Inventory optimization tool

US10346774B2 · kind B2 · utility

Assignee

• ACCENTURE GLOBAL SERVICES LIMITED · IE

Inventors

• Yair Martinez · Barcelona, ES
• Javier Subira Escrig · Sant Cugat del Vallès, ES
• Dario Romare · Barcelona, ES
• Jaime Rodriguez Lagunas · Barcelona, ES
• Robert Gimeno · Barcelona, ES
• Ghanshyam Devnani · Savanuru, IN
• Rajesh Singh · Bengaluru, IN

Key dates

• Filing date: Aug 25, 2015
• Grant date: Jul 9, 2019
• Expiry date: Jul 2, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/087
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

This disclosure generally relates to devices, systems, and computer-implemented methods for simulating one or more inventories in a distribution network. Specifically, methods are described that comprise the operations of receiving inventory data for one or more inventories to be simulated, wherein the inventory data includes lead time data and demand data; determining, based on the inventory data, probability distributions for each of lead time and demand for the one or more inventories to be simulated; determining a lead time demand probability distribution of the one or more inventories to be simulated based on the determined probability distributions for the lead time and the demand; determining a predictive state of the one or more inventories to be simulated based on the lead time demand probability distribution; and outputting one or more evaluation parameters associated with the predictive state of the one or more inventories to be simulated.