INVENTORY MANAGEMENT

Patent №

US 11,615,373

Granted

2023-03-28

Filed 2018

Owner

TARGET BRANDS, INC.

Lab

AI components

2

kr · planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

15975604

Methods and systems for managing inventory items within a supply chain are disclosed. One method includes receiving, at a software tool, inputs related to a plurality of inventory items, the inputs including a cost of holding each of the plurality of inventory items at a location type. The method includes determining, individually for each inventory item of a plurality of inventory items, an optimal inventory balance across a plurality of locations, wherein the optimal inventory balance is a predetermined statistical availability level set based on a desired customer availability of the inventory item. The method further includes automatically generating one or more inventory adjustment requests to achieve the optimal inventory balance across each of the plurality of locations for each of the plurality of inventory items.

Knowledge representationPlanningG06Q 10/087G06Q 10/083G06Q 20/203G06Q 30/0201G06Q 30/0223

AI classification

Planning1.00
Knowledge representation0.97
AI hardware0.10
Evolutionary computation0.04
Machine learning0.02
Vision0.00
Natural language0.00
Speech0.00

Ownership

TARGET BRANDS, INC.

assignment · 540430001

Assignors

NEERKAJE, ABHIJITH, RAO, ASHWIN, TALLICHETTY, CHANDRASHEKAR, EUL, JEFFREY, COX, JOSEPH, CHEN, SHAOKUAN, JELVIS, TIKHON

On an employer assignment, the assignors are typically the inventors.

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