System and method for perpetual inventory management
US11055662B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 9, 2018 |
| Grant date | Jul 6, 2021 |
| Priority date | — |
| Expiry date | Jul 2, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/06315
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A perpetual inventory (PI) value associated with the selected product and a last PI adjustment time that indicates when the retail store last adjusted the PI value are received. The PI value of the selected product is compared to the back room quantity value of the selected product, and a second time when the back room quantity value becomes greater than the PI value for the selected product is determined. An adjustment to the PI of the selected product is blocked when an indication of upcoming inventory adjustment for the selected product is received. An adjustment to the PI value of the selected product is also blocked when the PI adjustment time is after the second time. When the back room quantity value is greater than the PI value and the adjustment to the PI value is unblocked, the PI value is adjusted to be the back room quantity value.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.