System and method for forecast driven replenishment of merchandise
US9990597B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 27, 2015 |
| Grant date | Jun 5, 2018 |
| Priority date | — |
| Expiry date | Sep 2, 2036 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems, methods, and other embodiments are disclosed that are configured to generate replenishment parameters for use by an external replenishment system. In one embodiment, sales statistics are generated for an item based at least in part on historical sales data for the item. A determination is made as to if demand forecast data is available for the item. If demand forecast data is not available, an order-point value for the item is generated based at least in part on the sales statistics. If demand forecast data is available, demand forecast statistics are generated and the order-point value is generated based at least in part on the sales statistics and the demand forecast statistics. An order-up-to-level is generated based at least in part on the order-point value.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.