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APPARATUS AND METHOD FOR CONTROLLING INVENTORY

  • US 20110029412A1
  • Filed: 06/29/2010
  • Published: 02/03/2011
  • Est. Priority Date: 02/08/2001
  • Status: Active Grant
First Claim
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1. An apparatus comprising:

  • a processor disposed proximate a supplier of a system for providing a product from the supplier to a remote customer, wherein the supplier and the customer have an open purchase order comprising an acceptable inventory range bounded by a lower and an upper limit for units of the product that the supplier provides to the customer,wherein the system includes a processing unit disposed proximate the customer and configured to maintain a product inventory count for the product representative of a number of units of the product that is maintained in inventory by the customer, the processing unit being configured to decrease the product inventory count as the customer ships out a unit of the product, and increase the product inventory count as the customer receives an additional unit of the product,wherein the processor is configured to monitor the product inventory count and detect the product inventory count approaching the lower limit, the product inventory count approaching the respective lower limit when the product inventory count falls below a notification level greater than the lower limit and between the lower limit and the upper limit.

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