Patents Assigned to WasteLess LTD
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Publication number: 20240135400Abstract: Systems for determining a price of goods, reducing food waste, optimizing markdowns for the goods, controlling prices of the goods, and optimizing product mixes in a retail setting are described. A scanner scans a readable identification tag affixed to a good during a time period. A pricing engine and/or an assortment simulator 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 such as cost, brand information and other information. 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 and/or product mix configurations. 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.Type: ApplicationFiled: December 29, 2023Publication date: April 25, 2024Applicant: WasteLess LTD.Inventors: Oded OMER, Yossi Regev
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Publication number: 20230351425Abstract: 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.Type: ApplicationFiled: June 2, 2023Publication date: November 2, 2023Applicant: WasteLess LTDInventors: Oded OMER, Ben BIRON, Yossi REGEV
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Publication number: 20220237642Abstract: 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.Type: ApplicationFiled: April 18, 2022Publication date: July 28, 2022Applicant: WasteLess LTDInventors: Oded OMER, Ben BIRON, Yossi REGEV
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Patent number: 11341520Abstract: 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.Type: GrantFiled: November 24, 2020Date of Patent: May 24, 2022Assignee: WASTELESS LTDInventors: Oded Omer, Ben Biron, Yossi Regev
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Publication number: 20220129839Abstract: A system and method to attribute expiration dates and quantities of a product to an SKU code for pricing purposes. This method applies dynamic pricing to perishable food items. Using bulk tagging capabilities, the supermarket can attribute expiration dates to items without the pain of actually tagging the items with stickers.Type: ApplicationFiled: January 12, 2022Publication date: April 28, 2022Applicant: WASTELESS LTD.Inventor: Oded OMER
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Patent number: 11257133Abstract: A system and method to attribute expiration dates and quantities of a product to an SKU code for pricing purposes. This method applies dynamic pricing to perishable food items. Using bulk tagging capabilities, the supermarket can attribute expiration dates to items without the pain of actually tagging the items with stickers.Type: GrantFiled: November 5, 2018Date of Patent: February 22, 2022Assignee: Wasteless Ltd.Inventor: Oded Omer
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Patent number: 11182811Abstract: Methods, systems, and computing devices for determining a price of a good during a time period are described. The method includes scanning, via a scanner coupled to a computing device or a server, a readable identification tag affixed to the good and querying the computing device or the server to identify, from the readable identification tag, the good and information associated with the good. The information comprises one or more price-calculation factors assigned to the good. The method further includes applying an algorithm of a dynamic pricing engine to the identified good to: calculate a price of the good and modify the calculated price of the good to optimize a target function. The optimization depends on the one or more price-calculation factors. The method further includes transmitting the optimized price of the good to a display for display to a customer.Type: GrantFiled: March 31, 2020Date of Patent: November 23, 2021Assignee: WASTELESS LTDInventors: Oded Omer, Yossi Regev
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Publication number: 20210081980Abstract: 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.Type: ApplicationFiled: November 24, 2020Publication date: March 18, 2021Applicant: WasteLess LTDInventors: Oded OMER, Ben BIRON, Yossi REGEV
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Patent number: 10846721Abstract: Systems and methods are provided for determining a price of one or more goods. The method includes assigning a readable identification tag to a good, applying one or more price-calculation factors to the good, identifying the good associated with the identification tag, and calculating, using a processor, a price of the good according to the one or more price-calculation factors.Type: GrantFiled: August 15, 2017Date of Patent: November 24, 2020Assignee: WASTELESS LTDInventors: Oded Omer, Ben Biron, Yossi Regev
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Publication number: 20200242644Abstract: Methods, systems, and computing devices for determining a price of a good during a time period are described. The method includes scanning, via a scanner coupled to a computing device or a server, a readable identification tag affixed to the good and querying the computing device or the server to identify, from the readable identification tag, the good and information associated with the good. The information comprises one or more price-calculation factors assigned to the good. The method further includes applying an algorithm of a dynamic pricing engine to the identified good to: calculate a price of the good and modify the calculated price of the good to optimize a target function. The optimization depends on the one or more price-calculation factors. The method further includes transmitting the optimized price of the good to a display for display to a customer.Type: ApplicationFiled: March 31, 2020Publication date: July 30, 2020Applicant: WasteLess LTDInventors: Oded OMER, Yossi REGEV
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Patent number: 10262169Abstract: Systems and methods are provided for reading radio frequency identification (RFID) tags in a refrigeration unit and transmitting and analyzing RFID information is provided. The method includes scanning a refrigeration unit, using an RFID reader, for one or more products, each of the one or more products being tagged with an RFID tag, collecting, using the RFID reader, information from the RFID tag for each of the one or more products, transmitting the information to one or more remote servers, analyzing the information, using the one or more remote servers, and accessing the analyzed information using one or more remote electronic devices.Type: GrantFiled: December 11, 2017Date of Patent: April 16, 2019Assignee: Wasteless, LTDInventors: Oded Omer, Ben Biron, Yossi Regev
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Publication number: 20190057409Abstract: Systems and methods are provided for determining a price of one or more goods. The method includes assigning a readable identification tag to a good, applying one or more price-calculation factors to the good, identifying the good associated with the identification tag, and calculating, using a processor, a price of the good according to the one or more price-calculation factors.Type: ApplicationFiled: August 15, 2017Publication date: February 21, 2019Applicant: WasteLess LTDInventors: Oded OMER, Ben BIRON, Yossi REGEV
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Publication number: 20180165483Abstract: Systems and methods are provided for reading radio frequency identification (RFID) tags in a refrigeration unit and transmitting and analyzing RFID information is provided. The method includes scanning a refrigeration unit, using an RFID reader, for one or more products, each of the one or more products being tagged with an RFID tag, collecting, using the RFID reader, information from the RFID tag for each of the one or more products, transmitting the information to one or more remote servers, analyzing the information, using the one or more remote servers, and accessing the analyzed information using one or more remote electronic devices.Type: ApplicationFiled: December 11, 2017Publication date: June 14, 2018Applicant: WasteLess LTDInventors: Oded OMER, Ben BIRON, Yossi REGEV
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Publication number: 20180155075Abstract: Apparatuses and methods are provided for labeling a product and reading one or more labels. The apparatus includes an outer housing, a processing unit, wherein the processing unit includes a processor, a digital reader, coupled to the housing, wherein the digital reader is configured to extract information from one or more labels, one or more labels, and a label hatch configured to eject the one or more labels.Type: ApplicationFiled: December 6, 2017Publication date: June 7, 2018Applicant: WasteLess LTDInventors: Oded Omer, Ben Biron, Yossi Regev