Method And System For Orders Planning And Optimization With Applications To Food Consumer Products Industry
First Claim
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1. A computer-implemented method, comprising:
- receiving a first data, the first data representing historical shipment data of an item from a distributor to a location;
processing the received first data and determining, based on the processed received first data, a model for at least one shipping pattern of the item from the distributor to the location;
generating, based on the determined model, a forecast for a future shipping demand of the item by the location; and
optimizing, based on the generated forecast, the at least one shipping pattern of the item from the distributor to the location, the at least one shipping pattern optimized based on a plurality of control parameters including at least an out of stock event probability and a safety stock value, the optimizing performed using the plurality of control parameters for the item at the location during a predetermined period of time,wherein the receiving, the processing, the determining, the generating, and the optimizing are performed on at least one processor.
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Abstract
A system, a computer program product, and a method for order planning and optimization are disclosed. A first data is received, where the first data represents historical shipment data of an item from a distributor to a location. The received first data is processed and a model for at least one shipping pattern of the item from the distributor to the location is determined based on the processed received first data. A forecast for a future shipping demand of the item by the location is generated based on the determined model. At least one shipping pattern of the item from the distributor to the location is optimized based on the generated forecast.
64 Citations
20 Claims
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1. A computer-implemented method, comprising:
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receiving a first data, the first data representing historical shipment data of an item from a distributor to a location; processing the received first data and determining, based on the processed received first data, a model for at least one shipping pattern of the item from the distributor to the location; generating, based on the determined model, a forecast for a future shipping demand of the item by the location; and optimizing, based on the generated forecast, the at least one shipping pattern of the item from the distributor to the location, the at least one shipping pattern optimized based on a plurality of control parameters including at least an out of stock event probability and a safety stock value, the optimizing performed using the plurality of control parameters for the item at the location during a predetermined period of time, wherein the receiving, the processing, the determining, the generating, and the optimizing are performed on at least one processor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer program product comprising a non-transitory machine-readable medium storing instructions that, when executed by at least one programmable processor, cause the at least one programmable processor to perform operations comprising:
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receiving a first data, the first data representing historical shipment data of an item from a distributor to a location; processing the received first data and determining, based on the processed received first data, a model for at least one shipping pattern of the item from the distributor to the location; generating, based on the determined model, a forecast for a future shipping demand of the item by the location; and optimizing, based on the generated forecast, the at least one shipping pattern of the item from the distributor to the location, the at least one shipping pattern optimized based on a plurality of control parameters including at least an out of stock event probability and a safety stock value, the optimizing performed using the plurality of control parameters for the item at the location during a predetermined period of time. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A system comprising:
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at least one programmable processor; and a machine-readable medium storing instructions that, when executed by the at least one programmable processor, cause the at least one programmable processor to perform operations comprising; receiving a first data, the first data representing historical shipment data of an item from a distributor to a location; processing the received first data and determining, based on the processed received first data, a model for at least one shipping pattern of the item from the distributor to the location; generating, based on the determined model, a forecast for a future shipping demand of the item by the location; and optimizing, based on the generated forecast, the at least one shipping pattern of the item from the distributor to the location, the at least one shipping pattern optimized based on a plurality of control parameters including at least an out of stock event probability and a safety stock value, the optimizing performed using the plurality of control parameters for the item at the location during a predetermined period of time. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification