METHOD AND SYSTEM FOR DYNAMIC INVENTORY CONTROL

• US 20170357940A1
• Filed: 06/07/2017
• Published: 12/14/2017
• Est. Priority Date: 06/08/2016
• Status: Abandoned Application

• Current Assignee: Customer Analytics, LLC
• Original Assignee: Customer Analytics, LLC
• Inventors: Radhakrishnan, Ganesan
• Application Number:
  US15/616,032
• Publication Number:
  US 20170357940A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 10/0875 Itemisation or classification of parts, supplies or services, e.g. bill of materials
• CPC Class Codes: G06Q 50/30 Transportation; Communications
• CPC Class Codes: G06Q 50/40 Business processes related to the transportation industry shipping G06Q10/083

Abstract

A method and system for dynamic inventory control of a warehouse is provided that includes, receiving consumption data for a product, standardizing the consumption data to provide a data record, at least one of populating or appending a data table with at least a portion of the data in the standardized data record, wherein the data table includes a plurality of time dependent data values, calculating a flow dynamics vector for the first time t using the data values in the data table, receiving the flow dynamics vector and generating a figurative state-space diagram that is divided into a plurality of zones by a plurality of threshold values related to the product, and evaluating the flow dynamics vector in the context of the thresholds to identify the zone indicated by the flow dynamics vector.

Claims

1. A method for dynamic inventory control of a warehouse comprising:

receiving consumption data for a product at a data storage device, wherein the consumption data includes a product identification and a quantity of the product consumed in at a first time t;

standardizing the consumption data via one or more processing devices at a data handler to provide a data record, wherein the data handler verifies that the product ID correlates with a known product ID stored in a warehouse dynamics database;

receiving the standardized data record from the data handler at an instantaneous dynamics calculator;

at least one of populating or appending a data table with at least a portion of the data in the standardized data record, and wherein the data table includes a plurality of time dependent data values that include a beginning inventory quantity and an ending inventory quantity of the product stored in the warehouse at the first time t, wherein the beginning inventory quantity is equal to the ending inventory quantity of the product at a second time t−

1;

calculating via one or more processing devices, a flow dynamics vector for the first time t using the data values in the data table, wherein the flow dynamics vector includes both a measure of magnitude of change in the inventory of the product and a direction of change in the inventory, where a positive direction of change indicates inventory growth and a negative direction of change indicates inventory shrinkage;

receiving the flow dynamics vector at a flow dynamics controller; and

generating via the one or more processing devices, a figurative state-space diagram that is divided into a plurality of zones by a plurality of threshold values related to the product, wherein the plurality of threshold values include a low consumption rate threshold and a high consumption rate threshold situated along a first axis of the state-space diagram, and a low normalized inventory quantity threshold and a high normalized inventory quantity threshold situated along a second axis of the state-space diagram, evaluating at the flow dynamics controller, the flow dynamics vector in the context of the thresholds to identify the zone indicated by the flow dynamics vector.

2. The method of claim 1, wherein the data values in the data table include the beginning inventory and ending inventory of the product stored in the warehouse, an incoming product quantity and outgoing product quantity at the first time t, wherein the incoming product quantity includes the sum of all products arrived into the warehouse from a plurality of product sources for the first time t, and the outgoing product quantity includes the sum of all products that have left the warehouse for the first time t.

3. The method of claim 2, wherein a height value representing a normalized incoming inventory flow of the product stored in the warehouse at the first time t is equal to a congestion value divided by the consumption, and wherein the congestion value includes the sum of all arrivals of incoming product into the warehouse for a first time interval extending between time t−

a1 and time t.

4. The method of claim 3, wherein the first axis of the state-space diagram includes an inventory growth rate equal to the height value minus the numerical value of one.

5. The method of claim 4, wherein the data values in the data table further include the desired inventory quantity, comprising the quantity of product that is to be held in the warehouse during either of the first time interval or a second time interval, wherein the second time interval includes the duration of time extending between the first time t and a third time t+1.

6. The method of claim 5, wherein the data values in the data table further include the normalized quantity of inventory comprising the ending inventory quantity divided by the desired inventory quantity of the product.

7. The method of claim 6, wherein the flow dynamics vector includes the normalized inventory quantity at the first time t and the growth rate at the second interval, wherein the normalized inventory quantity is positioned on second axis of the state-space diagram axis, and the growth rate is positioned on the first axis to provide the position of the flow dynamics vector indication.

8. The method of claim 7 wherein the plurality of zones includes a first zone defined as being within the consumption rate and inventory quantity thresholds, and wherein indication of the flow dynamics vector inside the first zone is identified as an optimal consumption rate and inventory quantity.

9. The method of claim 8, wherein the plurality of zones further includes a second zone and a third zone defined as being within the normalized inventory quantity thresholds indicating optimal inventory quantity, and wherein the second zone is less than the low consumption rate threshold indicating inventory shrinkage, and the third zone is greater than the high consumption rate threshold indicating inventory growth.

10. The method of claim 9, wherein the plurality of zones further includes a fourth zone and a fifth zone defined as being within the consumption rate thresholds indicating optimal consumption rate, and wherein the fourth zone is less than the low normalized inventory quantity threshold indicating low but stable inventory quantity, and the fifth zone is greater than the high normalized inventory quantity threshold indicating high but stable inventory quantity.

11. The method of claim 10, wherein the plurality of zones further includes a sixth zone and a seventh zone defined as being below the low normalized inventory quantity threshold, and wherein the sixth zone is less than low consumption rate threshold indicating low and deteriorating inventory quantity, and the seventh zone is greater than the high consumption rate threshold indicating low and improving inventory quantity.

12. The method of claim 11, wherein the plurality of zones further includes an eight zone and a ninth zone defined as being above the high normalized inventory quantity threshold, and wherein the eight zone is less than low consumption rate threshold indicating high and improving inventory quantity, and the ninth zone is greater than the high consumption rate threshold indicating high and deteriorating inventory quantity.

13. The method of claim 8, wherein the product includes a physical article of manufacture, manufactured for purchase by a consumer, and stored in a physical warehouse.

14. The method of claim 13, further comprising:

identifying one or more signals to be generated in response to the zone indication, wherein the identification includes comparing the zone indication with a plurality of pre-established correlative signals for the product, and wherein the one or more signals can be chosen for one or more correlative recipients; and

generating the one or more signals and communicating to the one or more correlative recipients.

15. A method for dynamic inventory control of a warehouse comprising:

receiving consumption data for a product at one or more data storage devices, wherein the consumption data includes a product identification and a quantity of the product consumed in a first time t;

standardizing the consumption data via one or more processing devices to provide a data record, wherein the one or more processing devices verifies that the product ID correlates with a known product ID stored in an warehouse dynamics database;

receiving the standardized data record from the one or more processing devices and at least one of populating or appending a data table with at least a portion of the data in the standardized data record, and wherein the data table includes a plurality of time dependent data values that include a beginning inventory quantity and an ending inventory quantity of the product stored in the warehouse at the first time t, wherein the beginning inventory quantity is equal to the ending inventory quantity of the product at a second time t−

1;

calculating via one or more processing devices, a flow dynamics vector for the first time t using the data values in the data table, wherein the flow dynamics vector includes both a measure of magnitude of change in the inventory of the product and a direction of change in the inventory, where a positive direction of change indicates inventory growth and a negative direction of change indicates inventory shrinkage;

generating via the one or more processing devices, a figurative state-space diagram that is divided into a plurality of zones by a plurality of threshold values related to the product, wherein the plurality of threshold values include a low consumption rate threshold and a high consumption rate threshold situated along a first axis of the state-space diagram, and a low normalized inventory quantity threshold and a high normalized inventory quantity threshold situated along a second axis of the state-space diagram, and evaluating at the flow dynamics controller, the flow dynamics vector in the context of the thresholds to identify the zone indicated by the flow dynamics vector;

identifying one or more signals to be generated in response to the zone indication, wherein the identification includes comparing the zone indication with a plurality of pre-established correlative signals for the product, and wherein the one or more signals can be chosen for one or more correlative recipients; and

generating the one or more signals and communicating the one or more signals to the one or more correlative recipients.

16. The method of claim 15, wherein the product includes a physical article of manufacture, manufactured for purchase by a consumer, and stored in a physical warehouse.