System and method for self-tuning optimization of an item replenishment policy
US11727348B2 · kind B2 · utility
0Cited by
1References
18Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Nov 19, 2020 |
| Grant date | Aug 15, 2023 |
| Priority date | — |
| Expiry date | Nov 10, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG05B2219/45083
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems, methods, and other embodiments associated with self-tuning optimization of a replenishment policy of an item are described. In one embodiment, the method includes determining an initial replenishment policy of the item. A performance of the initial replenishment policy is determined based upon past performance of the initial replenishment policy. The initial replenishment policy is revised to get a service level of the item for future sales periods closer to a target service level of the item. Information is forwarded in real-time about the revised replenishment policy to an order fulfillment facility.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.