Process for forecasting product demand
First Claim
1. An improved method for more quickly and accurately establishing a forecast of future demand for a product comprising an interactive process between a human operator and automated data processing hardware and software;
- a. said method allowing said operator to observe a graph of a product demand forecast, generated by a software algorithm and shown on a display of a graphical user interface, b. said method also allowing said operator to edit parameters used within said software algorithm by employing any of a series of predefined markings or symbols, understood by said software algorithm, which may be drawn by said operator on said display of said graphical user interface, c. said method also allowing said operator to quickly rerun said software algorithm, for a given product, after having edited said parameters used by said software algorithm for determining said product demand forecast.
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Abstract
An improved process for forecasting product demand to be used within inventory management and/or production planning systems. This improved process overcomes the limitations of the prior art by providing an optimal combination of automated statistical data processing and human intelligence, in one interactive system. The new method provides an efficient means for an operator to incorporate much information, known to the operator, that would otherwise be missed by the systems of the prior art. It allows the operator to analyze information very quickly by viewing graphs drawn on a graphical user interface and to make changes very quickly using that same graphical user interface. The method relies on the use of edit markings/symbols drawn on the display portion of the graphical user interface. These edit markings/symbols are used to make changes to the parameters forming the basis for a product demand forecast. The markings/symbols are recognized by the forecast software algorithm and a new forecast is generated based on the revised parameters.
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Citations
11 Claims
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1. An improved method for more quickly and accurately establishing a forecast of future demand for a product comprising an interactive process between a human operator and automated data processing hardware and software;
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a. said method allowing said operator to observe a graph of a product demand forecast, generated by a software algorithm and shown on a display of a graphical user interface, b. said method also allowing said operator to edit parameters used within said software algorithm by employing any of a series of predefined markings or symbols, understood by said software algorithm, which may be drawn by said operator on said display of said graphical user interface, c. said method also allowing said operator to quickly rerun said software algorithm, for a given product, after having edited said parameters used by said software algorithm for determining said product demand forecast. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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Specification