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Inventory management system

  • US 20030216969A1
  • Filed: 01/23/2003
  • Published: 11/20/2003
  • Est. Priority Date: 01/23/2002
  • Status: Active Grant
First Claim
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1. A method for managing an inventory of items, each item being positioned in a respective location within an environment and being associated with a corresponding wireless identification device, the method comprising:

  • providing item information associated with each item to each corresponding wireless identification device; and

    performing an inventory management process based on the item information to provide real time information associated with the inventory of items, the inventory management process including at least one of;

    an out of stock control process;

    a shrinkage recognition process, a rapid product recall process, an alert monitor process, and a sales optimization process.

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