Coupang‘s patent involves computer systems for intelligent purchase order generation. It uses demand forecast data to determine order quantities, prioritizes based on constraints, and assigns quantities to locations. The system also manages excess quantities by transferring them to other locations. GlobalData’s report on Coupang gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company profile on Coupang, AI for workflow management was a key innovation area identified from patents. Coupang's grant share as of January 2024 was 41%. Grant share is based on the ratio of number of grants to total number of patents.
Intelligent generation and distribution of purchase orders for products
A recently granted patent (Publication Number: US11880782B2) discloses a computer-implemented system for intelligent distribution of products. The system involves generating demand forecast data using a model trained to predict future demand, adjusting order quantities based on various factors like past sales statistics and current inventory levels, prioritizing orders based on constraints, assigning orders to locations based on inventory levels, and transferring excess quantities to other locations if a capacity limit is exceeded. The system aims to optimize product distribution efficiently.
Furthermore, the patent includes a computer-implemented method for intelligent product distribution, involving similar steps as the system, such as generating demand forecast data, prioritizing orders based on constraints, assigning orders to locations, and transferring excess quantities when necessary. The method utilizes rules or logistical regression models to prioritize orders and considers factors like location capacity and product popularity. By generating purchase orders based on the assigned quantities, the method streamlines the distribution process and ensures efficient inventory management. Overall, the patent outlines a comprehensive approach to intelligent product distribution using advanced forecasting models and strategic allocation strategies.
To know more about GlobalData’s detailed insights on Coupang, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
