Vendor Managed Inventory Liability Tracking Automation
First Claim
1. A method of monitoring both customer/vendor liability in a supply contract where the customer provides a forecast and the supplier responds to that forecast committing assets/resources for satisfaction of that forecast over multiple forecasting cycles, comprising the steps of:
- transmitting by the customer at intervals of a cycle period a forecast vector specifying the customer'"'"'s desired purchases covering a forecast period;
responding by the manufacturer a response vector specifying the manufacturer'"'"'s committed supply covering said forecast period;
in which;
both the customer'"'"'s obligation to buy and the manufacturer'"'"'s obligation to supply are calculated over a set of at least two request vectors and at least two response vectors.
1 Assignment
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Accused Products
Abstract
A method of monitoring both customer/vendor liability in a supply contract where the customer provides a forecast and the supplier responds to that forecast committing assets/resources for satisfaction of that forecast over multiple forecasting cycles, comprising measuring liability over a set of transactions instead of per transaction basis; assigning Liability measure to both manufacturer and customer instead of just one or the other; aligning liability with financial reporting cycles; introducing a concept of Liability aging to allow for delayed fulfillment of liability over multiple periods.
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Citations
20 Claims
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1. A method of monitoring both customer/vendor liability in a supply contract where the customer provides a forecast and the supplier responds to that forecast committing assets/resources for satisfaction of that forecast over multiple forecasting cycles, comprising the steps of:
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transmitting by the customer at intervals of a cycle period a forecast vector specifying the customer'"'"'s desired purchases covering a forecast period;
responding by the manufacturer a response vector specifying the manufacturer'"'"'s committed supply covering said forecast period;
in which;
both the customer'"'"'s obligation to buy and the manufacturer'"'"'s obligation to supply are calculated over a set of at least two request vectors and at least two response vectors. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 17, 18, 19, 20)
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9. A system for monitoring both customer/vendor liability in a supply contract where the customer provides a forecast and the supplier responds to that forecast committing assets/resources for satisfaction of that forecast over multiple forecasting cycles, comprising:
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means for transmitting by the customer at intervals of a cycle period a forecast vector specifying the customer'"'"'s desired purchases covering a forecast period;
means for responding by the manufacturer a response vector (p10) specifying the manufacturer'"'"'s committed supply covering said forecast period;
in which;
both the customer'"'"'s obligation to buy and the manufacturer'"'"'s obligation to supply are calculated over a set of at least two request vectors and at least two response vectors. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification