Cost optimization system for supplying parts

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United States of America Patent

PATENT NO 5063506
SERIAL NO

07425615

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A cost estimation system estimates the cost of supplying parts to a manufacturing facility. The system comprises a first database for storing cost information for various supply methods including air freight, ocean freight, land freight, warehouse storage, plant storage and material handling costs. A user selects a supply method for the parts, and has the option to select a percentage of one type of transportation and a percentage of an alternate type of transportation to serve as a back-up. A user also enters delivery frequency data indicating one or more frequencies of delivery to base a cost estimation. A computer processor then estimates the cost of supplying the parts at the one or more frequencies of delivery and the selected supply method. Finally, the cost estimates are presented to a user.

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Patent Owner(s)

Patent OwnerAddress
INTERNATIONAL BUSINESS MACHINES CORPORATION A CORP OF NYARMONK NY 10504

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Brockwell, John C Endicott, NY 2 340
Collins, Edward J Boulder, CO 16 396

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