Method for monitoring excess inventory

Details Method for monitoring excess inventory Method for monitoring excess inventory

1997-11-25

1999-09-28

Peeso, Thomas R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Inventory management

705 22, G06F 1700

Patent

active

059604140

ABSTRACT:
An excess inventory system monitors excess material. In the system, requirements are determined for each component part over a predetermined period (e.g., 6 months) from material requirements planning (MRP) data. When forecasting for the component part is to be determined using an MRP planning method, the MRP data is used to determine a number of excess component parts. The number of excess components is then recorded in a record for the component part within an excess inventory table. When forecasting for the component part is to be determined using an alternate planning method which is alternate to MRP, the alternate planning method is used to determine a number of excess component parts. The number of excess components and a notation indicating the alternate planning method used are then recorded in the record for the component part within the excess inventory table.

REFERENCES:
patent: 5101352 (1992-03-01), Rembert
Robert W. Hall, Planning Your Material Requirements, Harvart Business Review, Sep./Oct. 1978, p. 105.
Ann Saccomano, The Great MRP Debate, Traffic World, Oct. 21, 1996, p. 22.
Kevin Parker, Evolution continues in MRP II-type systems, Manufacturing Systems, V12 n7, pp. 32-54, Jul. 1994, ISSN: 0748948X.

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