Retail product out-of-stock detection and dynamic scripting
US8321303B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 2, 2007 |
| Grant date | Nov 27, 2012 |
| Priority date | — |
| Expiry date | Sep 27, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention includes a method of detecting out-of-stock conditions for retail products, and for dynamically updating associated replenishment plans, sales forecasts, and event scripts for product stocking events such as turn stock products, promotional products, new product introductions and modular resets. The invention accesses RFID data associated with product stocking events for identifying product movements in a retail supply chain and within a retail store. The invention optionally accesses point-of-sale and perpetual inventory data for detecting out-of-stock conditions. The invention also includes a method for dynamically improving product layout and optimized planograms based on out-of-stock velocity detection.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.