MUMBAI, India, Oct. 26 -- Intellectual Property India has published a patent application (202611106978 A) filed by Chandigarh University on September 05, 2026, for System And Method For Location Aware Multi Source Product Acquisition Cost Optimization.
Inventor includes Drishti.
The application for the patent was published on October 23, 2026, under issue no. 43/2026.
Abstract: The present invention relates to a system and method for intelligent product acquisition optimization that enables users to identify, compare, evaluate, and acquire products through suitable purchasing channels. The system supports product searching through text, voice, image recognition, camera scanning, and barcode scanning. Product information is aggregated from multiple online marketplaces and nearby physical retail stores, including price, availability, delivery charges, delivery time, distance, and related acquisition parameters. A Total Acquisition Cost (TAC) engine determines an overall acquisition cost by integrating product price, delivery expenses, travel costs, waiting time, distance, and availability factors. An optimization and recommendation engine evaluates available purchasing options and generates personalized recommendations according to user preferences, including lowest cost, fastest acquisition, nearest availability, and overall value. The system further provides alternative product recommendations and predictive purchasing insights for improving purchasing efficiency and decision-making.
Disclaimer: Curated by HT Syndication.
