US Patent Application 17828347. INTELLIGENT BALANCING OF ITEMS MANAGED IN AN INFORMATION PROCESSING SYSTEM simplified abstract
Contents
INTELLIGENT BALANCING OF ITEMS MANAGED IN AN INFORMATION PROCESSING SYSTEM
Organization Name
Inventor(s)
Rohit Gosain of Bangalore (IN)
Ajay Maikhuri of Bangalore (IN)
Shibi Panikkar of Bangalore (IN)
INTELLIGENT BALANCING OF ITEMS MANAGED IN AN INFORMATION PROCESSING SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 17828347 titled 'INTELLIGENT BALANCING OF ITEMS MANAGED IN AN INFORMATION PROCESSING SYSTEM
Simplified Explanation
- The patent application describes automated techniques for managing items across multiple sites. - The techniques involve predicting stock factors and aging item counts for each site based on historical data. - A plan is then computed to move a certain amount of items between sites to meet demand forecasts. - The goal is to balance inventory and ensure efficient distribution of items across the sites.
Original Abstract Submitted
Automated item management techniques comprising balancing of items across a plurality of sites are disclosed. For example, for a given item type stored as inventory at a plurality of sites, a method predicts a stock factor for each of the plurality of sites based on historical stock factor data. The method also predicts an aging items count for each of the plurality of sites based on historical aging item data. The method computes a plan, based on the predicted stock factor and the predicted aging items count for each of the plurality of sites, to move an amount of the given item type between two or more of the plurality of sites to satisfy a demand forecast at each site.
