Company Filing History:
Years Active: 2004-2007
Title: Barun Gupta: Innovator in Demand Forecasting and Inventory Management
Introduction
Barun Gupta is a notable inventor based in Shelton, CT (US), recognized for his contributions to the fields of demand forecasting and inventory management. With a total of 3 patents to his name, Gupta has developed innovative methods that enhance the efficiency of manufacturing processes.
Latest Patents
One of Gupta's latest patents is titled "Forecasting demand for critical parts in a product line." This invention presents a method for forecasting the demand for components used in the manufacturing of various devices. The method involves determining the production quantity of each device, analyzing the components required, and calculating the total volume needed to meet production demands. It also identifies critical components that may have insufficient supply and calculates the necessary volume to ensure production continuity.
Another significant patent is the "Method, system, and storage medium for utilizing excess and surplus inventory." This invention outlines a comprehensive approach to managing excess inventory of parts used in end products. It includes determining the total quantity of excess parts required for production and generating reports that detail the dollar value of excess parts consumed and additional parts needed for manufacturing.
Career Highlights
Barun Gupta is currently employed at International Business Machines Corporation (IBM), where he applies his expertise in developing innovative solutions for complex manufacturing challenges. His work has significantly contributed to improving operational efficiencies within the company.
Collaborations
Gupta has collaborated with notable colleagues, including Anthony V Ferreri and George W Reiche, to further enhance the impact of his inventions in the industry.
Conclusion
Barun Gupta's innovative work in demand forecasting and inventory management exemplifies the importance of creativity in manufacturing processes. His patents not only address current challenges but also pave the way for future advancements in the field.