Larry M Newbanks

Title: Larry M Newbanks: Innovator in Distribution Systems

Introduction

Larry M Newbanks is a notable inventor based in Peoria, IL (US). He has made significant contributions to the field of distribution networks, holding a total of 2 patents. His work focuses on improving the efficiency of stock distribution and transportation within supply chains.

Latest Patents

One of Larry's latest patents is titled "Methods and systems for distributing stock in a distribution network." This patent discloses systems and methods for distributing stock across a network that includes a source location and multiple target locations. The stock requirements of these target locations are categorized into various requirement types, which reflect the specific stock needs of each location. Additionally, these requirement types are prioritized based on their importance, allowing for a more efficient distribution process. Another significant patent is "Rounding to transportation quantities," which presents a method and apparatus for rounding requested quantities to efficient transportation quantities in the supply chain. This method organizes target locations in a sequence and calculates a tolerance interval around the requested quantity for each location, ensuring that the requested values are rounded effectively.

Career Highlights

Throughout his career, Larry has worked with prominent companies such as SAP AG and SAP Aktiengesellschaft. His experience in these organizations has contributed to his expertise in developing innovative solutions for distribution challenges.

Collaborations

Larry has collaborated with notable coworkers, including Marlon S McDonald and Edward W Huber. Their combined efforts have further advanced the field of distribution systems.

Conclusion

Larry M Newbanks is a distinguished inventor whose work in distribution networks has led to valuable patents that enhance supply chain efficiency. His contributions continue to impact the industry positively.