Inventory management strategy evaluation system and method

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Inventory management

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705 29, 705 8, 705 22, G06F15300

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059639199

ABSTRACT:
A system and method for evaluating an inventory management strategy combines multiple management strategies in a single inventory management system. The system analyzes the inventory portfolio on an item-by-item basis to assign the most suitable management strategy for that item. The inventory management system provides a high level of flexibility for the users to define input parameters to ensure a desired level of customer satisfaction. Additionally, it determines whether the inventory items are forecastable before predicting future demands.

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