Patent Issued for Methods And Systems For Inventory Yield Management (USPTO 10,853,899)

2020 DEC 11 (NewsRx) -- By a News Reporter-Staff News Editor at Information Technology Business Daily -- From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors Brandenburg, Chet I. (Pismo Beach, CA); Weddle, Amaya Becvar (San Luis Obispo, CA); Whitehead, Matthew A. (Los Osos, CA), filed on August 1, 2019, was published online on December 14, 2020.

The patent’s assignee for patent number 10,853,899 is Mindbody Inc. (San Luis Obispo, California, United States).

News editors obtained the following quote from the background information supplied by the inventors: “Employers sometimes provide their employees with rewards or bonuses as part of a comprehensive benefits package and to encourage desirable behavior. Part of a benefits package can include medical benefits, for example membership with a medical insurance provider and support in paying premiums. Employee medical costs can have a significant effect on corporate finances. Tracking employee attendance wellness classes and ensuring the credibility and reliability of data is important for incentive schemes and the equitable and efficient operation of a wellness program. Class inventory yield management can be important for all participants in the wellness area, both in terms of using technology to drive down costs and improve efficiency and engagement. Across a vast population of potential participants, significant technological problems can arise.”

As a supplement to the background information on this patent, NewsRx correspondents also obtained the inventors’ summary information for this patent: “In some embodiments, an interactive user interface for an inventory yield management system having access to an inventory database and a class database may include at least one processor to implement a single interactive user interface, a first user interface element configured to present a first user interface view to receive a selection of data stored in the inventory database, a second user interface element configured to present a second user interface view to receive a selection of data for creating a configurable class pass for one or more classes stored in the class database, and/or a channel indicator for associating a configured class pass with a channel of classes.

“In some embodiments, the single interactive user interface may further include a third user interface element configured to present a third user interface view to receive a class space designation.

“In some embodiments, the single interactive user interface may further include a fourth user interface element configured to present a fourth user interface view to receive a class discount designation.

“In some embodiments, the single interactive user interface may further include a fifth user interface element configured to present a fifth user interface view to receive a class time selection.

“In some embodiments, the at least one processor is further to calculate a projected yield of the one or more classes associated with the configured class pass.”

The claims supplied by the inventors are:

“What is claimed is:

“1. An inventory yield management system comprising: at least one processor of a machine; and a memory storing instructions that, when executed by the at least one processor, cause the machine to perform operations comprising, at least: generating an interactive user interface, wherein the interactive user interface includes: a first user interface element configured to present a first user interface view to receive a selection of data stored in an inventory database; a second user interface element configured to present a second user interface view to receive a selection of data for creating a configurable class pass for one or more classes stored in a class database; and a class channel indicator; causing a display of the interactive user interface in a display device of a client device; generating a configured class pass based on the received selection of data for creating the configurable class pass; associating the configured class pass with the one or more classes stored in the class database, and generating, for display in the interactive user interface, recommendations for managing inventory yield, the recommendations based on one or more optimization factors selected from a group of optimization factors comprising: a class start time, a class type, an availability channel, a group pass, an incentive, a discount, an instructor availability, a class participation level, and a class space; identifying a projected yield of the one or more classes associated with the configured class pass, wherein the projected yield includes an optimized profit for the one or more classes stored in the class database; and causing a display of the projected yield of the one or more classes associated with the configured class pass in the interactive user interface of the client device.

“2. The inventory yield management system of claim 1, wherein the interactive user interface further comprises a third user interface element configured to present a third user interface view to receive a class space designation.

“3. The inventory yield management system of claim 1, wherein the interactive user interface further comprises a fourth user interface element configured to present a fourth user interface view to receive a class discount designation.

“4. The inventory yield management system of claim 1, wherein the interactive user interface further comprises a fifth user interface element configured to present a fifth user interface view to receive a class time selection.

“5. The inventory yield management system of claim 1, wherein the projected yield relates to class attendance.

“6. A computer-implemented method comprising: generating an interactive user interface, wherein the interactive user interface includes: a first user interface element configured to present a first user interface view to receive a selection of data stored in an inventory database; a second user interface element configured to present a second user interface view to receive a selection of data for creating a configurable class pass for one or more classes stored in a class database; and a class channel indicator; causing a display of the interactive user interface in a display device of a client device; generating a configured class pass based on the received selection of data for creating the configurable class pass; associating the configured class pass with a channel of the one or more classes stored in the class database, and generating, for display in the interactive user interface, recommendations for managing inventory yield, the recommendations based on one or more optimization factors selected from the group of optimization factors comprising: a class start time, a class type, an availability channel, a group pass, an incentive, a discount, an instructor availability, a class participation level, and a class space; identifying a projected yield of the one or more classes associated with the configured class pass, wherein the projected yield includes an optimized profit for the one or more classes stored in the class database; and causing a display of the projected yield of the one or more classes associated with the configured pass in the interactive user interface of the client device.

“7. The method of claim 6, further comprising including in the interactive user interface a third user interface element configured to present a third user interface view to receive a class space designation.

“8. The method of claim 6, further comprising including in the interactive user interface a fourth user interface element configured to present a fourth user interface view to receive a class discount designation.

“9. The method of claim 6, further comprising including in the interactive user interface a fifth user interface element configured to present a fifth user interface view to receive a class time selection.

“10. The method of claim 6, wherein the projected yield relates to class attendance.

“11. A non-transitory computer-readable storage medium including instructions that when executed by a computer, cause the computer to perform operations comprising, at least: generating an interactive user interface, wherein the interactive user interface includes: a first user interface element configured to present a first user interface view to receive a selection of data stored in an inventory database; a second user interface element configured to present a second user interface view to receive a selection of data for creating a configurable class pass for one or more classes stored in a class database; and a class channel indicator; causing a display of the interactive user interface in a display device of a client device; generating a configured class pass based on the received selection of data for creating the configurable class pass; associating the configured class pass with a channel of the one or more classes stored in the class database, and generating, for display in the interactive user interface, recommendations for managing inventory yield, the recommendations based on one or more optimization factors selected from a group of optimization factors comprising: a class start time, a class type, an availability channel, a group pass, an incentive, a discount, an instructor availability, a class participation level, and a class space; identifying a projected yield of the one or more classes associated with the configured class pass, wherein the projected yield includes at an optimized profit for the one or more classes stored in the class database; and causing a display of the projected yield of the one or more classes associated with the configured class pass in the interactive user interface of the client device.

“12. The non-transitory computer-readable storage medium of claim 11, wherein the operations further comprise including in the interactive user interface a third user interface element configured to present a third user interface view to receive a class space designation.

“13. The non-transitory computer-readable storage medium of claim 11, wherein the operations further comprise including in the interactive user interface a fourth user interface element configured to present a fourth user interface view to receive a class discount designation.

“14. The non-transitory computer-readable storage medium of claim 11, wherein the operations further comprise including in the interactive user interface a fifth user interface element configured to present a fifth user interface view to receive a class time selection.

“15. The non-transitory computer-readable storage medium of claim 11, wherein the projected yield relates to class attendance.”

For additional information on this patent, see: Brandenburg, Chet I.; Weddle, Amaya Becvar; Whitehead, Matthew A. Methods And Systems For Inventory Yield Management. U.S. Patent Number 10,853,899, filed August 1, 2019, and published online on December 14, 2020. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10,853,899.PN.&OS=PN/10,853,899RS=PN/10,853,899

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