US Patent Issued to Afresh Technologies on June 30 for "Probabilistic inventory estimation in grocery" (California, New York Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,670,468, issued on June 30, was assigned to Afresh Technologies Inc. (Oakland, Calif.).

"Probabilistic inventory estimation in grocery" was invented by Aaron J. Stern (Berkeley, Calif.) and Clement Micol (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Probabilistic inventory estimation includes receiving a set of records pertaining to an item, comprising: shipment data pertaining to the item, transaction data pertaining to the item, and at least one user inventory observation pertaining to the item. It further includes determining a probabilistic estimate of inventory of the item based at least in part on the shipment data, the transactio...