18598228. DEMAND DRIVEN, CONSTRAINT-BASED AND COST OPTIMIZED INBOUND CONTAINER PRIORITIZATION FOR RESILIENT SUPPLY CHAIN simplified abstract (Tata Consultancy Services Limited)

DEMAND DRIVEN, CONSTRAINT-BASED AND COST OPTIMIZED INBOUND CONTAINER PRIORITIZATION FOR RESILIENT SUPPLY CHAIN

Organization Name

Tata Consultancy Services Limited

Inventor(s)

Ignatius Pradeep of Chennai (IN)

Gaurav Jain of Thane (West) (IN)

DEMAND DRIVEN, CONSTRAINT-BASED AND COST OPTIMIZED INBOUND CONTAINER PRIORITIZATION FOR RESILIENT SUPPLY CHAIN - A simplified explanation of the abstract

This abstract first appeared for US patent application 18598228 titled 'DEMAND DRIVEN, CONSTRAINT-BASED AND COST OPTIMIZED INBOUND CONTAINER PRIORITIZATION FOR RESILIENT SUPPLY CHAIN

The patent application describes a method and system for demand-driven, constraint-based, and cost-optimized inbound container prioritization for a resilient supply chain.

• The system considers current demand, multiple constraints across various supply chain components, and multiple cost factors such as free days, demurrage, transportation, and manpower.
• It generates a dynamically prioritized list of inbound containers to be picked up from the destination port based on an intelligent ranking algorithm that calculates an urgency score for each container.
• The prioritization helps in maximizing profit and reducing logistic overheads for the retailer.

Potential Applications: - This technology can be applied in various industries that rely on efficient supply chain management, such as retail, manufacturing, and logistics. - It can also be used by shipping companies to optimize container prioritization and improve overall operational efficiency.

Problems Solved: - Addresses the issue of overlooking the port of dispatch to retailer segment in traditional supply chain management systems. - Helps in effectively managing volatile customer demand by prioritizing inbound containers based on various crucial parameters.

Benefits: - Maximizes profit for retailers by optimizing container prioritization. - Reduces logistic overheads and improves operational efficiency. - Enhances supply chain resilience by dynamically adapting to changing demand and constraints.

Commercial Applications: Title: "Demand-Driven Inbound Container Prioritization System for Resilient Supply Chains" This technology can be commercially used by retailers, shipping companies, and logistics providers to streamline operations, reduce costs, and improve customer satisfaction.

Questions about the technology: 1. How does the system calculate the urgency score for each container? The system calculates the urgency score based on crucial parameters such as current demand, constraints, and cost factors. 2. What are the key benefits of using this demand-driven container prioritization system? The system helps in maximizing profit, reducing logistic overheads, and enhancing supply chain resilience.

Original Abstract Submitted

State of art techniques supply chain management system tend to mostly focus on end to end supply chain management and lose focus on the port of dispatch to retailer segment of supply chain. A method and system for demand driven, constraint-based and cost optimized inbound container prioritization for resilient supply chain is disclosed. Current demand, multiple constraints across destination port, transport carriers, distribution centers, external factors, looks at multiple supply chain cost components like free days, demurrage, transportation, manpower is considered and a ‘n’ week rolling dynamically prioritized list of inbound containers, is generated, which needs to be picked up from the destination port for addressing the volatile customer demand. The dynamic prioritization uses an intelligent ranking algorithm that calculates an urgency score for each container based on crucial parameters before creating a pickup list and helps in maximizing profit while reducing logistic overheads for the retailer.