Jamie Eldredge

Title: Jamie Eldredge: Innovator in Retail Optimization

Introduction

Jamie Eldredge is a prominent inventor based in Palo Alto, CA. She has made significant contributions to the field of retail optimization, holding 2 patents that focus on enhancing pricing strategies for brick-and-mortar retailers. Her innovative approaches aim to improve the efficiency and effectiveness of retail operations.

Latest Patents

One of Jamie's latest patents is titled "Systems and methods for price testing and optimization in brick and mortar retailers." This invention provides systems and methods for optimizing base pricing of products within physical retail spaces. The process begins with collecting transaction logs for products in various retail locations. These logs are then validated and adjusted, allowing for the computation of elasticities between products. The adjustments take into account various factors, including the day of the week and external influences such as weather. Elasticity is calculated using generalized linear models, and a set of constraints is applied alongside the elasticities to optimize pricing strategies.

Another notable patent is "Systems and methods for generating and recommending promotions in a design matrix." This invention focuses on creating a promotional design matrix with a recommendation overlay. It allows users to input product details, discounts, quantities, and offer structures. The system generates variants for discounts and quantities, assigning them to a design matrix. At each intersection of the matrix, multiple offer structures are created based on the user's selections. The system employs recommendation logic to highlight offers that are likely to succeed, enhancing the promotional effectiveness for retailers.

Career Highlights

Jamie currently works at Eversight, Inc., where she continues to develop innovative solutions for the retail industry. Her work has been instrumental in advancing the understanding of pricing strategies and promotional effectiveness in physical retail environments.

Collaborations

Throughout her career, Jamie has collaborated with talented individuals such as Michael Montero and David Moran. These partnerships have contributed to her success and the development of her innovative patents.

Conclusion

Jamie Eldredge is a trailblazer in the field of retail optimization, with her patents paving the way for more effective pricing and promotional strategies in brick-and-mortar stores. Her contributions are shaping the future of retail operations and enhancing the shopping experience for consumers.