Forecasting returns for retail demand planning
US10318921B1 · kind B1 · utility
6Cited by
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20Claims
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Key dates
| Filing date | Jan 11, 2018 |
| Grant date | Jun 11, 2019 |
| Priority date | — |
| Expiry date | Jan 11, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F7/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method are disclosed for returns forecasting for a retail store inventory of one or more supply chain entities. Embodiments include receiving a current state of items in a supply chain network, receiving a sales time series and a returns time series, computing a returns forecast comprising an expected quantity of a particular product to be returned for a future time period using a sales forecast a and a transfer function estimated from the sales time series and the returns time series.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.