Push Price is an application that helps grocers reduce food waste and offer discounts to consumers by optimizing inventory management and demand forecasting. The platform uses visual search and personalized offers to connect consumers with expiring products, helping grocers maintain profitability while minimizing waste. This system aims to streamline the food cycle from producers to consumers, keeping food out of landfills.
Funding
Funding not disclosed
Founders
Product
Problem
Grocery stores face significant losses due to food waste from expiring products, while consumers often struggle with rising food costs and limited access to discounted options. This inefficiency in inventory management leads to environmental concerns and reduced profitability for grocers.
Solution
Push Price offers a machine-learning-driven application designed to minimize food waste and maximize profitability for grocery stores while providing cost savings for consumers. The platform optimizes inventory and supply chain management through demand forecasting and visual search capabilities. By connecting consumers with expiring products via personalized offers and recommendation engines, Push Price facilitates the efficient sale of soon-to-expire items. This streamlined process helps grocers reduce shrink, increase EBITDA, and enhance inventory control, while simultaneously expanding customer loyalty by offering discounts on food. The system aims to harmonize the food cycle, ensuring less food ends up in landfills.
Target Audience
The primary target audience includes grocery store chains seeking to reduce food waste and improve profitability, as well as consumers looking for cost-effective grocery options.
Features
- Demand forecasting algorithms to predict product expiration timelines
- Visual search functionality to identify near-expiry items on store shelves
- Personalized offers and recommendations to consumers based on shopping habits
- Inventory and supply chain optimization to reduce overstocking
- Integration with existing grocery store systems for seamless data exchange
- Mobile app for consumers to discover discounted, near-expiry products