The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 23, 2023
Filed:
Dec. 02, 2019
Tata Consultancy Services Limited, Mumbai, IN;
Jeisobers Thirunavukkarasu, Chennai, IN;
TATAT CONSULTANCY SERVICES LIMITED, Mumbai, IN;
Abstract
This disclosure relates to a system and method to estimate demand transfer of a product while considering performance of all the products of a category simultaneously. It would be appreciated that the demand of a removed product transfers to other products of same category in a store. In addition the demand transfer is influenced by sales drivers such as product level promotion and competitor prices, store location, weather and seasonality. By considering these factors the proposed approach provides a method to estimate demand transfer of a product. It is addressed by creating multivariate multi structure machine learning models and estimating demand transfer values by using suitable scenario generator for product availability. It enables to estimate more holistic demand transfer values by simultaneous consideration of individual product behaviours with respect to other products availability and other sales drivers.