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:
Mar. 28, 2023
Filed:
May. 09, 2018
Target Brands, Inc., Minneapolis, MN (US);
Gregory Malecha, Sunnyvale, CA (US);
Abhijith Neerkaje, Minneapolis, MN (US);
Aron Gruzman, San Francisco, CA (US);
Ashwin Rao, Palo Alto, CA (US);
Chandrashekar Tallichetty, Minneapolis, MN (US);
Jeffrey Eul, Minneapolis, MN (US);
Joseph Cox, Sunnyvale, CA (US);
Shaokuan Chen, Minneapolis, MN (US);
Tikhon Jelvis, Sunnyvale, CA (US);
TARGET BRANDS, INC., Minneapolis, MN (US);
Abstract
Methods and systems for managing inventory items within a supply chain are disclosed. One method includes receiving, at a software tool, inputs related to a plurality of inventory items, the inputs including a cost of holding each of the plurality of inventory items at a location type. The method includes determining, individually for each inventory item of a plurality of inventory items, an optimal inventory balance across a plurality of locations, wherein the optimal inventory balance is a predetermined statistical availability level set based on a desired customer availability of the inventory item. The method further includes automatically generating one or more inventory adjustment requests to achieve the optimal inventory balance across each of the plurality of locations for each of the plurality of inventory items.