Inventory early warning agent in a supply chain management system
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United States of America Patent
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Jul 8, 2008
Grant Date -
Dec 4, 2003
app pub date -
Jul 31, 2002
filing date -
Nov 14, 2001
priority date (Note) -
In Force
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Abstract
An inventory agent operating on software includes instructions operable to cause a programmable processor to receive inventory data relating to stock in an inventory, apply the inventory data to a conditional probabilistic predictive statistical algorithm, calculate a predicted inventory level, and use the calculated predicted inventory level to determine whether to order additional stock for the inventory. The statistical algorithm uses a conditional probabilistic model to process the data. The inventory agent may be implemented in a supply chain management system.
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