Patent Number: 7,711,658

Title: Method and apparatus for dynamically managing vending machine inventory prices

Abstract: The present invention is a method and apparatus for automatically managing a price of a product in a vending machine. The method and apparatus is disclosed for implementing dynamic price adjustments at various times including after stocking, after a sale of a product and at periodic intervals. The method generally includes the steps of updating inventory data, including a quantity of a product, accessing price management data associated with the product, and determining the price of the product. According to the method and apparatus of the present invention, the determined price of the product is based on the price management data and the inventory data. The determined price is then stored in a memory of the apparatus and displayed for customers. The apparatus may be a vending machine, a processing module within the vending machine, or an external module remotely transmitting the dynamically adjusted price to a vending machine.

Inventors: Tedesco; Daniel E. (Monroe, CT), Jorasch; James A. (Stamford, CT), Lech; Robert R. (Norwalk, CT)

Assignee: Walker Digital, LLC

International Classification: G06F 17/00 (20060101)

Expiration Date: 5/04/12018