Company Filing History:
Years Active: 2012
Title: Prashant Warier: Innovator in Commerce System Forecasting
Introduction
Prashant Warier is a notable inventor based in Scottsdale, AZ (US). He has made significant contributions to the field of commerce systems through his innovative patents. With a total of 2 patents, Warier's work focuses on enhancing the efficiency of supply and demand forecasting.
Latest Patents
Warier's latest patents include a "System and method of model forecasting based on supply and demand." This computer-implemented method transforms transactional data and supply data into a forecast of demand for controlling a commerce system. Goods move between members of a commerce system, and transactional data related to the movement of goods is recorded. This data includes customer store, product, time, price, promotion, and merchandising. Additionally, supply data related to the movement of goods is recorded, which includes inventory, product, store, and merchandising readily available for purchase. The model parameters are estimated based on this data to generate a forecast of demand, which takes into account factors such as out-of-stock conditions and price promotions.
Another significant patent is the "System and method for transaction log cleansing and aggregation." This method prepares data for modeling by storing customer sales transaction data in a database and retrieving a dataset from it. The dataset may include promotion and merchandising entries. The method involves cleansing the dataset to remove erroneous and anomalous entries, determining threshold values, and analyzing the dataset to predict attributes of subsequent sales transactions.
Career Highlights
Prashant Warier is currently employed at SAP AG, where he applies his expertise in developing innovative solutions for commerce systems. His work has been instrumental in advancing the capabilities of data forecasting and transaction management.
Collaborations
Warier collaborates with talented professionals such as David Ginsberg and Neil Primozich, contributing to a dynamic work environment that fosters innovation.
Conclusion
Prashant Warier's contributions to the field of commerce system forecasting through his patents demonstrate his commitment to innovation. His work not only enhances the efficiency of supply and demand management but also sets a foundation for future advancements in the industry.