Method for estimating stock levels in production-distribution networks with inventory control
US6078900A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Oct 23, 1998 |
| Grant date | Jun 20, 2000 |
| Priority date | — |
| Expiry date | Oct 23, 2018 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/203
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method resolves the problem of projecting future stock levels for multiple stockholding locations in production-distribution networks, and minimizing the total dollar delinquency within given inventory budgets or within given allowable inventory holding costs. The invention communicates process control parameters and production-distribution network parameters, computes priorities for each product held at retail locations of the distribution network. It allocates available global and local budgets among products, sets starting stock levels for each product, computes and displays stock levels and the distribution network performance measures.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.