System providing for inventory optimization in association with a centrally managed master repository for core reference data associated with an enterprise
US7788119B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 7, 2004 |
| Grant date | Aug 31, 2010 |
| Priority date | — |
| Expiry date | May 9, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/087
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In one embodiment, optimizing inventory for a supply chain includes generating an inventory plan for the supply chains. Execution of a supply chain plan associated with the inventory plan is initiated at the supply chain. The supply chain is monitored to generate metric values. A watchpoint triggered by a metric value is detected, and a cause of the triggered watchpoint is identified using a causal tree. The inventory plan is adjusted in response to the detected triggered watchpoint and in accordance with the identified cause, and the supply chain plan is adjusted in accordance with the adjusted inventory plan. Execution of the adjusted supply chain plan is initiated, and new metric values are measured to determine performance. The performance is evaluated, and the causal tree is updated in response to the evaluation.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.