Optimal method, system, and storage medium for resolving demand and supply imbalances
First Claim
1. A method for resolving demand and supply imbalances comprising:
- identifying, via logic executing on a host system computer, at least one excess component inventory liability or at least one constraint in supply capability for an end product by matching current buying patterns for said end product against inventory liability and supply capability based on a previous demand forecast;
reducing, via the logic, supply liability for the excess component inventory liability or the constraint in supply capability for an end product using a time-phased approach that begins at 100 percent liability assessment and includes a series of mitigation activities performed over time until the supply liability reaches a specified percentage level, the time-phased approach including a procurement and development assessment sub-process, a liability council assessment sub-process, a sales activities sub-process, and a liability write off sub-process, the time-phased approach implementing;
where excess component inventory liability exists;
refocusing said at least one excess component inventory liability by determining alternative end products that use components identified in said at least one excess component inventory liability; and
executing sales activities operable for enticing sales of said alternative end products; and
where constrained supply capability exists;
determining alternative end products that are functionally equivalent to those identified in said at least one constrained supply capability; and
executing sales activities operable for enticing sales of functionally equivalent alternative end products;
wherein said sales activities result in reducing said at least one excess component inventory liability or avoiding said at least one constraint in supply capability.
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Abstract
An exemplary embodiment of the invention relates to a method, system, and storage medium for resolving demand and supply imbalances. The method comprises identifying at least one excess component inventory liability or constraint in supply capability for an end product by matching current buying patterns for the end product against inventory liability and supply capability based on a previous demand forecast. Where excess component inventory liability exists the method refocuses the excess component inventory liability by determining alternative end products that use components identified in the excess component inventory liability; and executes sales activities for enticing sales of the alternative end products. Where constrained supply capability exists, the method determines alternative end products that are functionally equivalent to those identified in the constrained supply capability; and executes sales activities for enticing sales of functionally equivalent alternative end products.
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Citations
7 Claims
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1. A method for resolving demand and supply imbalances comprising:
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identifying, via logic executing on a host system computer, at least one excess component inventory liability or at least one constraint in supply capability for an end product by matching current buying patterns for said end product against inventory liability and supply capability based on a previous demand forecast; reducing, via the logic, supply liability for the excess component inventory liability or the constraint in supply capability for an end product using a time-phased approach that begins at 100 percent liability assessment and includes a series of mitigation activities performed over time until the supply liability reaches a specified percentage level, the time-phased approach including a procurement and development assessment sub-process, a liability council assessment sub-process, a sales activities sub-process, and a liability write off sub-process, the time-phased approach implementing; where excess component inventory liability exists; refocusing said at least one excess component inventory liability by determining alternative end products that use components identified in said at least one excess component inventory liability; and executing sales activities operable for enticing sales of said alternative end products; and where constrained supply capability exists; determining alternative end products that are functionally equivalent to those identified in said at least one constrained supply capability; and executing sales activities operable for enticing sales of functionally equivalent alternative end products; wherein said sales activities result in reducing said at least one excess component inventory liability or avoiding said at least one constraint in supply capability. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification