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METHOD FOR MANAGING INVENTORY WITHIN AN INTEGRATED SUPPLY CHAIN

  • US 20100205044A1
  • Filed: 08/06/2009
  • Published: 08/12/2010
  • Est. Priority Date: 01/22/2001
  • Status: Active Grant
First Claim
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1. A computer-readable media having computer-executable instructions for managing inventory within a supply chain having a plurality of geographically distinct distribution points, the instructions performing steps comprising:

  • providing for each of a plurality of items distributed within the supply chain a forecast of demand over a forecast period;

    using the forecast of demand for each of the plurality of items to establish for each of the plurality of items a critical stocking ratio what indicates a total quantity of each of the plurality of items which can be held in inventory over the forecast period;

    using the critical stocking ratio for each of the plurality of items to apportion the total quantity of each of the plurality of items which can be held in inventory over the forecast period in shares to the plurality of geographically distinct distribution points in the supply chain by assigning over the forecast period a base stock level for each of the plurality of items at each of the plurality of geographically distinct distribution points in the supply chain and a reorder point for each of the plurality of items at each of the plurality of geographically distinct distribution points in the supply chain;

    determining a replenishment method for each of the plurality of items at each of the plurality of geographically distinct distribution points in the supply chain; and

    executing the replenishment method to create orders for items at any of the plurality of geographically distinct distribution points in the supply chain that fail to have a base stock level for any of the plurality of items thereby causing inventory within the supply chain to be managed in accordance with the critical stocking ratio.

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