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Wasteless: An AI-Powered Solution for Reducing Food Waste

This information was documented on July 22, 2021. Wasteless represents a groundbreaking, patented, and completely automated Artificial Intelligence system.

The core function of this technology is the dynamic application of price reductions. These markdowns are calculated and implemented in real-time.

How Wasteless Works

Wasteless’s algorithms consider a variety of factors when determining optimal pricing. Key among these is a product’s expiration date.

By intelligently adjusting prices, the system aims to achieve two primary objectives: minimizing food waste and maximizing profitability for retailers.

Key Features and Benefits

• Automated Markdowns: The system operates without manual intervention, ensuring consistent and timely price adjustments.
• Real-Time Optimization: Pricing is continuously refined based on current data, maximizing effectiveness.
• Reduced Food Waste: By incentivizing purchases of near-expiration products, Wasteless helps prevent food from being discarded.
• Increased Profitability: Selling products at reduced prices is more profitable than disposing of them entirely.

Wasteless is designed to be a comprehensive solution, addressing a significant challenge within the food industry.

The patented AI technology offers a proactive approach to inventory management, benefiting both businesses and the environment.