SUPPLY CHAIN AND INVENTORY RISK MANAGEMENT SYSTEM

Patent №

US 7,664,674

Granted

2010-02-16

Filed 2002

Owner

UNITED PARCEL SERVICE OF AMERICA, INC.

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

10256652

A system and method for supply chain and inventory risk management that supplies inventory from a manufacturer to a plurality of customers. An owner entity of the system is transferred a plurality of customer agreements which describe requirements for the distribution of the inventory to the customers in agreed-upon amounts in exchange for agreed-upon payments. Transfer of the customer agreements allows an electronic system of the owner entity to forecast and place orders purchasing from the manufacturer the amount of inventory that will be needed by the customers. Further, the transfer of the agreements increases the certainty that inventory purchased by the owner will be sold to the customer. The electronic owner system may also commission the services of a logistics agent that is capable of providing shipping and handling services customized to high-risk inventory, such as electronic components, increasing the owner's profit on the sale of the inventory.

PlanningG06Q 10/087G06Q 30/0633G06Q 40/12

AI classification

Planning1.00
Natural language0.03
Evolutionary computation0.00
Knowledge representation0.00
Vision0.00
Machine learning0.00
AI hardware0.00
Speech0.00

Ownership

UNITED PARCEL SERVICE OF AMERICA, INC.

assignment · 232190623

Assignors

NEGRON, RICHARD J.

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

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