System and method for management of perpetual inventory values associated with nil picks
US11816628B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 4, 2020 |
| Grant date | Nov 14, 2023 |
| Priority date | — |
| Expiry date | Nov 3, 2041 |
Classification
- Technology area (CPC B)Performing Operations; Transporting
- CPC primaryB64U2201/10
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
An electronic indication of a nil pick is received. Item information associated with the desired product, sales data concerning the desired product, supply chain information associated with the desired product, and a perpetual inventory (PI) value of the desired product are stored. An adjustment to the PI of the desired product is blocked when a predetermined event occurs at the retail store, or when information that contradicts the validity of the nil pick is received from the retail store. When the adjustment to the PI of the desired product is not blocked, an amount of the adjustment is determined based upon one or more of: the item information associated with the product, the sales data concerning the product, and the supply chain information associated with the desired product.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.