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AssigneeWasteLess LTD
InventorsOded OMER, Yossi Regev
Estimating the term…
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.
A method of reducing food waste associated with a good that undergoes spoilage, the method comprising:
A system that comprises a server, a processor, and an executable program, the server, the processor, and the executable program being configured to store and output a price of a good, said good being subject to spoilage, the price of the good being determined by at least one price-calculation factor, the at least one price-calculation factor comprising an expiration date of the good, wherein the executable program outputs a first price of the good in a first time period based upon the at least one price-calculation factor, and wherein the executable program outputs a second price of the good during a second time period, the second period being closer to the expiration date of the good, and the second price being lower than the first price.
Dependencies are inferred from the claim text.