US Patent Issued to COUPANG on Aug. 19 for "Computerized systems and methods for predicting and managing scrap" (Chinese Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,958, issued on Aug. 19, was assigned to COUPANG CORP. (Seoul, South Korea).

"Computerized systems and methods for predicting and managing scrap" was invented by Zonghan Wu (Shanghai), Timothy Schoenharl (Shanghai), Wei Wei (Shanghai), Sheng Meng (Shanghai) and Ping Yin (Shanghai).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for predicting that a stock keeping unit (SKU) is likely to be scrapped and performing preventative actions accordingly. The system receives a request to initiate a process related to predicting scrap likelihood associated with a plurality of SKUs, inputs data associated with each SKU into a trained predictio...