Method and system for collaboratively managing inventory

• US 20070038323A1
• Filed: 08/09/2005
• Published: 02/15/2007
• Est. Priority Date: 08/09/2005
• Status: Abandoned Application

• Current Assignee: Eric Moss, Gregory Slocum, Joel Cox
• Original Assignee: Eric Moss, Gregory Slocum, Joel Cox
• Inventors: Cox, Joel, Slocum, Gregory, Moss, Eric
• Application Number:
  US11/200,321
• Publication Number:
  US 20070038323A1
• Time in Patent Office: Days
• US Class Current: 700/99
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

A method for automating the replenishing of inventory comprising the steps of storing current inventory level of a product at a receiving plant, storing a reserve level value of the product, storing the consumption rate of the product, storing the inventory level of shipments of the product in transit to the receiving plant, storing the inventory level of pending shipments of the product to the receiving plant, calculating a projected daily inventory level of the product at the receiving plant for a plurality of days, calculating a date when the projected daily inventory level falls below the reserve level, and calculating a date when a replenishing order for the product is to be scheduled.

Claims

1. A method for automating the replenishing of inventory comprising the steps of:

storing current inventory level of a product at a receiving plant;

storing a reserve level value of said product;

storing the consumption rate of said product;

storing the inventory level of shipments of said product in transit to said receiving plant;

storing the inventory level of pending shipments of said product to said receiving plant;

calculating a projected daily inventory level of said product at said receiving plant for a plurality of days;

calculating a first date when said projected daily inventory level falls below said reserve level; and

calculating a second date when a replenishing order for said product is to be scheduled.

2. The method of claim 1, further comprising the step of automatically ordering a shipment of said product on said second date.

3. The method of claim 1, further comprising the steps of:

generating a proposed order for shipment of said product on said first date;

calculating a new projected daily inventory level of said product at said receiving plant for said date based on said proposed order;

comparing said new projected daily inventory level to a predetermined overstock inventory level; and

generating a plurality of smaller orders at different times whereby the material of the proposed order is spread out over time using multiple smaller shipments, rather than one larger shipment.

4. The method of claim 1, further comprising the steps of:

generating a proposed order for shipment of said product on said first date;

comparing quantity of said proposed order to an integral amount of shipping container capacity; and

combining the pending shipments in at least one shipping container when said quantity of said proposed order is not an integral amount of shipping container capacity whereby the amount of empty cargo space in shipping containers is reduced.

5. The method of claim 4, wherein the step of combining pending shipments further comprises:

identifying orders within a first shipping plant to combine with said proposed order;

identifying orders within at least one additional shipping plant within a predetermined distance to said first shipping plant to combine with said proposed order;

shipping orders from each said additional shipping plant to said first shipping plant to form a combined shipment; and

shipping said combined shipment from said first shipping plant to said receiving plant.

6. A system for automating the replenishing of inventory comprising:

at least one inventory server computer, each said at least one server computer connected to a communication network;

at least one inventory client computer, each of said at least one client computer connected to said communication network;

said at least one server computer further comprising;

means for storing current inventory level of a product at a receiving plant;

means for storing a reserve level value of said product;

means for storing the consumption rate of said product;

means for storing the inventory level of shipments of said product in transit to said receiving plant;

means for storing the inventory level of pending shipments of said product to said receiving plant;

means for calculating a projected daily inventory level of said product at said receiving plant for a plurality of days;

means for calculating a first date when said projected daily inventory level falls below a reserve level; and

means for calculating a second date at which a replenishing order for said product is to be scheduled.

7. The system of claim 6, wherein each said client computer has means for indicating a graphical representation of a projected daily inventory level of said product at said receiving plant for a plurality of days.

8. The system of claim 6, further comprising means for automatically scheduling an order on said second date at which a replenishing order for said product is to be scheduled.

9. A system for automating the replenishing of inventory comprising:

means for storing current inventory level of a product at a receiving plant;

means for storing a reserve level value of said product;

means for storing the consumption rate of said product;

means for storing the inventory level of shipments of said product in transit to said receiving plant;

means for storing the inventory level of pending shipments of said product to said receiving plant;

means for calculating a projected daily inventory level of said product at said receiving plant for a plurality of days;

means for calculating a first date when said projected daily inventory level falls below said reserve level; and

means for calculating a second date when a replenishing order for said product is to be scheduled.

10. The system of claim 9, further comprising means for automatically ordering a shipment of said product on said second date.

11. The system of claim 9, further comprising:

means for generating a proposed order for shipment of said product on said first date;

means for calculating a new projected daily inventory level of said product at said receiving plant for said date based on proposed order;

means for comparing said new projected daily inventory level to a predetermined overstock inventory level; and

means for generating a plurality of smaller orders at different times;

whereby the material of the proposed order is spread out over time using multiple smaller shipments, rather than one larger shipment.

12. The system of claim 9, further comprising:

means for generating a proposed order for shipment of said product on said date;

means for comparing quantity of said proposed order to an integral amount of shipping container capacity; and

means for combining pending orders in at least one shipping container when said quantity of said proposed order is not an integral amount of shipping container capacity;

whereby the amount of empty cargo space in shipping containers is reduced.

13. The system of claim 9, wherein the means for combining pending orders further comprises:

means for identifying orders within a first shipping plant to combine with said proposed order;

means for identifying orders within at least one additional shipping plant within a predetermined distance to said first shipping plant to combine with said proposed order;

means for shipping orders from each said additional shipping plant to said first shipping plant to form a combined shipment; and

means for shipping said combined shipment from said first shipping plant to said receiving plant.