Method for stock keeping, computer system and computer program

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis

Reexamination Certificate

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C705S007110, C705S007120

Reexamination Certificate

active

08036927

ABSTRACT:
The present invention relates to a method, computer system and computer program for stock keeping. An embodiment of the invention determines forecast values of quantities to be consumed of a stock keeping unit for at least two different forecast time spans depending on a historical consumption data. The invention further determines order values of order quantities for each forecast value depending on a respective forecast value, stock keeping costs and ordering costs. The invention further determines an associated order quantity time span for each order value. The invention further determines a respective pair of forecast value and order value with the least deviation between forecast time span and order quantity time span from forecast values, forecast values respective forecast time spans, the order values and the order values respectively associated with order quantity time spans. The invention further processes the determined pair of forecast value and determined order value.

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Ardalan, Alireza. A comparative analysis of approaches for determining optimal price and order quantity when a sale increases demand. European Journal of Operational Research. v84n2 pp. 416-430, Jul. 20, 1995.

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