Sachin Kumar Bansal

Title: Sachin Kumar Bansal: Innovator in Retail Technology

Introduction

Sachin Kumar Bansal is a prominent inventor based in Bengaluru, India. He has made significant contributions to the field of retail technology, particularly in the area of inventory management. His innovative approach has led to the development of a patented method that addresses critical challenges faced by retailers.

Latest Patents

Sachin holds a patent for a groundbreaking invention titled "Retail product out-of-stock detection and dynamic scripting." This invention includes a method for detecting out-of-stock conditions for retail products. It also dynamically updates associated replenishment plans, sales forecasts, and event scripts for product stocking events. The invention utilizes RFID data to identify product movements within a retail supply chain and store. Additionally, it accesses point-of-sale and perpetual inventory data to detect out-of-stock conditions. The invention further enhances product layout and optimized planograms based on out-of-stock velocity detection. He has 1 patent to his name.

Career Highlights

Sachin is currently employed at Checkpoint Systems, Inc., where he continues to innovate in the retail technology sector. His work focuses on improving inventory management and enhancing the overall shopping experience for consumers.

Collaborations

Sachin has collaborated with notable colleagues, including Venkat Krishnamurthy and Jasjit Singh Mangat. Their combined expertise contributes to the advancement of retail technology solutions.

Conclusion

Sachin Kumar Bansal is a key figure in the realm of retail innovation, with a focus on improving inventory management through his patented technologies. His contributions are shaping the future of retail operations and enhancing customer satisfaction.