Patents by Inventor Brian Wongchaowart

Brian Wongchaowart has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and system for managing clearance items
    Patent number: 11238482
    Abstract: Methods and systems for generating an optimal clearance schedule for inventory items in a retail enterprise. A method includes accessing historical sales data for a plurality of inventory items in a department of a retailer. A selection of an item is received and a set of possible discount schedules for the item are generated. Each schedule includes a set of prices and a price duration. A forecasting tool provides a sales performance of the item based on the historical sales data. An optimal clearance schedule is selected from the possible discount schedules.
    Type: Grant
    Filed: August 2, 2019
    Date of Patent: February 1, 2022
    Assignee: TARGET BRANDS, INC.
    Inventors: James Gaynor, Luyen Le, Saibal Bhattacharya, Brian Wongchaowart, Hamidreza Badri, Elif Tokar-Erdemir, Xiao Pu