Inventory management method, system, and computer program

• US 20060195370A1
• Filed: 02/11/2005
• Published: 08/31/2006
• Est. Priority Date: 02/11/2005
• Status: Abandoned Application

• Current Assignee: SP Holdings Plc
• Original Assignee: SP Holdings Plc
• Inventors: Howarth, Christopher
• Application Number:
  US11/056,569
• Publication Number:
  US 20060195370A1
• 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
• CPC Class Codes: G06Q 10/0875 Itemisation or classification of parts, supplies or services, e.g. bill of materials

Abstract

A method for identifying on-shelf availability of inventory items is provided. The method can comprise: collecting sales information comprising a Stock Keeping Unit (SKU), a sale date, and a sale quantity, from one or more sources; aggregating the sales information by calculating two or more measures comprising at least an expected sales quantity and an out-of-stock measure; completing a plurality of sales records from the aggregated sales information, the plurality of sales records corresponding to each inventory item by SKU, sale date, and source-identification; and storing the plurality of sales records. The method can comprise reporting the one or more fields of at least one of the plurality of sales records. A system and computer program code implementing a method, are also provided.

Claims

1. A method for identifying on-shelf availability of inventory items, the method comprising:

collecting sales information comprising a Stock Keeping Unit (SKU), a sale date, and a sale quantity, from one or more sources;

aggregating the sales information by calculating two or more measures comprising at least an expected sales quantity and an out-of-stock measure;

completing a plurality of sales records from the aggregated sales information, the plurality of sales records corresponding to each inventory item by SKU, sale date, and source-identification; and

storing the plurality of sales records.

2. The method of claim 1, wherein the aggregating the sales information by calculating the two or more measures comprises computing at least one of a fixed average, a cumulative average, and a rolling average, based on a time period for which transactional history data is provided by the plurality of sales records.

3. The method of claim 1, wherein the aggregating the sales information by calculating the two or more measures comprises computing a standard deviation based on a day of the week for a time period for which transactional history data is provided by the plurality of sales records.

4. The method of claim 3, where the standard deviation (Δ

) is computed by the formula;

Δ

=√

{square root over (Σ

(x−

□

)²/(n−

1) )}

where x is a mean daily average, □

is a sample value, and n is a sample size.

5. The method of claim 1, where the two or more measures comprises at least two of Average Daily Sales Value, Average Daily Sales Volume, Count Of Weeks Averaged, Average Weekly Sales Value, Average Weekly Sales Volume, Mean−

x% Value, Mean−

x% Volume, Standard Deviation Volume, Base Value Sales, Base Volume Sales, Inactive Distribution, Count of Inactive Distribution Week—

without ranging data, Count of Inactive Distribution Weeks—

with ranging data, Lost Sales Value due to Inactive Distribution, Lost Sales Volume due to Inactive Distribution, Lost Distribution, Count of Lost Distribution Weeks—

without ranging data, Count of Lost Distribution Weeks—

with ranging data, Lost Sales Value due to Lost Distribution, Lost Sales Volume due to Inactive Distribution, Short Term Offsales, Daily Gunned Offsale Flag, Count of Short Term Offsales (Ungunned), Lost Sales Value due to Short Term Offsales (Ungunned), Lost Sales Volume due to Short Term Offsales (Ungunned), Zero Sales Days (ZSD), Count of ZSDs, Lost Sales Value due to ZSDs, Equivalent Stores ZSD, Other Summary Measures, Sales Lost Out of Stock %, Lost Sales Opportunity, Total Lost Sales Opportunity Value, or a combination thereof.

6. The method of claim 1, wherein the plurality of sales records comprises sales records for 12 weeks or less.

7. The method of claim 1, wherein the plurality of sales records comprises sales records for a year, a quarter of a year, a half of a year, or a month.

8. The method of claim 1, wherein the plurality of sales records comprises sales records for a time period defining a holiday season.

9. The method of claim 1, wherein the plurality of sales records comprises sales records for from about 13 weeks to about 52 weeks.

10. The method of claim 1, wherein the plurality of sales records comprises sales records for more than about 52 weeks.

11. The method of claim 1, wherein each of the plurality of sales records comprises two or more fields and the method further comprises reporting at least one of the plurality of sales records.

12. The method of claim 11, wherein the one or more fields comprises at least one of a sale store-identification, an inventory item manufacturer, an inventory item brand, an inventory item category, an inventory item sub-category, an inventory item sub-sub-category, an inventory item supplier identification, an inventory item brand, an inventory item brand, an inventory item brand, or a combination thereof.

13. The method of claim 11, wherein the reporting comprises using a graphical representation of the one or more fields to formulate a report.

14. The method of claim 11, wherein the reporting comprises selecting a subset of the plurality of sales records.

15. The method of claim 11, wherein the reporting comprises summarizing a subset of the plurality of sales records by aggregating the subset of the plurality of sales record across at least one of the one or more fields.

16. The method of claim 11, wherein the reporting comprises sorting a subset of the plurality of sales records across at least one of the one or more fields.

17. The method of claim 1, wherein storing the plurality of records comprises storing a plurality of transactional records in one or more first set of tables of a database and storing a plurality of reference records in one or more second set of tables of the database.

18. The method of claim 17, wherein each of the plurality of transactional records comprises one or more transaction fields, each of the plurality of reference records comprises one or more reference fields, and the method further comprising:

forming a joint table by obtaining cross-multiplication product of the plurality of transactional records and the plurality of reference records; and

reporting one or more joint table fields of the joint table.

19. The method of claim 1, wherein the one or more sources comprises a manufacturer, a plurality of distribution channels for a manufacturer, a store, a plurality of stores under an umbrella organization, a plurality of stores under a plurality of umbrella organizations, a brand, a plurality of brands, or a combination thereof.

20. The method of claim 1, further comprising managing on-shelf availability of inventory items according to the two or more measures for at least one of the one or more sources.

21. The method of claim 20, wherein managing comprises at least one of performing a root-cause analysis, identifying a SKU specific issue, augmenting inventory of a SKU, recounting inventory of a SKU, adjusting shelf-space of a SKU, or a combination thereof.

22. The method of claim 1, further comprising comparing inventory items sales performance of a test store against a control store wherein the control store comprises a store where no corrective action based on for identifying on-shelf availability of inventory items has been taken and the test store comprises a store where corrective action based on for identifying on-shelf availability of inventory items has been taken.

23. A method for identifying on-shelf availability of inventory items, the method comprising:

collecting sales information comprising a Stock Keeping Unit (SKU), a sale date, and a sale quantity, from at least one source;

aggregating the sales information by calculating two or more measures comprising at least an expected sales quantity and an out-of-stock measure;

completing a plurality of sales records from the aggregated sales information, the plurality of sales records corresponding to each inventory item by SKU, sale date, and source-identification, wherein each of the plurality of sales records comprises one or more fields; and

reporting at least one of the plurality of sales records.

24. A system for identifying on-shelf availability of inventory items, the system comprising:

at least one information source module adapted to collect sales information comprising a Stock Keeping Unit (SKU), a sale date, and a sale quantity, from at least one source;

a calculation module coupled to the at least one information source module and adapted to aggregate the sales information by calculating two or more measures comprising at least an expected sales quantity and an out-of-stock measure;

a record composing unit coupled to the calculation module and adapted to complete a plurality of sales records from the aggregated sales information, the plurality of data records corresponding to each inventory item by SKU, sale date, and source-identification; and

a data manager coupled to the record composing unit and adapted to store the plurality of sales records.

25. A computer program product for identifying on-shelf availability of inventory items, the computer program product comprising:

computer code for collecting sales information comprising a Stock Keeping Unit (SKU), a sale date, and a sale quantity, from at least one source;

computer code for aggregating the sales information by calculating two or more measures comprising at least an expected sales quantity and an out-of-stock measure;

computer code for completing a plurality of sales records from the aggregated sales information, the plurality of data records corresponding to each inventory item by SKU, sale date, and source-id; and

computer code for storing the plurality of sales records.

26. The computer program product of claim 25, further comprising computer code adapted to define a report utilizing a graphical user interface by:

listing a plurality of available measures prior to end-user reporting, and

allowing a user to choose at least one of the two or more measures.