Company Filing History:
3 out of 14,076 
1 out of 7,865 
1 out of 1 Years Active: 1997-2014
Title: John E Krech: Innovator in Economic Profit and Polymer Technology
Introduction
John E Krech is a notable inventor based in Eagan, MN (US), recognized for his contributions to inventory management and polymer technology. With a total of five patents to his name, Krech has made significant advancements in optimizing economic profit and developing innovative materials for shipping and storage.
Latest Patents
Krech's latest patents include "Automated replenishment using an economic profit quantity." This invention shifts the focus of inventory management from merely maximizing cost to maximizing economic profit, taking into account income tax implications. The system provides methods for digitally calculating an economic profit quantity that maximizes economic profit, defined as the excess of net operating income over capital charge. It also includes recommendations for safety stock and methods for automatically placing orders and selecting suppliers. Another significant patent is for "Plastic shipping and storage containers and composition and method therefore." This invention involves a polymeric composition that combines a thermosetting resin and a polyolefin resin, resulting in a semi-interpenetrating polymer network. The containers produced from this composition exhibit various properties, including fire resistance and enhanced friction surfaces.
Career Highlights
Throughout his career, John E Krech has worked with prominent companies such as 3M Innovative Properties Company and Minnesota Mining and Manufacturing Company. His work in these organizations has allowed him to develop and refine his innovative ideas, contributing to advancements in both economic profit strategies and material science.
Collaborations
Krech has collaborated with notable individuals in his field, including Paul D Driscoll and James R Harrison. These collaborations have further enriched his work and expanded the impact of his inventions.
Conclusion
John E Krech's innovative contributions to economic profit optimization and polymer technology have established him as a significant figure in his field. His patents reflect a commitment to enhancing efficiency and functionality in inventory management and material development.