Derek Nordquist

Title: **Derek Nordquist: Innovator in Supply Chain Solutions and Payment Systems**

Introduction

Derek Nordquist is a distinguished inventor based in Chicago, IL, known for his remarkable contributions to innovations in supply chain management and payment systems. With an impressive portfolio of 23 patents, his work demonstrates a commitment to advancing technology in business processes.

Latest Patents

Derek's latest patents reflect his expertise in the fields of sales pipeline management and payment systems. One notable invention is the "Method, apparatus, and computer program product for calculating a supply based on travel propensity." This innovation involves systems and methods to manage sales pipelines more effectively by calculating supply based on travel propensity. The method identifies total demand for promotional offerings at geographic locations and assesses whether demand is satisfied based on the promotion area's scope.

Another significant patent is the "Unified payment and return on investment system." This system provides a robust platform for merchants to understand the value of running promotions. It facilitates real-time return on investment calculations, allowing merchants and sales representatives to collaboratively develop mutually acceptable payment plans that enhance promotional effectiveness.

Career Highlights

Derek has an impressive career trajectory, having worked with notable companies such as Groupon, Inc. and Bytedance Inc. His experience in these dynamic environments has allowed him to refine his innovative approaches and implement practical solutions that address key business challenges in the digital age.

Collaborations

Throughout his career, Derek has collaborated with talented professionals, including Shafiq Shariff and Jadam Kahn. These collaborations have fostered an environment of creativity and cross-pollination of ideas, further enhancing the innovations he brings to the market.

Conclusion

Derek Nordquist's contributions to the fields of supply chain management and payment systems have established him as a notable inventor in his industry. His latest patents demonstrate a continued drive for innovation, coupled with his impactful collaborations and career achievements. As technology evolves, the solutions developed by innovators like Derek will undoubtedly shape the future of business operations.