System, method and article of manufacture to optimize inventory and inventory investment utilization in a collaborative context
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United States of America Patent
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N/A
Issued Date -
Nov 29, 2001
app pub date -
May 18, 2001
filing date -
Jan 26, 1999
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention optimizes inventory and inventory investment utilization based upon inventory holding cost and lost sales, economic profit, unit sales, sales revenue, or gross margin with or without considering investment constraints. The invention assimilates relevant data for each particular item to be evaluated. The data to be collected include store-level point-of-sale data, frequency of replenishment, lead time, investment available, number of units per order lot, cost to the retailer of one unit of SKU, price retailer receives for one unit of SKU, the inventory holding cost factor, and the unit cost of a lost sale. The system evaluates these variables when determining the optimal solution for an unconstrained or constrained investment. The invention also includes a process through which multiple parties can collaborate on the solution. The participants can adjust the permissioned data, optimization parameters, and constraints to reoptimize to meet their objectives.
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