This inventor holds 1 USPTO granted patent. Top assignee: International Business Machines Corporation. Active years: 2011.
Company Filing History:
Years Active: 2011
Title: Inventor Spotlight: Umeshchandra H. Patel
Introduction
Umeshchandra H. Patel is an innovative inventor based in Santa Clara, California. With a keen focus on improving economic efficiency in the perishable goods market, he has developed a significant patent aimed at reducing losses associated with perishable products. His contributions are essential for companies looking to optimize inventory management and pricing strategies.
Latest Patents
Umeshchandra holds a patent titled "Cost Based Dynamic Pricing of Goods." This invention outlines methods and systems designed to minimize financial losses related to perishables by categorizing them based on their use-by dates (UBD). The invention calculates a financial impact for at-risk perishables and dynamically determines their pricing to reflect this impact and UBD. Furthermore, it updates price displays to ensure that consumers are informed about pricing changes in real-time.
Career Highlights
Currently, Umeshchandra is employed by International Business Machines Corporation (IBM), where his innovative approaches contribute to the company's reputation for cutting-edge technology and solutions. His work in dynamic pricing models showcases his expertise in merging technology with practical applications in commerce.
Collaborations
Umeshchandra has collaborated with notable experts in his field, including Rainer Kerth and Seshashayee Sankarshana Murthy. These collaborations have enhanced his research and development efforts, leading to vital advancements in how perishable goods are priced and sold.
Conclusion
Umeshchandra H. Patel's contributions to the field of dynamic pricing for perishables stand out as a valuable innovation for businesses and consumers alike. His expertise and continued work with IBM ensure that he remains at the forefront of technological advancements that address key challenges in inventory management. His patent not only highlights his ingenuity but also reflects the growing importance of adaptive pricing strategies in today's market landscape.