Inventory forecasting system
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United States of America Patent
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Issued Date -
May 26, 2005
app pub date -
Nov 26, 2003
filing date -
Nov 26, 2003
priority date (Note) -
Abandoned
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Abstract
An inventory forecasting system includes an input receptive of a product total and a probability of product failure over a predetermined amount of time. A gross material plan for a lifetime, such as a product service term or portion thereof, is determined based on the product total and the probability of product failure. A releasing plan is devised to accomplish automatic release of products to a supply base based on volume assumptions determined as a function of the gross material plan.
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