SCOTTSDALE, Ariz. (PRWEB) March 12, 2020
Clear Demand, a leading innovator in retail price and promotion solutions announced today that the United States Patent and Trademark Office has issued US Patent 10572912, 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 complying 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 life-cycle.
The retail industry has struggled to manage and configure their pricing rules to align with their pricing strategy due to limitations inherent in older solutions. These limitations have resulted in poor rule compliance and complications managing localized pricing rules. It is now much easier for retailers to drive additional revenue and profits with machine learning while rigorously complying with their retail business rules.
Clear Demand has seventeen patents issued or pending, solidifying the Company’s position as the thought leader in the Intelligent Price Maintenance and Optimization space. Clear Demand has a strong portfolio of solutions for all types of retailers including grocery, convenience, specialty, DIY, department store, pet, discount, beer & wine, and online. Clear Demand’s rules engine is the only solution capable of managing the complexities of tobacco pricing.
“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 ease of use to thrive in today’s competitive market.” said Jim Sills, Clear Demand’s President and 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.
Clear Demand, Inc.