Inventory management system for reducing overall warehouse and pipeline inventory

• US 20050203665A1
• Filed: 05/12/2005
• Published: 09/15/2005
• Est. Priority Date: 03/11/2003
• Status: Abandoned Application

• Current Assignee: United Parcel Service Of America Incorporated (United Parcel Service Incorporated)
• Original Assignee: United Parcel Service Of America Incorporated (United Parcel Service Incorporated)
• Inventors: Johnson, Michael D., Hanlon, Larry A., Castagno, Tony R., Reulbach, Raymond A., Penkar, Rajan C., Jones, Gina L.
• Application Number:
  US11/127,341
• Publication Number:
  US 20050203665A1
• Time in Patent Office: Days
• US Class Current: 700/214
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

A computer system for use in reducing overall pipeline inventory within a distribution network that includes a central warehouse that is: (1) adjacent a transportation hub; and (2) configured to store sufficient component parts to provide a regular stream of parts to each of a plurality of manufacturing facilities. The computer system is preferably configured for coordinating the transportation of a regular stream of parts to each of the manufacturing facilities by transporting component parts from the central warehouse to the manufacturing facilities primarily via an expedited delivery service performed using the transportation hub. The expedited delivery service may include, for example, guaranteed delivery within one or two days. This reduces the overall pipeline and warehouse inventory within the distribution network by reducing the average transit time for each part, and by reducing the amount of safety stock that is needed to support the operations of the manufacturing facilities.

Claims

1. A method of tracking items within a central warehouse, said method comprising the steps of:

assigning a first identification indicia to an item within said central warehouse;

updating a database to associate said first identification indicia with said item;

reallocating said item from a first entity to a second entity;

in response to said item being reallocated from said first entity to said second entity, assigning a second identification indicia to said item; and

updating said database to associate said second identification indicia with said item.

2. The method of claim 1, wherein said item is a component part.

3. The method of claim 1, wherein said first and said second identification indicia are part numbers.

4. A method of tracking parts at a central warehouse, said method comprising the steps of:

assigning a first part number to a part within said central warehouse;

updating a database to associate said first part number with said part;

modifying said part;

in response to said part being modified, assigning a second part number to said part; and

updating a database to associate said second part number with said part.

5. The method of claim 4, wherein said method comprises the step of maintaining a history of one or more part numbers that were formally associated with said part.

6. The method of claim 4, wherein said system is configured for maintaining a history of substantially all of the part numbers have been associated with said part since said part entered the central warehouse.

7. The method of claim 4, wherein said step of modifying said part comprises loading software onto said part.

8. The method of claim 4, wherein said step of modifying said part comprises labeling said part.