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:
Apr. 13, 2021
Filed:
Aug. 06, 2009
Applicant:
Robert H. Scheer, Chicago, IL (US);
Inventor:
Robert H. Scheer, Chicago, IL (US);
Assignee:
W.W. Grainger, Inc., Lake Forest, IL (US);
Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 10/08 (2012.01); G06Q 20/20 (2012.01);
U.S. Cl.
CPC ...
G06Q 10/087 (2013.01); G06Q 10/08 (2013.01); G06Q 20/203 (2013.01);
Abstract
A method for managing inventory within a supply chain. The method is performed by providing forecasts of demand for items distributed within the supply chain, using the forecasts to establish base stocking levels and reorder points within the supply chain, and using the established base stocking levels and reorder points to position items within the supply chain so as to maximize efficiency and profitability when responding to an order for an item.