PRODUCT VALUATION SYSTEM AND METHOD

摘要

The invention may generally related to systems and methods for valuing used electronic, computing, and/or telecommunications equipment. Some embodiments may enable valuation to approach an efficient market value based on historical sales data and forward projection methods, and/or may also provide improved calculation efficiency.

主权项

1. A product valuation method comprising the steps of:
providing a database of historical sales including a predetermined set of fields for containing data characterizing historical sales, the set of fields comprising buyer identity, quantity bought, sale price, historical sale date, model number, Common Language Equipment Identification (CLEI) code, SKU number, revision number, firmware version, service hours, and scrap sale; reading inventory item data fields into memory comprising one or more of a model number, Common Language Equipment Identification (CLEI) code, or a SKU number, and one or more of a revision number, firmware version, or service hours; selecting one or more inventory table data fields corresponding to an inventory item to be valued and determinative of a monetary value of the inventory item; equating the selected one or more inventory table data fields to a matrix variable; and querying the database of historical sales against the matrix variable and reading historical sales data into memory corresponding to the matrix variable; applying a predetermined set of valuation methods to the historical sales data corresponding to the matrix variable; and recording the valuation results in a lookup table in association with the corresponding matrix variable.