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:
Jan. 02, 2024
Filed:
Jul. 31, 2018
Block, Inc., San Francisco, CA (US);
Matthew Capers, South San Francisco, CA (US);
Brian Stegall, San Francisco, CA (US);
Katherine Brennan, Oakland, CA (US);
Marsal Gavalda, Sandy Springs, GA (US);
Matthew O'Connor, New York, NY (US);
Block, Inc., San Francisco, CA (US);
Abstract
Systems and methods for an intelligent inventory system are disclosed. The systems and methods described herein may receive data from a point-of-sale (POS) device of a merchant indicating an item to add to an inventory catalog of the merchant. A rate may be determined that is associated with how many times the item may be returned or exchanged with a similarly-situated merchant. Additionally, or alternatively, the rate may comprise a fluctuation in price for the item and/or an amount of times the item may be re-stocked and/or re-ordered by the similarly-situated merchant. If the determined rate exceeds a threshold rate, a suggestion may be sent to the POS device of the merchant. The suggestion may comprise a suggested second item rather than the item requested, a suggested price to charge for the item suggested, and/or a suggested quantity to order of the item requested.