Perpetual inventory reconciliation

US10846654B2 · kind B2 · utility

Assignee

• Walmart Apollo, LLC · US

Inventors

• Cristy C. Brooks · Monett, US
• David Blair Brightwell · Bentonville, US
• Benjamin D. Enssle · Pleasant Valley, US
• Jesse L. Eaton · Springdale, US
• Matthew A. Jones · Bentonville, US
• Jeffrey Kerbs · Berryville, US
• Greg A. Bryan · Centerton, US

Key dates

• Filing date: Oct 19, 2018
• Grant date: Nov 24, 2020
• Expiry date: Jun 26, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0206
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Examples provide a perpetual inventory (PI) reconciliation system. A PI controller analyzes item data using a set of PI purge criteria and a set of weighted prioritization variables to select a highest priority seasonal inventory item having a positive PI value a per-item threshold time after an end-of-season (EOS) date for PI purge analysis. A PI controller determines if the selected item is a high confidence item or a low confidence item based on a set of confidence rules and item data. If the selected item is a high confidence item, a PI purge component sets an inventory value for the selected item to zero to eliminate the positive PI. If the selected item is a low confidence item, a verification component verifies the number of physical instances of the selected item. The inventory value is updated using the verified number of physical instances.