CONSIGNMENT INVENTORY MANAGEMENT AND RECONCILIATION SYSTEM

• US 20090144178A1
• Filed: 12/15/2008
• Published: 06/04/2009
• Est. Priority Date: 03/21/2003
• Status: Abandoned Application

• Current Assignee: James Barwick, Joel Haspel
• Original Assignee: James Barwick, Joel Haspel
• Inventors: Barwick, James, Haspel, Joel
• Application Number:
  US12/335,489
• Publication Number:
  US 20090144178A1
• 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 consignment inventory management and reconciliation method and system that tracks and reconciles on-hand quality which represents consignment items that were placed at the consignment location and are physically located at the consignment location at a given time; unbilled quantity which represents consignment items which were placed at the consignment location and are not physically present at the consignment location and have not been purchased at a given time, excess quantity which represents items found at the consignment location but are not considered consignment items at a given time; and perpetual quantity which represents the consignment items which have been delivered to the consignment location at a given time.

Claims

1-31. -31. (canceled)

32. A computer-implemented method comprising:

tracking and reconciling, by the computer, first items shipped to a buyer from a seller and that are located at the buyer'"'"'s consignment inventory location;

tracking and reconciling, by the computer, second items shipped to the buyer by the seller that have not been billed by the seller and cannot be found at the buyer'"'"'s consignment inventory location; and

tracking and reconciling, by the computer, third items not shipped to the buyer by the seller, wherein the third items can be found at the buyer'"'"'s consignment inventory location and are of the same identity as items provided on consignment by the seller to the buyer.

33. The method of claim 32, further comprising:

tracking the amounts of the first items, the second items, and the third items over time.

34. The method of claim 32, wherein tracking the first items, the second items, and the third items includes tracking at least one of an item number, an item lot number, and an item expiry date of the first items, the second items, and the third items.

35. The method of claim 34, wherein tracking the first items, the second items, and the third items takes place whenever a transaction for any of the first items, the second items, and the third items is processed.

36. The method of claim 35, wherein the transaction is represented by a transaction description and a transaction amount.

37. The method of claim 36, wherein the transaction amount is:

zero, a positive number, or a negative number.

38. The method of claim 35, further comprising:

identifying the transaction as at least one of a bill, use, dispose, return, transfer-out, receive, transfer-in, order, set, and count.

39. The method of claim 38, further comprising:

identifying the transaction as a bill when the item is no longer at the buyer'"'"'s consignment inventory location and ownership has not been transferred from the seller to the buyer.

40. The method of claim 38, further comprising:

identifying the transaction as a use when the buyer has used the item and transferring ownership from the seller to the buyer should be initiated or has been completed.

41. The method of claim 38, further comprising:

identifying the transaction as a dispose when the item is no longer at the buyer'"'"'s consignment inventory location and the seller is writing off the item and ownership is not transferred from the seller to the buyer.

42. The method of claim 38, further comprising:

identifying the transaction as a receive when the item is physically moved from the seller to the buyer'"'"'s consignment inventory location and ownership is not transferred from the seller to the buyer.

43. The method of claim 38, further comprising:

identifying the transaction as a transfer-in when the item is physically moved to the buyer'"'"'s consignment inventory location from a third party location and ownership is not transferred from the seller to the buyer.

44. The method of claim 38, further comprising:

identifying the transaction as a return when the item is physically moved from the buyer'"'"'s consignment inventory location back to the seller and ownership is not transferred from the seller to the buyer.

45. The method of claim 38, further comprising:

identifying the transaction as a transfer-out when the item is physically moved from the buyer'"'"'s consignment inventory location to a third party location and ownership is not transferred from the seller to the buyer.

46. The method of claim 38, further comprising:

identifying the transaction as an order when an increase is made to the buyer'"'"'s consignment item quantity.

47. The method of claim 38, further comprising:

identifying the transaction as a set when a quantity of items that the seller and the buyer agree is at the buyer'"'"'s consignment inventory location and is used as a starting point for a consignment inventory on-hand quantity.

48. The method of claim 38, further comprising:

identifying the transaction as a count when a quantity of items is physically found and verified by the seller and the buyer at the buyer'"'"'s consignment inventory location.

49. The method of claim 32, further comprising:

providing a stock count of the first items, the second items and the third items; and

providing the reconciliation of the first items, the second items, and the third items takes place after a stock count process.

50. The method of claim 49, wherein the reconciliation of the second items identifies the second items as unbilled and the reconciliation of the third items identifies the third items as excess, thereby enabling the seller to track quantities of the second items and the third items over time to provide a more accurate history of the consignment inventory.

51. The method of claim 34, wherein the tracking of the item lot number and the item expiry date of the first items and the second items is used to determine which of the first and second items are approaching an expiry date.

52. The method of claim 32, further comprising:

grouping the first items in categories.

53. The method of claim 32, further comprising:

grouping the second items in categories.

54. The method of claim 32, further comprising:

grouping the third items in categories.

55. The method of claim 52, further comprising:

adjusting the first items according to one or more of the categories.

56. The method of claim 32, further comprising:

determining an inventory total as a sum of the first items and the second items less the third items.

57. A computer-implemented method comprising:

tracking and reconciling, by the computer, first items shipped to a buyer from a seller and that can be found at the buyer'"'"'s consignment inventory location; and

tracking and reconciling, by the computer, second items shipped to the buyer by the seller that have not been billed by the seller and cannot be found at the buyer'"'"'s consignment inventory location.

58. The method of claim 57, further comprising:

tracking the amounts of the first items, the second items, and the third items over time; and

determining an inventory total as a sum of the first items and the second items less the third items.

59. A computer-implemented method comprising:

tracking and reconciling, by the computer, first items shipped to a buyer from a seller and that are located at the buyer'"'"'s consignment inventory location; and

tracking and reconciling, by the computer, third items not shipped to the buyer by the seller, wherein the third items can be found at the buyer'"'"'s consignment inventory location and are of the same identity as items provided on consignment by the seller to the buyer.

60. The method of claim 59, further comprising:

tracking the amounts of the first items, the second items, and the third items over time; and

determining an inventory total as a sum of the first items and the second items less the third items.

61. A computer-implemented method comprising:

tracking and reconciling, by the computer, second items shipped to the buyer by the seller that have not been billed by the seller and cannot be found at the buyer'"'"'s consignment inventory location; and

tracking and reconciling, by the computer, third items not shipped to the buyer by the seller, wherein the third items can be found at the buyer'"'"'s consignment inventory location and are of the same identity as items provided on consignment by the seller to the buyer.