AUTOMATED ORDER BOOK RECONCILIATION PROCESS

• US 20070055575A1
• Filed: 08/10/2005
• Published: 03/08/2007
• Est. Priority Date: 08/10/2005
• Status: Abandoned Application

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Lukes, Richard, Phelan, Michael, McDonald, Stephen, Ferreri, Anthony
• Application Number:
  US11/161,629
• Publication Number:
  US 20070055575A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

Methods, systems and apparatus for determining a current state of an order book for order request reconciliation. A customer inputs an order request for a desired quantity of items to be shipped to a recipient into the system. A supplier inputs a shipment quantity of any such previously shipped items into an input table, while a recipient inputs into another table a receipt quantity of any such received items. These input shipment and receipt quantities are then transmitted to a reconciliation program of the system for determining an in-transit quantity that is used along with the receipt quantity to generate an updated, current state of the order book. This current state of the order book substantially avoids any over-shipments, under-shipments and unwanted inventory returns. A Materials Requirement Planning component then generates an order book reconciliation output table for viewing by users using the current state of the order book.

Claims

1. A method of determining a current state of an order book for order request reconciliation comprising:

inputting an order request for a desired quantity of items;

inputting a shipment quantity of previously shipped said items;

inputting a receipt quantity of received said previously shipped items;

determining an in-transit quantity of said items using said shipment quantity and said receipt quantity; and

generating a current state of an order book by calculating a remainder quantity of said items needed to equal said desired quantity of items in said order request using said in-transit quantity and said receipt quantity.

2. The method of claim 1 wherein said inputting steps further comprise:

a customer inputting said order request for said desired quantity of items to be shipped to a recipient;

a supplier inputting said shipment quantity of said items shipped to said recipient; and

said recipient inputting said receipt quantity of said items already received.

3. The method of claim 2 wherein said customer comprises said recipient.

4. The method of claim 2 wherein said recipient comprises a third entity receiving party.

5. The method of claim 2 wherein said supplier is selected from the group consisting of an inter-enterprise wide supplier, an intra-enterprise wide supplier and combinations thereof.

6. The method of claim 2 wherein said supplier inputs said shipment quantity into a shipped inventory data table along with shipped inventory data selected from the group consisting of site shipments, segment length, site shipment location, site shipment group, plant interface code, an item identifier, order location, customer number code, order number group, order number, line item number, delivery schedule line number, number of shipment buckets, shipment bucket identifiers, date shipped, and combinations thereof.

7. The method of claim 2 wherein said recipient inputs said receipt quantity into an received inventory table along with received shipment data selected from the group consisting of site shipments, segment length, site shipment location, site shipment group, plant interface code, an item identifier, order location, customer number code, order number group, order number, line item number, delivery schedule line number, number of shipment buckets, shipment bucket identifiers, date shipped, and combinations thereof.

8. The method of claim 1 further including the step of transmitting said input shipment quantity and said input receipt quantity to a reconciliation program for determining said in-transit quantity of said items by balancing said shipment quantity against said receipt quantity.

9. The method of claim 8 wherein said reconciliation program automatically generates said current state of said order book.

10. The method of claim 9 further including the step of transmitting said current state of said order book to a Materials Requirement Planning component for generating an order book reconciliation output table for viewing by users.

11. The method of claim 10 said order book reconciliation output table includes displays selected from the group consisting of item numbers, shipping location, customer location, vendor number, a quantity of items currently in transit to a designated recipient that could be used to fill an order request, a quantity of items already received by such recipient that could be used to fill the order request, a remaining quantity of such items needed to fulfill and complete the order request, and combinations thereof.

12. The method of claim 1 wherein said current state of said order book substantially avoids any over-shipments, under-shipments and unwanted inventory returns.

13. The method of claim 1 wherein said current state of said order book is generated systematically in real-time.

14. The method of claim 1 wherein said current state of said order book is generated at a time of requesting said order request.

15. The method of claim 14 further including refreshing said current state of said order book subsequent to said time of requesting said order request.

16. The method of claim 15 wherein said current state of said order book is refreshed using updates to said shipment quantity and updates to said receipt quantity from said time of requesting said order request until a later time of submitting said order request.

17. The method of claim 15 wherein said current state of said order book is refreshed manually.

18. The method of claim 15 wherein said current state of said order book is refreshed automatically prior to accepting said order request.

19. A system for determining a current state of an order book for order request reconciliation comprising:

a first input table for inputting a shipment quantity of previously shipped items relating to an order request for a desired quantity of said items;

a second input table for inputting a receipt quantity of received said previously shipped items;

a reconciliation program for automatically determining an in-transit quantity of said items based on said shipment quantity and said receipt quantity, and then determining a current state of an order book by calculating a remainder quantity of said items needed to equal said desired quantity of items in said order request using said in-transit quantity and said receipt quantity; and

a Materials Requirement Planning component for generating an order book reconciliation output table for viewing by users.

20. A program storage device readable by a processor capable of executing instructions, tangibly embodying a program of instructions executable by the processor to perform method steps for determining a current state of an order book for order request reconciliation, said method steps comprising:

inputting an order request for a desired quantity of items;

inputting a shipment quantity of previously shipped said items;

inputting a receipt quantity of said previously shipped items;

determining an in-transit quantity of said items using said shipment quantity and said receipt quantity; and

generating a current state of an order book by calculating a remainder quantity of said items needed to equal said desired quantity of items in said order request using said in-transit quantity and said receipt quantity.