Updating a forecast based on real-time data associated with an item

US10360522B1 · kind B1 · utility

Assignee

• AMAZON TECHNOLOGIES, INC. · US

Inventors

• Edward Michael Leonard · Snoqualmie, US
• Robert H. Sawers · Seattle, US
• Kip Christopher Larson · Seattle, US
• Devesh Mishra · Issaquah, US
• Eric Mathew Mack · Seattle, US
• Jeffrey B. Maurer · Port Orchard, US

Key dates

• Filing date: Jun 24, 2015
• Grant date: Jul 23, 2019
• Expiry date: Jul 18, 2037

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/06315
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Techniques for generating a forecast associated with an item may be described. For example, the forecast may be generated based on simulations of supply and demand variables associated with the item over a planning horizon. The forecast may include at least one of: a labor forecast or a capacity forecast associated with inventorying units of the item in an inventory over the planning horizon. Further, real-time data associated with realizations of the supply and demand variables during the planning horizon may be monitored. At least a portion of the real-time data may be available from a management system. The management system may be configured to manage orders for the units of the item from the inventory. The forecast may be updated during the planning horizon based on the real-time data. The update may include changing the at least one of: the labor forecast or the capacity forecast.