Inventory management system and method

• US 20040254862A1
• Filed: 06/14/2004
• Published: 12/16/2004
• Est. Priority Date: 06/13/2003
• Status: Abandoned Application

• Current Assignee: Hon Hai Precision Industry Co., Ltd.
• Original Assignee: Hon Hai Precision Industry Co., Ltd.
• Inventors: Wu, XiaoRong, Zhang, Wei, Luo, Sheng Chi
• Application Number:
  US10/867,989
• Publication Number:
  US 20040254862A1
• Time in Patent Office: Days
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

An inventory management system includes a plurality of client computers (6), a database server (4) comprising a database (40) for storing inventory information, an application server (2) for monitoring and managing inventory, and a network (5) interconnecting all the above entities. The application server includes a basic data maintenance module (21) provided for maintaining inventory information stored in the database; a data analyzing module (22) provided for calculating stock ages for materials, analyzing quantities and prices for all abnormal materials, and integrating inventory information on the abnormal materials from various storage locations; and an alert module (23) provided for generating alerts according to the integrated inventory information on the abnormal materials. A related inventory management method is also disclosed.

Claims

1. An inventory management system for calculating stock ages for materials and generating alerts according to information on abnormal materials, the inventory management system comprising:

a database server comprising a database for storing inventory information, said inventory information including item numbers, material names, quantities and prices for various materials, storage locations, stock ages, supplier names, and names of users of the materials; and

an application server for monitoring and managing inventory, the application server comprising;

a data analyzing module provided for calculating stock ages for materials, analyzing quantities and prices for abnormal materials, and integrating inventory information on the abnormal materials from various storage locations; and

an alert module provided for generating alerts according to the integrated inventory information on the abnormal materials.

2. The inventory management system as claimed in claim 1, further comprising a basic data maintenance module provided for maintaining inventory information stored in the database.

3. The inventory management system as claimed in claim 1, wherein the data analyzing module comprises:

a stock age analyzing sub-module for calculating stock ages for various materials according to their respective stock receipt times, stock dispatch times, and current times;

an inventory quantity analyzing sub-module for obtaining inventory quantities of abnormal materials from the database;

a material price analyzing sub-module for obtaining prices of abnormal materials from the database;

an inventory information integrating sub-module for integrating inventory information on abnormal materials from various storage locations; and

a report generating sub-module for exporting information to various electronic documents.

4. The inventory management system as claimed in claim 1, wherein the data analyzing module is also for generating statistical reports about materials having abnormal stock ages.

5. A computer-based inventory management method for calculating stock ages for materials and generating alerts according to information on abnormal materials, the method comprising the steps of:

calculating stocks ages for various materials;

determining whether any materials are abnormal, by comparing the calculated stock ages with their respective standard stock ages;

obtaining inventory quantities for any one or more abnormal materials;

obtaining prices for the abnormal materials;

integrating inventory information on the abnormal materials from various storage locations;

generating one or more statistical reports according to the integrated inventory information; and

generating alerts according to the statistical reports.

6. The inventory management method as claimed in claim 5, wherein stock age is calculated by subtracting a stock receipt time from a stock dispatch time when a material has been dispatched from a warehouse, and by subtracting a stock receipt time from a current time when a material is still in a warehouse.

7. The inventory management method as claimed in claim 5, wherein an abnormal material is defined as a material whose stock age is greater than a standard stock age.

8. A computer-based inventory management method for calculating stock ages for materials and generating alerts according to information on abnormal materials, the method comprising the steps of:

calculating stocks ages for various materials;

determining whether any materials are abnormal, by comparing the calculated stock ages with their respective standard stock ages;

obtaining inventory quantities for any one or more abnormal materials;

integrating inventory information on the abnormal materials from various storage locations;

generating one or more statistical reports according to the integrated inventory information; and

generating alerts according to the statistical reports.