The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 24, 2019
Filed:
Jul. 05, 2017
Accenture Global Solutions Limited, Dublin, IE;
Yukihisa Fujita, Tokyo, JP;
Takahiro Sasaki, Tokyo, JP;
Takuya Kudo, Kirkland, WA (US);
Kana Cornett, Saitama, JP;
Akira Yotsuyanagi, Tokyo, JP;
Takaaki Haraguchi, Chiba, JP;
ACCENTURE GLOBAL SOLUTIONS LIMITED, Dublin, IE;
Abstract
A system for automatic ordering of products comprises a receiver to receive stock parameters including a number of products sold till a point in time, an expiration duration for usage of products, or a number of products available in an inventory at the time. The system also includes a stock analyzer to determine a stock-out probability factor based on the number of products sold and estimated short term sales, determine a disposal probability factor based on the number of products sold, the expiration duration and estimated long term sales, ascertain a risk balance factor indicative of a ratio of the disposal probability factor to the stock-out probability factor, determine a number of products to replenish the inventory, based on the stock-out probability factor, the disposal probability factor, and the risk balance factor, and place a purchase order to a vendor for acquiring the number of products for replenishing the inventory.