Inventory early warning agent in a supply chain management system

US7398232B2 · kind B2 · utility

Assignee

• SAP AG · DE

Inventors

• Alexander Renz · Heidelberg, DE
• Ye Chen · Sunnyvale, US

Key dates

• Filing date: Jul 31, 2002
• Grant date: Jul 8, 2008
• Expiry date: Sep 9, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/087
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An inventory agent operating on software includes instructions operable to cause a programmable processor to receive inventory data relating to stock in an inventory, apply the inventory data to a conditional probabilistic predictive statistical algorithm, calculate a predicted inventory level, and use the calculated predicted inventory level to determine whether to order additional stock for the inventory. The statistical algorithm uses a conditional probabilistic model to process the data. The inventory agent may be implemented in a supply chain management system.