Methods for maintaining inventory records between audit periods
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United States of America Patent
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-
N/A
Issued Date -
Jan 31, 2008
app pub date -
Aug 22, 2006
filing date -
Jul 31, 2006
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method for maintaining inventory records between audit periods includes establishing a virtual bin associated with an actual inventory record and collecting data indicative of actual quantities of one or more products associated with an inventory. The data indicative of the actual quantities of each of the one or more products is compared with the inventory record associated with the corresponding product. An inventory adjustment factor is determined for each of the one or more products based on the comparison. The inventory adjustment factor for each of the one or more products is stored in the virtual bin. The method also includes adjusting the inventory record associated with each of the one or more products based on the stored inventory adjustment factor.
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