Method for dynamically evaluating projected days of supply of inventory levels in a supply chain
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United States of America Patent
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-
N/A
Issued Date -
Jan 23, 2003
app pub date -
Jul 20, 2001
filing date -
Jul 20, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
An exemplary embodiment of the invention relates to a method for managing inventory of a stock item over a number of convenient time periods. The method comprises receiving an updated demand forecast and updating projected forecast data; determining for a given time period: projected inventory level using the projected forecast data, supplier commitment data, and prior periods' projected inventory levels; and days of supply of inventory using the projected inventory level for a current period and forecast data for subsequent periods. If the days of supply is out of a predetermined range for a given time period, then corrective actions are taken. Corrective actions include modifying the supplier commitment data by increasing the amount of commitment or delaying shipments.
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