ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,874, issued on July 1, was assigned to W.W. Grainger Inc. (Lake Forest, Ill.).

"Vision-based system and method for providing inventory data collection and management" was invented by Fouad Bousetouane (Vernon Hills, Ill.), Ojasve Srikanth (Chicago), Shubham Nagarkar (Chicago), Toheeb Okenla (South Holland, Ill.) and Ling Ouyang (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method determines from data collected by one or more data collection elements of a computing device a plurality of discrete product storage locations within a product storage system. Each of the plurality of plurality of discrete product storage locations is ...