System and method for determining demand distribution for safety stock planning
US8200521B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 24, 2005 |
| Grant date | Jun 12, 2012 |
| Priority date | — |
| Expiry date | Oct 19, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0204
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method are described for identifying an appropriate demand distribution to use for safety stock planning within a supply chain management (“SCM”) system. For example, one embodiment of the invention comprises a computer-implemented method comprising: extracting historical demand characteristics for a product from a specified data source, the demand characteristics including the mean value of the demand for specified periods of time and/or the fraction of periods without any demand; evaluating the historical demand characteristics including the mean value of the demand for the specified periods and/or the fraction of periods without any demand; based on the evaluation, categorizing the demand characteristics into one of two or more different predefined categories; and using the classification to perform safety stock calculations for the product over the specified periods of time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.