Importance

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Abstract

A method by which a distributor owns, manages, and automatically replenishes the inventory of a business that is a customer of the distributor. The distributor collects information over a start-up period to reflect an inventory of certain designated items that are supplied by the distributor and sold to consumers by the business. From the information collected, a forecast is projected of the demand for the designated items by consumers following the start-up period. The distributor purchases from the business the inventory of designated items and then invoices the business on a unit of use basis for reimbursement, but only at the time when the designated items are sold to consumers by the business. Depending upon a transaction report electronically transmitted to the distributor, the inventory of designated items dispensed to consumers by the business is automatically replenished by the distributor according to the forecast of demand to enable the business to maintain an inventory of designated items to meet the actual demand of consumers.

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First Claim