Demand and order-based process flow for vendor managed inventory
First Claim
1. A method of demand and order-based inventory management of a customer facility in a vender managed inventory environment, comprising receiving and entering a customer purchase order for a product;
- scheduling said order and requesting materials to complete said order;
manufacturing and shipping said product to said customer facility;
monitoring customer inventory by a vendor of said product to determine if said customer inventory is below a threshold value; and
if said customer inventory is below said threshold value, sending a request to said customer facility for the issuance of a customer purchase order for additional units of said product to maintain said customer inventory above said threshold level.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods of demand and order-based inventory management of a customer facility in a vender managed inventory environment. The methods include receiving and entering a customer purchase order for a product. The order is scheduled and materials are requesting to complete the order. Next, the product is manufactured and shipped to the customer facility. Customer inventory levels are monitored by a vendor to determine if the customer inventory is below a threshold value. If the customer inventory is below the threshold value, a request is sent by the vendor to the customer facility for the issuance of a customer purchase order for additional units of the product to maintain the customer inventory above the threshold level.
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Citations
20 Claims
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1. A method of demand and order-based inventory management of a customer facility in a vender managed inventory environment, comprising
receiving and entering a customer purchase order for a product; -
scheduling said order and requesting materials to complete said order;
manufacturing and shipping said product to said customer facility;
monitoring customer inventory by a vendor of said product to determine if said customer inventory is below a threshold value; and
if said customer inventory is below said threshold value, sending a request to said customer facility for the issuance of a customer purchase order for additional units of said product to maintain said customer inventory above said threshold level. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method of usage-based and order-based inventory management of a customer facility, comprising
receiving customer activity data related to usage of a product by the customer; -
forecasting future requirements for said product;
scheduling an order for said product and requesting materials in accordance with forecasted requirements; and
manufacturing and shipping said product to said customer facility in accordance with said forecasted requirements for said product. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A method of vendor managed inventory management, comprising:
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receiving usage data from a customer related to a product;
forecasting future product needs in accordance with said usage data;
creating a replenishment plan in accordance with forecasted product needs;
determining, by a vendor of said product, customer on-hand inventory based on said product usage data; and
determining, by said vendor of said product, new orders based on said replenishment plan and said on-hand inventory. - View Dependent Claims (18, 19, 20)
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Specification