Systems and methods of managing perpetual inventory

US10360548B2 · kind B2 · utility

Assignee

• Walmart Apollo, LLC · US

Inventors

• Cristy C. Brooks · Monett, US
• Benjamin D. Enssle · Pleasant Valley, US
• David Blair Brightwell · Bentonville, US
• Daniel R. Shields · Rogers, US
• Greg A. Bryan · Centerton, US
• Matthew A. Jones · Bentonville, US

Key dates

• Filing date: Jan 4, 2018
• Grant date: Jul 23, 2019
• Expiry date: Jan 4, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/202
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In some embodiments, systems and methods are provided to monitor and adjust perpetual inventory (PI). Some embodiments comprise multiple point of sale (POS) systems; an inventory system and a perpetual inventory (PI) engine control circuit that receives inventory information and is configured identify the occurrence of a plurality of different events each associated with a different product at a shopping facility and corresponding to a potential inconsistency in a determined inventory count; and for each of the events: identify a first set of inventory evaluation rules; apply the first set of inventory evaluation rules to determine a type of inventory count error; determine an inventory adjustment action to be implemented based on the first product and the determined error type; and cause the inventory adjustment action to be implemented in substantially real-time to adjust the determined inventory count of the first product at the first shopping facility.