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Method for owning, managing, automatically replenishing, and invoicing inventory items

  • US 6,249,774 B1
  • Filed: 02/23/1998
  • Issued: 06/19/2001
  • Est. Priority Date: 02/23/1998
  • Status: Expired due to Term
First Claim
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1. A method for managing and replenishing the inventory of a business by a distributor, said method comprising the steps of:

  • collecting and recording information over an initial period of time to reflect the quantity and value of an inventory of certain designated items supplied by the distributor and dispensed to consumers by the business;

    processing the information recorded during said initial period of time to project a forecast of the demand for the designated items by consumers following said initial period of time based upon how many of the designated items are dispensed to consumers during said initial period of time;

    purchasing the inventory of designated items from the business and invoicing the business for reimbursement when the designated items owned by the distributor are dispensed to consumers by the business; and

    automatically replenishing the designated items dispensed to consumers by the business according to said forecast of demand so that the business maintains an inventory of the designated items to meet the actual demand of consumers.

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