Systems and methods for optimization of a product inventory by an intelligent adjustment of inbound purchase orders
US10657492B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 23, 2019 |
| Grant date | May 19, 2020 |
| Priority date | — |
| Expiry date | Sep 23, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-implemented systems and methods for intelligent generation of purchase orders is disclosed. The system may be configured to execute instructions for: receiving one or more demand forecast quantities of one or more products, the products corresponding to one or more product identifiers, and the demand forecast quantities comprising a demand forecast quantity for each product for each unit of time; receiving supplier statistics data for one or more suppliers, the suppliers being associated with a portion of the products; receiving current product inventory levels and currently ordered quantities of the products; determining preliminary order quantities for the products; constraining the preliminary order quantities to obtain recommended order quantities based at least on the supplier statistics data, the current product inventory levels, and the currently ordered quantities; and generating purchase orders to the suppliers for the products based on the recommended order quantities.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.