Inventory early warning agent with correction by error...

Details Inventory early warning agent with correction by error... Inventory early warning agent with correction by error...

2007-05-29

2007-05-29

Rudy, Andrew Joseph (Department: 3627)

Registers

Systems controlled by data bearing records

Inventory

C705S028000, C700S106000

Reexamination Certificate

active

10208186

ABSTRACT:
An inventory agent operating on software includes instructions operable to cause a programmable processor to receive inventory data relating to stock in an inventory. The inventory data includes planned inventory data and actual inventory data. The instructions are operable to cause the programmable processor to use the inventory data to calculate one or more correlations in errors between the planned inventory data and the actual inventory data, use the one or more correlations in errors to estimate a probability density for one or more errors, calculate a predicted inventory level, calculate a likely error of the predicted inventory level using the estimate of the probability density, and adjust the predicted inventory level with the likely error to estimate a likely actual inventory level. The inventory agent may be implemented in a supply chain management system.

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