Inventory Equalization System

• US 20080027836A1
• Filed: 08/10/2007
• Published: 01/31/2008
• Est. Priority Date: 01/27/2006
• Status: Abandoned Application

• Current Assignee: Inter Store Stock Balancing Incorporated
• Original Assignee: Inter Store Stock Balancing Incorporated
• Inventors: Chapin, Christopher
• Application Number:
  US11/837,381
• Publication Number:
  US 20080027836A1
• 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

Abstract

A Business Method by which otherwise independent nodes of a distribution system can interact via an internet website or other means to equalize inventory to their mutual benefit and profit, with the Business Method Practitioner operating the mechanism and retaining a percentage of each transaction as a fee for the service provided. In the retail world for which the Business Method is primarily intended, this has the collateral benefits of reducing the percentage of overstock goods sold at a discount and understock goods purchased at a premium, raising the overall profitability of the industry served, protecting branding, and improving performance of individual nodes of the market and of the overall market.

Claims

1. An in silico enabled inventory management system, the system comprising:

(a) at least two nodes;

(b) a communication means; and

(e) an exchange processing means,

wherein the nodes communicate an inventory data to the inventory management system, and the communicated inventory data is compared by the exchange processing means for compatibility and compatible matches are communicated back to the nodes.

2. The system of claim 1 wherein the at least two nodes are businesses dealing with inventory and having mis-stock of inventory.

3. The system of claim 2 wherein each of the at least two nodes comprises retailers, suppliers, manufacturers or distributors.

4. The system of claim 3 wherein each of the at least two nodes comprises retailers.

5. The system of claim 1 wherein the communication means is a means comprising a computer and monitor, a telephone, a facsimile machine and combinations thereof.

6. The system of claim 5 wherein the communication means is a computer and monitor linked to the internet.

7. The system of claim 5 wherein the communication means further comprises a data input means and a data receipt means.

8. The system of claim 7 wherein the data input means comprises a computer keyboard, a microphone or a scanner and the data receipt means comprises a computer monitor, a speaker or a printer.

9. The system of claim 5 wherein the communication means employed by one of the nodes of at least two nodes is a different communication means than is employed by another node of the at least two nodes.

10. The system of claim 1 wherein the at least two nodes communicate inventory data to the exchange processing means.

11. The system of claim 10 wherein the at least two nodes communicates a stock keeping unit as the inventory data to the exchange processing means.

12. The system of claim 1 wherein the exchange processing means comprises an inventory data storage function, an inventory data comparison function and a comparison communication function for receiving and comparing inventory data.

13. The system of claim 12 wherein the exchange processing means further comprises a complementary match ranking function for communicating the most relevant complementary match to at least one node of the at least two nodes.

14. The system of claim 12 wherein the exchange processing means further comprises a transaction management function for orchestrating payment and inventory shipping by and between nodes determined to have complementary matching inventory.

15. The system of claim 1 wherein the identity of the nodes of the at least two nodes is withheld.

16. The system of claim 1 wherein the nodes of the at least two nodes are authorized to deal with the inventory.

17. A method for managing inventory using the system of claim 1.

18. An in silico implemented method of managing inventory comprising the steps of:

(a) having at least two nodes;

(b) communicating mis-stocked inventory data to an inventory management system;

(c) comparing inventory data communicated by the at least two nodes using the inventory management system;

(d) communicating complimentarily matched inventory data to the at least two nodes by the inventory management system.

19. The inventory management method of claim 18 further comprising the step of:

(a) facilitating a transaction between the at least two nodes that have been determined to have complementarily matching mis-stocked inventory data using the inventory management system.

20. The inventory management method of claim 18 further comprising the step of:

(a) managing the nodes of at least two nodes using the inventory management system.

21. The inventory management method of claim 20 wherein the step of managing the nodes comprises maintaining the identity of the nodes in private.

22. The inventory management method of claim 20 wherein the step of managing the nodes comprises authenticating the node.

23. The inventory management method of claim 18 wherein the nodes of the at least two nodes are businesses dealing with inventory and having mis-stock of a particular inventory.

24. The inventory management method of claim 23 wherein the step of communicating mis-stocked inventory data between the at least two nodes and the inventory management system uses a communication means comprising a computer and monitor, a telephone, a facsimile and combinations thereof.

25. The inventory management method of claim 24 wherein the step of communicating uses a computer and monitor connected to the internet.

26. The inventory management method of claim 18 wherein the step of communicating mis-stocked inventory data to the inventory management system uses an industry-wide acceptable descriptors to identify the inventory.

27. The inventory management method of claim 26 wherein the step of communicating mis-stocked inventory data to the inventory management system uses a stock keeping unit to identify the inventory.

28. The inventory management method of claim 18 wherein the step of comparing inventory data further comprises a function for ranking complementarily matched inventory data.

29. The inventory management method of claim 18 wherein the step of communicating complimentary matched data between the inventory management system and the at least two nodes comprises a telephone, a computer and monitor, a facsimile and combinations thereof.

30. The inventory management method of claim 29 wherein the step of communicating uses a computer and monitor connected to the internet.

31. An internet based inventory management method comprising the steps of:

(a) having at least two retailers in the shoe retail business connected to an inventory management system;

(b) communicating mis-stock of shoe inventory to the inventory management system using a computer and monitor that accesses the inventory management system via the internet;

(c) comparing the communicated mis-stock of shoe inventory to determine complementarily matched mis-stock of shoe inventory; and

(d) communicating the complementarily matched mis-stock of shoe inventory to the corresponding retailers of the at least two retailers using the internet.