Method for providing inventory optimization
US5946662A · kind A · utility
230Cited by
6References
19Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Mar 29, 1996 |
| Grant date | Aug 31, 1999 |
| Priority date | — |
| Expiry date | Mar 29, 2016 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/203
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for providing inventory optimization for levels of products in a complex supply chain network for multiple internal supplier or manufacturer locations and external distributor or retailer locations. The invention constructs a representative supply chain network model to indicate the flow of products between internal and external locations, it determines inventory levels and fill rates to meet the service level requirements, calculates a total inventory cost for all products in the network, and optimizes the fill rates based on estimated gradient information of the total inventory cost.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.