System and method for managing inventory

• US 20030212614A1
• Filed: 11/25/2002
• Published: 11/13/2003
• Est. Priority Date: 05/09/2002
• Status: Abandoned Application

• Current Assignee: Hon Hai Precision Industry Co., Ltd.
• Original Assignee: Hon Hai Precision Industry Co., Ltd.
• Inventors: Zhang, Tao, Shen, Hao, Tsao, Feng-Chia, Chu, Tang Hao
• Application Number:
  US10/304,419
• Publication Number:
  US 20030212614A1
• Time in Patent Office: Days
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

A system and method for managing inventory automatically monitors inventory amounts, provides information concerning inventory, and automatically adjusts an inventory replenishment schedule. The system includes: an inventory control unit (1) having: an inventory server (10), for controlling receipt, dispatch and storage of inventory, for integrating information received from suppliers and customers with information on current inventory amounts, and for determining if current inventory should be replenished; an inventory database (12) for storing information on suppliers, customers and inventory status; and a web server (13) for handling inquiries. A current amount of inventory is periodically monitored, and an inventory warning report is automatically generated when the amount of inventory is outside a safe range of amounts. The report is sent to the corresponding supplier, customer and/or other relevant staff by E-mail. When the supplier information system receives the report, the supplier information system automatically adjusts an inventory replenishment schedule accordingly.

Claims

1. A system for managing inventory, the system comprising:

an inventory control unit for controlling receipt, dispatch and storage of inventory at a warehouse, the inventory control unit comprising;

an inventory server comprising an EDI transceiver for exchanging EDI information and for recording receipt, dispatch and storage of inventory;

a web server for handling customer inquiries and providing inventory status information; and

an inventory database respectively connected with the inventory server and the web server, for storing information on suppliers, customers and inventory status, and for responding to requests from the inventory server and the web server;

a supplier information system comprising an EDI transceiver for exchanging EDI information; and

a customer information system comprising an EDI transceiver for exchanging EDI information.

2. The system for managing inventory according to claim 1, further comprising an E-mail server connected with the inventory database for transmitting information in the inventory database to the supplier information system and the customer information system.

3. The system for managing inventory according to claim 1, further comprising at least one supplier browser for at least one supplier to visit the web server and request information from the web server.

4. The system for managing inventory according to claim 1, further comprising at least one customer browser for at least one customer to visit the web server and request information from the web server.

5. The system for managing inventory according to claim 1, wherein the inventory control unit further comprises at least one client computer for collecting information on received inventory via a bar code scanner.

6. The system for managing inventory according to claim 1, wherein the inventory server further comprises an inventory receiving module for dealing with operation information involved in receiving inventory at the warehouse, an inventory dispatching module for dealing with operation information involved in dispatching inventory from the warehouse, an inventory storing module for controlling internal inventory operations, and a special operating module for performing special operations.

7. The system for managing inventory according to claim 1, wherein the EDI information comprises inventory purchase information, shipping advice information, conformation of receipt information, inventory receipt acknowledgment information, and inventory storage information.

8. The system for managing inventory according to claim 2, wherein the information transmitted by the E-mail server is an inventory warning report.

9. The system for managing inventory according to claim 2, wherein the information transmitted by the E-mail server is an inventory storage duration report.

10. A method for managing inventory, the method comprising the steps of:

(a) setting a safe range of amount of inventory for respective kinds of inventory;

(b) transmitting the safe range information to an inventory control unit;

(c) monitoring current amounts of inventory periodically for respective kinds of inventory;

(d) comparing current amounts of inventory with the safe range information;

(e) determining whether the current amounts of inventory are within the respective safe ranges;

(f) returning to step (c) if the current amounts of inventory are within the respective safe ranges;

(g) generating an inventory warning report automatically via the inventory control unit if a current amount of inventory is not within its respective safe range; and

(h) transmitting the inventory warning report.

11. The method for managing inventory according to claim 10, wherein in step (h) the transmitting is done by way of E-mail.

12. The method for managing inventory according to claim 10, wherein in step (h) the report is transmitted to at least one supplier, at least one customer, and/or any other concerned person.

13. The method for managing inventory according to claim 10, further comprising the step of:

adjusting an inventory replenishment schedule according to the inventory warning report.

14. The method for managing inventory according to claim 10, wherein the safe range is set according to manufacturing schedules and a historical status of utilization of respective kinds of inventory.

15. The method for managing inventory according to claim 13, wherein the step of adjusting an inventory replenishment schedule comprises the step of:

increasing a frequency of inventory replenishment.

16. The method for managing inventory according to claim 13, wherein the step of adjusting an inventory replenishment schedule comprises the step of:

decreasing a frequency of inventory replenishment.

17. A method of managing inventory comprising steps of:

(1) setting a time period to evaluate inventory amount according to transaction frequency;

for each evaluation the method including the steps of;

(2) setting a safe range of amount of inventory for each respective inventory according to transaction frequency;

(3) comparing a current amount of a specific inventory with the corresponding safe range;

(4) repeating step (3) if the current amount is within the safe range, or if not,

(5) automatically generating a warning report for replenishment and transmitting said report to an inventory manager.