Farfetch has patented a system that automatically locates user-specified items in various inventory systems across different geographic locations. The system uses a central server to update availability information and interact with mobile devices, providing users with real-time information on item availability. Additionally, a remotely-configurable changing room lock allows users to securely access selected items. GlobalData’s report on Farfetch gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Farfetch, Dynamic premium pricing was a key innovation area identified from patents. Farfetch's grant share as of February 2024 was 67%. Grant share is based on the ratio of number of grants to total number of patents.
System for locating user-specified items in multiple inventory systems
A newly granted patent (Publication Number: US11854067B2) describes a system designed to automatically locate a user-specified item within multiple independent inventory systems spread across different geographic locations. The system includes a user profile database, an availability database, and a central server that interacts with a mobile telecommunications device. The central server is equipped with an updating engine to keep the availability database current with supply information from the inventory systems and a processing engine to handle user requests. When a user sends a request from a specific location, the system searches the user profile database, checks the availability database, and provides information on the presence of the desired items at that location. Additionally, the system features a remotely-configurable changing room lock that can secure user-selected items and generate unique unlock codes for access via the mobile device once in proximity.
Furthermore, the system incorporates an item database for efficient item identification using keyword descriptors, a product analysis engine to suggest related or complementary items, and the ability to direct users to order items online if unavailable locally. The system also includes features like determining the closest inventory system with the desired items, notifying users when near a specific location, and enabling user selection and preparation of items for pickup. Additionally, a changing room sensor ensures that the changing room lock only engages when the user-selected items are present and the room is unoccupied, enhancing security and convenience for users interacting with the system.
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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.
