Not Applicable
Inventory management systems are known which attempt to keep inventory of stock items at an optimal level based upon factors such as availability, possibility of price increase, lag time to reorder, and predictability of consumption rates. One such system is a Materials Requirements Planning (MRP) system, which is the primary manufacturing module of Enterprise Resource Planning (ERP) systems. Inventory ordering is performed through accurate forecasts of finished product demand and raw material availability, among other factors. Such systems, however, depend upon accurate market forecasting. Another inventory system is known as a “Kanban” system, in which stock items are maintained with minimum and maximum thresholds. When the minimum threshold is reached, enough stock is ordered to bring the quantity back up to the maximum threshold. Timely examination of the stock item level is required, however, to ensure that the stock does not run out, and to ensure timely notification to a supplier to effect delivery.
It would be beneficial, therefore, to provide an inventory measurement and management system which performs automatic replenishment of stock through real-time polling of stock item quantity to avoid the need for periodic manual inspection of quantity and the need to maintain accurate market forecasts.
It would also be desirable to provide a real-time, inventory measurement and management system that includes dynamic lot sizing to modify maximum quantity thresholds, replenish quantity thresholds, and/or critical quantity thresholds based on historical usage automatically.
It would further be desirable to provide a real-time, inventory measurement and management system that can provide display messages at the inventory sensor and/or at the item or inventory object level to alert users of order status or alternate storage locations of the same or suitable substitution items or inventory objects.
An inventory control and communication system provides automated real-time control of stock levels and ordering in a timely manner so that optimal stock levels are maintained. An inventory sensor includes a storage unit, or bin, for each stock item or inventory object and one or more transducers associated with each storage unit is/are operative to produce a mass/weight signal indicative of the weight of the stock items or inventory objects stored in or at the corresponding storage unit.
The mass/weight signals are transmitted to a computer associated with the inventory sensor, which determines the weight of the stock items or inventory objects in the storage unit; calculates therefrom the numerical quantity of the stock items or inventory objects present in the bin; and provides and/or records this count as part of the inventory data associated with the stock items or inventory objects.
The numerical quantity of the stock item or inventory object can be determined by a computer associated with the inventory sensor using the known or predetermined weight of the predetermined stock item or inventory object at the respective storage unit. Transducers, such as strain gauges, are disposed on or at each storage unit in such a manner so as to be sensitive to the weight of the stock items or inventory objects at or contained in or on the storage unit. Multiple transducers can be used to measure the weight of a single storage unit.
The inventory data are provided to a central inventory server and/or host computer that maintains the inventory data along with information about the inventory sensor location and the corresponding stock item, such as item weight and supplier, vendor, distributor, and/or manufacturer information. Threshold values for the minimum and maximum quantity of each stock item or inventory object are also maintained by the central inventory server and/or host computer. When the numerical quantity of a stock item or inventory object reaches a minimum threshold, the central inventory server and/or host computer is operative to locate the identical stock item or inventory object internally and/or to send an order or alert to the supplier or other designated destination or individual to restore the numerical quantity of stock items or inventory objects to the maximum quantity threshold or to some level between the minimum quantity and maximum quantity thresholds, or otherwise indicates that a reorder is needed.
The inventory measurement and management system is adapted to provide dynamic lot sizing whereby the minimum quantity and maximum quantity thresholds are automatically adjusted higher or lower based on historical usage, demand, and/or consumption data during a prescribed period of time, to more effectively manage the costs associated with maintaining an inventory.
The inventory measurement and management system further includes a message display feature at the inventory sensor, to alert warehouse personnel of order status, of another location of the same item or inventory object, and/or of the location of a suitable substitute item or inventory object.
The invention will be more fully understood with reference to the following detailed description and drawings, of which:
Referring to
An item quantity signal 22 can be sent to inventory control 24 immediately once a change in inventory has occurred. Alternatively, the transducer 14 can be adapted to send an item quantity signal 22 after a certain number of items or inventory objects have been removed from the respective bin 12. For example, if there are 100 items in a bin 12 and the replenishment quantity is five, the transducer 14 can be adapted to send an item quantity signal 22 only after removal of 90 or more of the items or inventory objects from the respective bin 12.
The inventory control 24 compares the weight- or mass-based numerical quantity to predetermined maximum and minimum quantity thresholds for the particular item or inventory object. Minimum quantity thresholds can include a “replenishment” quantity threshold and a “critical” quantity threshold.
The predetermined replenishment quantity threshold corresponds to the item or inventory object quantity at which automatic ordering is performed in accordance with “normal” ordering procedures, to replenish the predetermined item or inventory object to a quantity between the replenishment quantity threshold and the maximum quantity threshold. Normal ordering procedures comply with standard operating procedures for ordering items periodically, e.g., at the end of the day or at the end of some other period, or, in instances in which the inventory measurement and management system 10 controls a multiplicity of warehouses or customer storage facilities that store similar items or inventory objects but that are remote from one another, when the total or combined number of the predetermined item or inventory object needed by all of the warehouses or storage facilities reaches a predetermined order quantity. Such bulk ordering for multiple warehouses or customer facilities can reduce unit price and shipment costs.
The critical quantity threshold corresponds to the item or inventory object numerical quantity at which extraordinary, abnormal ordering is performed, to replenish the predetermined item or inventory object to a quantity between the replenishment quantity threshold and the maximum quantity threshold. Extraordinary ordering can occur immediately and can include approval or authorization for rush delivery and/or authorization to send all or some portion of the necessary quantity as soon as possible.
For either minimum threshold, if the numerical quantity of a particular item or inventory object is below the minimum threshold, inventory control 24 sends an external order message 26 to a supplier, distributor, vendor, manufacturer, and the like and/or an internal order message 26 to an internal client, e.g., another warehouse or customer facility, to restock the item or inventory object.
The inventory control 24 and/or the quantity computation 20 can also be adapted to determine when an inventory sensor is not transmitting data. For example, if a transducer signal 18 is not received during a predetermined period of time appropriate for the item or inventory object owing to its historical demand or consumption, the inventory control 24 can generate a prompt to the respective inventory sensor to query the inventory sensor as to its status.
The inventory control 24 and/or the quantity computation 20 can further be adapted to determine when an item(s) or inventory object(s) from a first storage unit 12 or some other foreign object has/have fallen into a second storage unit 12. For example, if a widget from a first storage unit were to fall into a second storage unit, when the quantity computation 20 calculates the numerical quantity of the items or inventory objects in the second storage unit 12, the added widget will produce a not insubstantial mathematical remainder as long as the difference in the weight of the widget is significantly different than the weight of the item or inventory object in the second storage unit 12.
Once the quantity computation 20 identifies the existence of a not insubstantial mathematical remainder, the inventory control 24 and/or quantity computation 20 can generate a message to the respective inventory sensor for display on the front panel of the inventory sensor. The displayed message will alert the user to visually inspect the storage unit 12 for any non-conforming items or inventor objects.
Referring to
One or more transducers 36 are associated with each storage unit 32, and are located so as to sense the weight of the stored items or objects 34. Each transducer 36 is connected to a storage transmission node 38, described further below, and is structured and arranged to send to the storage transmission node 38 a transducer signal 18 indicative of weight of the items or inventory objects in, on or at the storage unit 32 or, alternatively, to send a transducer signal 18 indicative of the numerical quantity of items or objects 34 in the storage unit 32. If signals 18 indicative of the numerical quantity of the items or objects 34 are transmitted instead of signals indicative of the total weight of the items or inventory objects 34 in the storage unit 32, then processors and memory storage for calculating the numerical quantity of items or objects 34 are needed at the storage unit 32 level.
The storage transmission node 38 builds a transducer signal packet including one or more transducer signals according to a predetermined protocol. The transducer signal packet is sent to a central inventory server 40, which receives transducer signal packets from other storage transmission nodes 38 at the facility 30. The central inventory server 40 uses the transducer signal packets to compute the numerical quantity of the items or objects 34 remaining in each of the storage units 32 (if the storage units 32 are not adapted to do so before signaling to the storage transmission nodes 38), and, further, compares these numerical quantities with minimum and maximum quantity thresholds that have been predetermined and stored in an inventory database 42.
The central inventory server 40 is connected to or otherwise accessible to the inventory database 42. the inventory database 42 stores information about the item or inventory object 34 corresponding to each storage unit 32. For example, for each storage unit 32, the item database 42 can include: the unit weight of the item or inventory object 34 stored therein, a replenishment quantity threshold, a critical quantity threshold, and a maximum quantity threshold for each item or inventory object 34. The inventory database 42 can also contain supplier, vendor, distributor, and/or manufacturer contact and order information for each item or inventory object 34. These data can include, for example and without limitation, mailing addresses, electronic mailing addresses, Web site addresses, telephone numbers, and so forth. The inventory server 40 is structured and arranged to send an order to the supplier, vendor, distributor, and/or manufacturer by any suitable means, such as via Internet 46, e.g., by electronic mail, voice communication 48, cellular or wireless communication 44, and/or via paper mail 50 by printing an order on the attached printer 52. Alternatively, the inventory server 40 can send quantity information without requesting an order.
The inventory server 40 has a graphical user interface (GUI), described further below, for performing various inventory query functions. The GUI can be accessed locally through the server monitor 54, or accessed remotely from another computer 56 or by a network host computer.
Referring to
When a network 70 having a host computer 75 is used, some portion or all of the data stored in each of the inventory databases 42 can, instead, be centralized in a master database 78. Thus, the master database 48 can include information on the weight of each item or object 34 stored in each storage unit 32 and the replenishment, critical, and maximum quantity thresholds for each item or object 34. Real-time measured numerical quantities of each item or object 34 in each storage unit 32 at each facility 30 as well as supplier, vendor, distributor, and/or manufacturer contact and order information for each item or object 34 also can be stored in the master database 78. As a result, ordering to replace item or object 34 shortages can be centralized so that the shortage can be satisfied internally first before ordering through an external supplier, vendor, distributor, and/or manufacturer.
As indicated above and as shown in
Referring to
The transducer signal packet 147 is sent to a radio transmitter 152 for transmission to the central inventory server 40 through an antenna 154. The storage transmission node 38 is powered through a power supply/regulator 156, which may include a photovoltaic cell 157.
A flowchart of the storage transmission node 38 logic is shown in
On a periodic basis, as indicated above with respect to
Typically there will be a plurality of storage transmission nodes 38 at each facility 30. Each storage transmission node 38 will be sending periodic transducer signal packets 147 containing the latest transducer polling sequence. Transmission intervals to the inventory server 40 and/or to the host computer 75 are therefore staggered pseudo-randomly, to avoid collisions between simultaneous transducer signal packets 147. Collisions which do occur, however, are unlikely to repeatedly affect the same storage transmission node 38, due to the pseudo-random staggering. Since the pseudo-random staggering makes it unlikely that a collision will repeatedly affect the same transmission node 38, subsequent transducer signal packets 147 will ensure that the numerical quantity counts remain current.
If a storage transmission node 38 does not transmit data in accordance with its transmission interval, the central inventory server 40 and/or the host computer 75 can generate a prompt to the storage transmission node 38 and/or to the delinquent inventory sensor, to query the storage transmission node 38 and/or inventory sensor as to its status. In this fashion, non-operating inventory sensors, transducers, and/or storage transmission nodes 38 can be made operational.
In a preferred embodiment, the storage transmission nodes 38 comprise transmit only radios 152. Such radios 152 do not require a two way protocol, therefore saving bandwidth. Accordingly, a pseudo-random interval avoids collisions without requiring a duplex protocol. Further, the interval determination uses the address of the storage transmission node 38, ensuring that two storage transmission nodes 38 will not collide on consecutive cycles.
Referring again to
As previously mentioned in conjunction with the quantity computation 20, when calculating the numerical quantity of the items or inventory objects 34 in a particular storage unit 32, the inventory server 40 and/or host computer 75 can be adapted to identify the existence of a not insubstantial mathematical remainder that is indicative of the presence of some foreign object in storage unit 32. The inventory server 40 and/or host computer 75 can then generate a message to the respective inventory sensor for display on the front panel of the inventory sensor. The message can alert the user to visually inspect the storage bin 12 for any non-conforming items or objects.
The calculated numerical quantity of each item or object 34 is further compared to replenishment and critical minimum quantity threshold values, which can indicate when an order is to be generated. The comparison can take place at the inventory server 40 and/or at the host computer 75. When the numerical quantity falls below one or both of the minimum thresholds, the inventory server 40 and/or at the host computer 75 is adapted to generate an internal or external order, to replenish the numerical quantity of the item or object 34 to a level between the replenishment quantity and the maximum quantity for the item or object 34.
The inventory database 42 associated with the inventory server 40 and/or the database 78 associated with the host computer 75 includes supplier, vendor, distributor, and/or manufacturer contact information and order methods, such as Internet, electronic mail, paper mail, and/or wireless, cellular or public switched telephone, so that an order may be generated and sent automatically.
The inventory database 42 or 78 is also connected to a GUI for various user interactions, shown in
The inventory sensor system 701 includes at least one networked inventory sensor, and in the illustrative embodiment there are depicted a plurality of network inventory sensors 703a, 703b, and 703c each of which includes one or more inventory sensors networked together. The one or more inventory sensors 703a, 703b, and 703c include(s) at least one primary inventory sensor and if more than one inventory sensor is present these are connected to the primary inventory sensor as secondary inventory sensors. In the embodiment depicted in
As will be explained below, each inventory sensor 703a, 703b, and 703c senses the weight of items or inventory objects 34 and provides inventory data relating to the type and numerical quantity of the items or inventory objects present at the respective sensor. As will be explained below, the respective inventory sensor 703a, 703b, and 703c can provide inventory data periodically or in a preferred embodiment, the inventory data is provided only after the weight of the corresponding inventory object changes. The inventory sensors 703a, 703b, and 703c also provide other data that are necessary for the control and operation of the respective sensor such as inventory sensor calibration and inventory sensor configuration data. Secondary inventory sensors 704a-c, provide this inventory data to the corresponding primary inventory sensor, 706a-c, respectively, via the corresponding inventory sensor network 708a-c, respectively. The primary inventory sensor 706a-c also provides inventory data as an output. The respective primary inventory sensor 706a-c combines the inventory data it has provided along with the inventory data received from the secondary inventory sensors 704a-c via the respective sensor network 708a-c. The respective primary inventory sensor 706a-c provides this combined inventory data to the node controller 702 via a primary sensor network 711.
The primary sensor network 711 interconnects each primary inventory sensor 706a-c with the node controller 702 to transfer inventory data from each sensor 706a-c coupled thereto, configuration and calibration data for the various sensors coupled thereto, and communicates commands and data to the various secondary inventory sensors 704a-c connected thereto. The primary sensor network 711 can interconnect each respective primary inventory sensor 706a-c using a variety of methods that can include, but are not limited to, wireless optical transmission, wireless RF transmission, optical network transmission, and electrical network transmission such as a LAN, a WAN or an Ethernet network.
In the embodiment depicted in
The transducer 804 provides the output electrical mass/weight signal to an analog-to-digital converter 806 that can include, for example, front end processing, filtering, and signal conditioning of the electrical mass/weight signal provided by the transducer 804. The analog-to-digital converter 806 converts the analog electrical signal into a binary signal that is indicative of the weight/mass of inventory objects in the bin 802. The analog-to-digital converter provides the binary signal to the sensor's computer 808 for processing.
The computer 808 can be a microcomputer including a microprocessor or a microcontroller. The computer 808 is adapted to configure and calibrate the inventory sensor 800 to ensure an accurate weight- or mass-based numerical count of the items or inventory objects. More specifically, the computer 808 processes the binary mass/weight signal to determine the desired inventory data. For example, the computer 808 can be configured to continuously monitor and process the mass/weight signal but only to provide an output of inventory data after a change in the mass/weight signal has been detected and/or if a predetermined time period has elapsed since the last data output. By not transmitting inventory data periodically, the inventory sensor 800 uses less power and thus conserves battery life in the event that the inventory sensor 800 is battery powered. The inventory sensors 800 can be powered by on-site electrical power or by a battery power supply. The status of the on-site electrical power or the battery status can be included in the inventory data and stored in the database so that power monitoring of the inventory sensors 800 is available.
A settling time can also be included in each inventory sensor 800. The settling time is a dead-time period during which the computer 808 does not transmit inventory data even after a change in the mass/weight signal has been detected, to minimize false reporting. For example, a user removing inventory objects from a bin 802 may remove too many of the objects and then replace the extra inventory objects into the bin 802 after a brief period of time. The settling time prevents this occurrence from distorting the true count of the inventory objects.
The computer 808 includes a front panel 814 that includes a display portion 813. The display portion 813, e.g., an LCD or LED display, is operative to display predetermined user selected information such as inventory data, calibration data, and configuration data. In addition, messages sent to the respective inventory sensor 800 from the central inventory server 40 or, alternatively, from the host computer 714 can be displayed on the display portion of the front panel 814 as well. For example, sensor or inventory object level messages can be displayed on the display portion 813 to indicate to users that the inventory object has been ordered (to include an expected date of delivery) and/or to indicate to users other bin locations in the facility 30 to find the same inventory object or a suitable substitute inventory object.
The front panel 814 further includes one or more button controls 801, 803, and 805 to provide for user control of certain predetermined operations of the computer 808. For example, prior to use, the inventory system must be zeroed or tared so that the weight of the bin 802 is not included in the subsequent calculations. Typically a button controller 801 on the front panel 814 of the computer 808 is used to instruct the computer 808 to set the sensor output to zero before the user has added any inventory objects into the bin 802. Sensor calibration can then be accomplished by placing a known quantity of inventory objects into the bin 802; receiving the digital representation of the mass/weight of the inventory objects placed into the bin 802; and by entering the number of inventory objects that were placed into the bin 802 using appropriate button controls 801, 803, and 805.
This initial calibration procedure is necessary so that as the mass/weight changes due to the removal and replenishment of inventory objects, an accurate count of the inventory objects can be maintained. The display portion of the front panel can be used to display data relating to the operation of the sensor, such as the mass/weight of the inventory objects currently in the bin 802, the description of the inventory objects in the bin 802, the quantity of objects contained in the bin 802, the status of the particular sensor 800, and any necessary configuration data.
The sensor 800 further includes an interface 810 to the sensor network 708 so that data regarding the operation of the sensor 800 including inventory data and status and configuration data can be provided to other sensors and, in the event that the sensor is a secondary sensor, to the corresponding primary inventory sensor. In a preferred embodiment, the sensor network 808 is the I2C Bus developed by Philips Corp. Information regarding the I2C Bus can be found at www.philipslogic.com/i2c and the corresponding handbook, application notes, application, and design support may be found at www.semiconductors.philips.com/i2c. The I2C bus is a two-wire bus for controlling and monitoring applications in computing, communications, and manufacturing environments. In the illustrative embodiment, there can be 24 secondary inventory sensors and one primary inventory sensor in a single networked sensor system. Other networks can be used, for example other multi-drop bus architectures, TDMA buses, or and RS-485 bus architecture can be used. In general parallel busses are not optimal in this system so that serial busses are preferred.
In the event that the sensor 800 is to be a primary inventory sensor, the basic sensor will have attached to the computer 808, a primary network link interface 816. The primary network link interface 816 couples the corresponding primary inventory sensor 706a-c to the node controller 702. In the illustrative embodiment, a wireless RF duplex modem is used to communicate between the primary inventory sensor and the node controller. The duplex wireless modem includes an RF transceiver at both the respective primary inventory sensor and the node controller to send and receive digital data transmissions to and from the node controller respectively. The wireless modems communicate via signals sent and received via antennas 710a-c and 712. In the illustrative embodiment, each transmission is acknowledged by the receiving system. Alternatively, a wireless optical communications system can be used that includes a separate optical transceiver that is coupled to each individual primary inventory sensor and one that is coupled to the node controller. In another embodiment, a network, either electrical or optical, can be used to coupled the primary inventory sensors to the node controller. The network can be a LAN, Ethernet, WAN, or other suitable electrical or optical network. A suitable sensor is the iSeries sensor products available from Visible Inventory, www.visibleinventory.com.
The node controller 702 is depicted in greater detail in
The host computer 714 provides the interface to the stored data. The host computer 714 receives the inventory data and other sensor data from the node controller 702 and stores the data in a database system 716. The database system 716 typically includes a database server 718 and a database storage device 720 where the inventory data and sensor data are stored. The stored data can include various data fields associated with a particular inventory sensor. For example, the data can include the current numerical quantity of the inventory object, the part-number of the corresponding inventory object, a description of the inventory object, the location of the inventory sensor 800 within the customer facility 30, the part status, and specific instructions, such as re-ordering instructions, e-mail addresses, and set forms to send to the desired recipients. In addition, data are associated with each inventory object and stored in the database system 716. This associated inventory object data can include suppliers, vendors, distributors, and/or manufacturers of the inventory object, the re-order quantities of the inventory object, the replenishment levels of the inventory object, the over-stock levels of the inventory object, the order lead times, the critical quantity levels of the inventory object, and the maximum quantity level of the inventory object.
The host computer 714 is able to update the inventory data associated with the inventory objects at each inventory sensor 800 in the database system 716 continuously as the respective inventory data are received. Thus, the inventory data stored on the database system 716 can be processed in real-time or pseudo-real time. This processing, which may be performed by the host computer 714 or a net client 722 coupled via network 715 or a web client 732, 734 coupled via the Internet 726 and web server 724, can include comparing the numerical quantity levels of the inventory objects to predetermined threshold levels so that alerts or automatic orders of the particular inventory object can be initiated when quantities of the inventory object fall below the previously determined critical or replenishment levels.
As noted above, the host computer 714 can be coupled to the Internet 726 via an Internet server 724 allowing web based clients 732 and 734 access to the stored inventory data via the host computer 714. In addition, in response to the inventory data stored in the database system 716, the host computer 714, web clients 732, 734, or network client 722 can automatically provide e-mail notification or other voice messaging to cellular telephone users 728, PDA users 730, or other net clients or web-based clients of various real-time situations. These real-time situations can relate to particular inventory objects reaching replenishment levels, critical levels, or over-stock levels. In addition, the host computer 714, the net client 722, or web clients 732, 734 can automatically e-mail suppliers, vendors, distributors, and/or manufacturers to re-order predetermined specific amounts of the particular inventory object associated with the particular inventory object and stored in the database system 716 as described above. Also, the host computer 714, net client 722 or web client 732, 734 can provide users with graphical or textual data regarding the current status of each inventory object. Data can be color coded to visually alert users to varying conditions within the inventory sensor network. These conditions can relate to both inventory levels and inventory sensor status. In addition, historical inventory data may be used and analyzed to enable the optimization of the required quantities of the inventory objects. A suitable software package for the host computer and also the net and web clients is the SuppliLink Software available from Visible Inventory, www.visibleinventory.com.
Those skilled in the art should readily appreciate that the programs defining the functions described herein can be delivered to a computer in many forms, including, but not limited to: (a) information permanently stored on non-writable storage media (e.g., read-only memory devices within a computer such as ROM or CD-ROM disks readable by a computer I/O attachment; (b) information alterably stored on writable storage medial (e.g., floppy disks, tapes read/write optical media and hard drives); or (c) information conveyed to a computer through a communication media, for example, using baseband signaling or broadband signaling techniques, such as over computer or telephone networks via a modem. The present embodiments may be implemented in a software executable out of a memory by a processor. Alternatively, the presently described functions may be embodied in part or in whole using hardware components such as Application Specific Integrated Circuits (ASICs), state machines, controllers or other hardware components or devices, or a combination of hardware components and software.
Although minimum and maximum quantity thresholds can be predetermined, the disclosed measurement and management control system further or optionally includes means for automatically and dynamically modifying these minimum and maximum quantity thresholds based on, for example, demand or consumption of each item or inventory object over a predefined period of time. This process is referred to as dynamic lot sizing. Dynamic lot sizing is an intelligent process that ensures, on one hand, an adequate inventory while, on the other hand, minimizes the carrying cost of overstocked inventory objects.
The means for automatically and dynamically modifying the minimum and maximum quantity thresholds can be structured and arranged as hardware components such as Application Specific Integrated Circuits (ASICs), state machines, controllers or other hardware components or devices, or a combination of hardware components and software. For example, referring to
Having described means for automatically and dynamically modifying the minimum and maximum quantity thresholds 80, dynamic lot sizing will now be described. During initialization or start-up, users can artificially predetermine minimum and maximum quantity thresholds for each item or inventory object. During start-up users can also specify a period of time or window, e.g., 30-, 60- or 90-day window, over which the means for automatically and dynamically modifying the minimum and maximum quantity thresholds 80 will determine and record the demand or consumption of each item or inventory object during the window. The window can also be structured and arranged as a sliding scale whereby the period of time having experienced the greatest demand or consumption of the item or inventory object is used to modify the minimum and maximum quantity thresholds rather than the demand or consumption during the most recent period of time.
If the actual demand or consumption during the window is less than the predetermined minimum and maximum quantity thresholds, the minimum and maximum quantity thresholds can be modified downwards or left alone. However, if the actual demand or consumption during the window is greater than the predetermined minimum and maximum quantity thresholds, the minimum and maximum quantity thresholds can be modified upwards to reflect the need to have more of the inventory objects on hand.
The means for automatically and dynamically modifying the minimum and maximum quantity thresholds 80 can also be adapted to record delivery times and rush delivery times for each of the suppliers, vendors, distributors or manufacturers so that, in modifying any of the minimum or maximum quantity thresholds, the means 80 can also take into account the turn-around time from order to delivery.
The means for automatically and dynamically modifying the minimum and maximum quantity thresholds 80 can also be adapted to account for seasonal variations in demand and consumption. For example, using a sliding-scale, 90-day sampling window, the means for automatically and dynamically modifying the minimum and maximum quantity thresholds 80 can determine the demand or consumption for each 90-day window. When historical data for a period of years is available, these data can be used to compare the maxima and minima, to identify seasonal trends by which the minimum and maximum quantity thresholds can be modified. Those of ordinary skill in the art should further appreciate that variations to and modification of the above-described methods and apparatus for providing automated inventory computation and ordering may be made without departing from the inventive concepts disclosed herein. Accordingly, the invention should be viewed as limited solely by the scope and spirit of the appended claims.
This application claims priority to U.S. provisional patent applications No. 60/108,843, filed Nov. 18, 1998, entitled Inventory Management System, and U.S. provisional patent application No. 60/136,297, filed May 27, 1999, entitled Inventory Control and Communication System. This application is a continuation-in-part of utility patent application Ser. No. 10/453,451, filed Jun. 3, 2003, entitled Inventory Control and Communication System, which is a continuation-in-part of utility patent application Ser. No. 09/442,889, filed Nov. 18, 1999, entitled Inventory Control and Communication System (previously abandoned).
Number | Date | Country | |
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60108843 | Nov 1998 | US | |
60136297 | May 1999 | US |
Number | Date | Country | |
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Parent | 10453451 | Jun 2003 | US |
Child | 12006797 | US | |
Parent | 09442889 | Nov 1999 | US |
Child | 10453451 | US |