SCOTTSDALE, Ariz., September 3, 2019 /PRNewswire-PRWeb/ -- Clear Demand, a leading innovator in providing retail price and promotion solutions announced today that the United States Patent and Trademark Office has issued US Patent 10387925, entitled "System and method for integrating retail price optimization for revenue and profit with business rules." This unique pricing innovation is integral to the Clear Demand solution and allows retailers to drive their revenue and profit while they comply with key business rules inherent in their pricing strategy. This patent is just one in a series of new patents representing Clear Demand's innovations in advancing price optimization, leverage machine learning and AI for the retail industry. Clear Demand has already integrated this capability into its Intelligent Price Maintenance and Optimization (IPMO) solution that is used by leading retailers to manage and optimize prices across the entire product lifecycle.
The retail industry has struggled to manage and configure their pricing rules to align with their pricing strategy due to technology limitations inherent in older solutions. These limitations have resulted in poor rule compliance and poor visibility to localized pricing opportunities. Now retailers can drive their revenue and profits by leveraging machine learning and AI to achieve the full value of optimization while rigorously complying with their retail business rules.
"Clear Demand is committed to leading innovation in machine learning, AI and data science for retail. The retail landscape is rapidly evolving, and retailers require solutions that offer differentiated value, increased profit and revenue and AI to thrive in the retail industry," said Jim Sills, Clear Demand's CEO.
The patent reinforces Clear Demand's commitment to deliver more value faster through the application of leading advances in retail science.
About Clear Demand
Clear Demand delivers more value faster to retailers by helping them optimize their pricing and merchandising initiatives. This is accomplished through the most accurate science, the easiest to adopt products, leading innovations in machine intelligence, and a partnership business model that delivers industry best practices and processes. Customers benefit from a large return on investment (ROI) and greater shopper loyalty. Architected on big data and delivered as a software-as-a-service (SaaS) solution, Clear Demand's Intelligent Price Maintenance and Optimization (IPMO) solution utilizes machine learning and can be administered from a public or private cloud. See how Clear Demand can support your retail pricing, promotions, and markdown strategies by visiting http://www.cleardemand.com.
Media Contact
Tim Peterson
Clear Demand, Inc.
678-361-0751
tpeterson(at)cleardemand(dot)com
SOURCE Clear Demand, Inc
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