Inventory management strategy evaluation system and method
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United States of America Patent
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Oct 5, 1999
Grant Date -
N/A
app pub date -
Dec 23, 1996
filing date -
Dec 23, 1996
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A system and method for evaluating an inventory management strategy combines multiple management strategies in a single inventory management system. The system analyzes the inventory portfolio on an item-by-item basis to assign the most suitable management strategy for that item. The inventory management system provides a high level of flexibility for the users to define input parameters to ensure a desired level of customer satisfaction. Additionally, it determines whether the inventory items are forecastable before predicting future demands.
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