Invention Grant
- Patent Title: Method and system to reduce food waste and optimize markdowns and control prices in retail
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Application No.: US17103776Application Date: 2020-11-24
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Publication No.: US11341520B2Publication Date: 2022-05-24
- Inventor: Oded Omer , Ben Biron , Yossi Regev
- Applicant: WasteLess LTD
- Applicant Address: IL Kfar Saba
- Assignee: WasteLess LTD
- Current Assignee: WasteLess LTD
- Current Assignee Address: IL Kfar Saba
- Agency: Gearhart Law LLC
- Agent David Postolski, Esq.
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q10/08 ; G06Q20/20 ; G06K7/14 ; G06K7/10 ; G06K19/06 ; G06K19/07 ; G06F16/955 ; G06N20/00 ; G06Q10/04

Abstract:
Systems for determining a price of goods, reducing food waste, optimizing markdowns for the goods, and controlling prices of the goods in a retail setting are described. A scanner scans a readable identification tag affixed to a good during a time period. A pricing engine of at least one server queries, dynamically and in real-time, a database to identify, from the readable identification tag, the good and the information associated with the good. The pricing engine then applies algorithms to the identified good to calculate a price of the good and modify the calculated price of the good during the time period to optimize a target function. The optimization of the target function depends on price-calculation factors associated with a shelf-state of the good and associated with a future stock of the good. At least one calculated price based on the expiration date of the good is displayed.
Public/Granted literature
- US20210081980A1 METHOD AND SYSTEM TO REDUCE FOOD WASTE AND OPTIMIZE MARKDOWNS AND CONTROL PRICES IN RETAIL Public/Granted day:2021-03-18
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