Method and system for generating an optimum identifier format

Abstract

Systems and methods for optimally formatting item identifiers (ID) are disclosed. An example method is performed by one or more processors of a system and includes obtaining descriptions of items, identifying, for each item, one or more attributes of the item described in the item's description, extracting a value for each of the identified attributes, identifying a set of common attributes among the identified attributes for which values were extracted for more than a threshold ratio of the items, assigning a priority weight to each of the common attributes using an optimization algorithm, identifying a set of optimum attributes among the set of common attributes based on the priority weights, mapping an optimum code to each unique value extracted for the optimum attributes, and generating an optimum ID format that provides, for each item, a unique ID including the optimum codes mapped to the values of the item's optimum attributes.