Patent attributes
Systems and methods for an intelligent inventory system are disclosed. The systems and methods described herein may receive data from a point-of-sale (POS) device of a merchant indicating an item to add to an inventory catalog of the merchant. A rate may be determined that is associated with how many times the item may be returned or exchanged with a similarly-situated merchant. Additionally, or alternatively, the rate may comprise a fluctuation in price for the item and/or an amount of times the item may be re-stocked and/or re-ordered by the similarly-situated merchant. If the determined rate exceeds a threshold rate, a suggestion may be sent to the POS device of the merchant. The suggestion may comprise a suggested second item rather than the item requested, a suggested price to charge for the item suggested, and/or a suggested quantity to order of the item requested.
