Vehicle inventory management system and method
First Claim
1. A method of providing a periodic vehicle order count recommendation for supplementing an inventory of a motor vehicle dealership to satisfy periodic market demand, comprising the steps of:
- converting, by a computing device, a sales history database and an inventory database for the dealership into a dealership data structure stored in the computing device;
obtaining, from an agent of the dealership and entering into the computing device, query parameters including a specified sales history period, a forecast period, and a market region specification;
accessing a database of VIN numbers registered with a government agency, decoding VIN numbers registered within said market region, and storing resultant registered vehicle information into a regional vehicle registrations data structure, which is located in the computing device;
estimating, by the computing device, a periodic vehicle order count to satisfy market demand within said market region during said forecast period based on data recalled from said dealer database structure of inventory and sales history over said specified sales history period, and said registered vehicle information recalled from said regional vehicle registration data structure.
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Abstract
A method of providing a periodic vehicle order count recommendation for supplementing an inventory of a motor vehicle dealership to satisfy periodic market demand. The method includes the steps of converting a sales history database and an inventory database for the dealership into a dealership data structure, and obtaining from an agent of the dealership, query parameters including a specified sales history period, a forecast period, and a market region specification. The method also includes the steps of accessing a database of VIN numbers registered with a government agency, decoding VIN numbers registered within the market region, and storing resultant registered vehicle information into a regional vehicle registrations data structure. Then, estimating a periodic vehicle order count to satisfy market demand within the market region during the forecast period based on the dealer database structure of inventory and sales history over the specified sales history period, and the regional vehicle registration data structure.
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Citations
9 Claims
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1. A method of providing a periodic vehicle order count recommendation for supplementing an inventory of a motor vehicle dealership to satisfy periodic market demand, comprising the steps of:
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converting, by a computing device, a sales history database and an inventory database for the dealership into a dealership data structure stored in the computing device; obtaining, from an agent of the dealership and entering into the computing device, query parameters including a specified sales history period, a forecast period, and a market region specification; accessing a database of VIN numbers registered with a government agency, decoding VIN numbers registered within said market region, and storing resultant registered vehicle information into a regional vehicle registrations data structure, which is located in the computing device; estimating, by the computing device, a periodic vehicle order count to satisfy market demand within said market region during said forecast period based on data recalled from said dealer database structure of inventory and sales history over said specified sales history period, and said registered vehicle information recalled from said regional vehicle registration data structure. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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Specification