Jason Gerard Corbo

US Patent:

20120143653, Jun 7, 2012

Filed:

Jun 6, 2011

Appl. No.:

13/153963

Inventors:

Jason Corbo - Avon Lake OH, US
Matt Baker - North Olmsted OH, US
Kyle Roggenburk - Cleveland OH, US

International Classification:

G06Q 10/04

US Classification:

705 731

Abstract:

An improved forecasting and modeling tool for planning and estimating sales of consumer products, including social expression products in a retail operation. The tool enables retailers to create a plan based on information shared between the retailer and vendor of social expression products. The methodology employed begins with actual sales totals for the prior term and the plan goal for the current term and provides financial calculations based on a variety of factors to determine the sales bridge needed to meet the current term goal. Information relating to actual sales, significant events, door activity, current forecast, trending data, and vendor initiatives are input into the application and are used in financial calculations to determine a current term sales plan.