product, and
o a fourth numeric data (20a), in terms of percentage, for the product, relating to tolerance for the third numeric data;
- a currency module (300), through a third node, configured to allow a user to enter:
o a fifth numeric data (30) relating to fluctuations in price, international payment charges;
o a sixth numeric data (30a), in terms of percentage, for the product, relating to tolerance for the fifth numeric data;
- a customs side entry module (400), through a fourth node, configured to allow a customs-side user to enter:
o a seventh numeric data (40) relating to customs price, for the product.
- a demand side entry module (500), through a fifth node, configured to allow a demand-side user to enter:
o an eighth numeric data (50) relating to mark-up price / profit, for the product, and
o a ninth numeric data (50a), in terms of percentage, for the product, relating to tolerance for the eighth numeric data (50);
- a distributor side entry module (600), through a sixth node, configured to allow a distributor-side user to enter:
o a tenth numeric data (60) relating to distributor credit and LMD, for the product, and
o a eleventh numeric data (60a), in terms of percentage, for the product, relating to tolerance for the tenth numeric data (60);
- a retailer side entry module (700), through a seventh node, configured to allow a retailer-side user to enter:
o a twelfth numeric data (70) relating to end-retailer margin / profit, for the product, and
o a thirteenth numeric data (70a), in terms of percentage, for the product, relating to tolerance for the twelfth numeric data (70);
- a price template (1000) configured with at least six portions;
o a first portion (10),
o a second portion (20),
o a third portion (30),
o a fourth portion (40),
o a fifth portion (50),
o a sixth portion (60), and
o a seventh portion (70);
? each of said portions being empty numeric fields required to be filled using data from corresponding modules.

2. The system as claimed in claim 1 wherein, said first portion, of said price template (1000), being filled with a signal from a node corresponding with the supplier side entry module (100).

3. The system as claimed in claim 1 wherein, said second portion, of said price template (1000), being filled with a signal from a node corresponding with the freight side entry module (200).

4. The system as claimed in claim 1 wherein, said third portion, of said price template (1000), being filled with a signal from a node corresponding with the currency module (300).

5. The system as claimed in claim 1 wherein, said fourth portion, of said price template (1000), being filled with a signal from a node corresponding with the customs side entry module (400).

6. The system as claimed in claim 1 wherein, said fifth portion, of said price template (1000), being filled with a signal from a node corresponding with the demand side entry module (500).

7. The system as claimed in claim 1 wherein, said sixth portion, of said price template (1000), being filled with a signal from a node corresponding with the distributor side entry module (600).

8. The system as claimed in claim 1 wherein, said seventh portion, of said price template (1000), being filled with a signal from a node corresponding with a retailer side entry module (700).

Dated this 08th day of June, 2022

CHIRAG TANNA
of INK IDÉE
APPLICANT’S PATENT AGENT
REGN. NO. IN/PA – 1785