Method for providing inventory optimization
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United States of America Patent
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Aug 31, 1999
Grant Date -
N/A
app pub date -
Mar 29, 1996
filing date -
Mar 29, 1996
priority date (Note) -
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Abstract
A method for providing inventory optimization for levels of products in a complex supply chain network for multiple internal supplier or manufacturer locations and external distributor or retailer locations. The invention constructs a representative supply chain network model to indicate the flow of products between internal and external locations, it determines inventory levels and fill rates to meet the service level requirements, calculates a total inventory cost for all products in the network, and optimizes the fill rates based on estimated gradient information of the total inventory cost.
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