Method and system for managing material movement and inventory
First Claim
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1. A method comprising:
- entering input data using a computer, the input data including shipping frequency and at least one of item number, manufacturing cost, material demand, supplier site, transit time, and container cost,determining material management costs for a plurality of shipment options using a processor, andoutputting using a computer a first set of material management data based on the input shipping frequency and a second set of material management data based on an optimized shipping frequency of full inbound containers, the second set of material management data including a first part that assumes the full inbound containers are sent to a first location and a portion of material in the full inbound containers subsequently is transferred to a second location, and a second part that assumes the full inbound containers are sent to the second location and a portion of material in the full inbound containers subsequently is transferred to the first location, andselecting one of at least two alternative a shipping methods based upon review of the first and second sets of material management data output by the computer, wherein the shipping method is selected by a user of the computer.
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Abstract
A method is provided that involves entering input data into a computer program including at least one of item number, manufacturing cost, material demand, supplier site, shipping frequency, transit time, and container cost, determining material management costs for a plurality of shipment options, and outputting from the computer program at least one of a first set of material management data based on the input shipping frequency and at least one of a second set of material management data based on an optimized shipping frequency of full inbound containers. A corresponding system is also disclosed. The method and system are useful for managing material movement and inventory.
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Citations
14 Claims
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1. A method comprising:
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entering input data using a computer, the input data including shipping frequency and at least one of item number, manufacturing cost, material demand, supplier site, transit time, and container cost, determining material management costs for a plurality of shipment options using a processor, and outputting using a computer a first set of material management data based on the input shipping frequency and a second set of material management data based on an optimized shipping frequency of full inbound containers, the second set of material management data including a first part that assumes the full inbound containers are sent to a first location and a portion of material in the full inbound containers subsequently is transferred to a second location, and a second part that assumes the full inbound containers are sent to the second location and a portion of material in the full inbound containers subsequently is transferred to the first location, and selecting one of at least two alternative a shipping methods based upon review of the first and second sets of material management data output by the computer, wherein the shipping method is selected by a user of the computer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system comprising a computer having a memory containing standard data, a processor configured to determine material management costs for a plurality of shipment options, and software that generates an input form on a computer, the input form being configured to receive material management data for an item to be shipped, and an output form that provides a first set of material management data based on a preferred shipping frequency and a second set of material management data based on an optimized shipping frequency of full inbound containers,
the second set of material management data including a first part that assumes the full inbound containers are sent to a first location and a portion of material in the full inbound containers subsequently is transferred to a second location, and a second part that assumes the full inbound containers are sent to the second location and a portion of material in the full inbound containers subsequently is transferred to the first location, the software further generating a selection box in which a user inputs data indicative of a selection of either a first shipment option based on the first set of material management data or a second shipment option based on the second set of material management data.
Specification