MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202641085888 A) filed by Sai Vidya Institute Of Technology on July 14, 2026, for Smart Inventory Optimization & Waste Reduction System.
Inventors include Gautam Amiya; Sreelatha P K; Varun E; Leisha Raj B K; Karuna M; Indushree A; Shreyas B Nemannavar; Ravi Kumar G; and Jeevan Gowda.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: The present invention relates to a Smart Inventory Optimization and Waste Reduction System designed for provision stores, grocery shops, supermarkets, and small retail businesses. The system provides an efficient and user-friendly platform for managing inventory by monitoring product stock levels and expiry dates through a centralized database. Product details such as name, category, quantity, purchase date, and expiry date are stored and continuously analyzed to support effective inventory control. The system automatically generates alerts for products approaching their expiry dates, enabling store owners to take timely actions such as discounts, promotional offers, or stock clearance to minimize wastage. It also monitors stock levels and provides low-stock notifications whenever product quantities fall below predefined thresholds. In addition, the system offers intelligent restocking recommendations to ensure product availability while avoiding overstocking and understocking situations. A user-friendly dashboard displays inventory status, alerts, recommendations, and reports, allowing users to make informed decisions quickly and efficiently. The proposed invention reduces manual effort, minimizes human errors, improves operational efficiency, and enhances inventory management practices. By integrating inventory tracking, expiry monitoring, stock optimization, and decision-support features into a single platform, the system helps reduce financial losses, improve customer satisfaction, and promote sustainable retail operations. The invention provides a practical, reliable, and cost-effective solution for modern inventory management and waste reduction in retail businesses.
Disclaimer: Curated by HT Syndication.
