Clear Demand Awarded Patent that Revolutionizes Retail Price Optimization
SCOTTSDALE, Ariz. (PRWEB) July 13, 2018 -- Clear Demand, a leading innovator in retail price and promotion announced that the United States Patent and Trademark Office has issues US Patent 9,940,649, entitled “System and method for integrating retail price optimization for revenue and profit with business rules”. This technology is integral to the Clear Demand solution and allows retail users greater flexibility in their efforts to comply with key business rules and still achieve goals for revenue and profit maximization.
This is just one in a series of new patents representing Clear Demand’s innovations advancing price optimization for retail users. These patents are already incorporated into the Intelligent Price Maintenance and Optimization (IPMO) solution that is used by retailers to manage and optimize prices across the entire product lifecycle. The industry has struggled with rule compliance due to limitations inherent in older solutions that relied on soft rules, heuristics, or rule relaxation. Now retailers can achieve the full value of optimization while rigorously complying with their business rules.
According to CEO Jim Sills, “Clear Demand is committed to leading innovation in machine learning and data science for retail. The retail landscape is rapidly evolving, and our clients require solutions that offer differentiated value.” The move 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 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), 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.
Ryan Jensen, Clear Demand, http://www.cleardemand.com, +1 (602) 478-8187, [email protected]
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