Optimizing an inventory of a supply chain
US7853462B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 29, 2004 |
| Grant date | Dec 14, 2010 |
| Priority date | — |
| Expiry date | Oct 19, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Optimizing inventory targets for nodes of a supply chain to satisfy a target customer service level may include accessing a supply chain model that has an assumed value for each of a number of inputs. An optimized inventory target is calculated according to the supply chain model to satisfy the target customer service level, and a measured actual customer service level and a measured actual value for each input are accessed. If the measured actual customer service level fails to satisfy the target customer service level, deviations between the measured actual and assumed values for each input are determined. An input for which the deviation is significant is identified to be a root cause of the failure. For a subsequent time period, using the deviation for the identified input as feedback, the assumed value for the identified input is adjusted, and a reoptimized inventory target is calculated to satisfy the target customer service level.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.