Company Filing History:
Years Active: 2012-2013
Title: Preston McCreary – Innovator in Inventory Management
Introduction
Preston McCreary, an inventive mind hailing from Larkspur, Colorado, has made noteworthy contributions to the field of inventory management. With a total of two patents under his name, McCreary's innovations focus on optimizing inventory investment through the analysis of historical usage data.
Latest Patents
McCreary's latest patents include a sophisticated inventory management system designed to enhance the efficiency of inventory control. This statistical system optimizes inventory investment by utilizing historical usage and consumption patterns of inventory components. By determining target inventory levels based on lead-time usage data — which is derived from summing historical usage over non-overlapping time periods — the system reduces variance in inventory forecasts compared to traditional day-to-day usage assessments. The graphical user interface allows users to visualize target inventory levels, streamlining the reordering process when actual inventory drops below replenishment levels.
Career Highlights
McCreary is actively working with Flowvision, LLC, where he applies his expertise in developing innovative solutions that address the complexities of inventory management. His contributions to the field have made a significant impact, offering businesses more reliable tools to maintain optimal inventory levels and reduce financial risks associated with overstocking and stockouts.
Collaborations
Throughout his career, McCreary has collaborated with talented individuals such as Michael Henderson and David Pytel. These partnerships have fostered an environment of shared ideas and innovation, ultimately leading to the advancement of inventory management technologies.
Conclusion
Preston McCreary's dedication to creating effective inventory management solutions through his patents highlights the importance of data-driven decision-making in business operations. His work not only benefits his company, Flowvision, LLC but also sets a standard for future innovations in the field. McCreary's journey as an inventor reflects the ongoing evolution of technology aimed at optimizing resource management for companies across various industries.