Sales forecast system and method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
Nov 3, 2005
app pub date -
Apr 29, 2004
filing date -
Apr 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A sales forecasting system (10) and method receives weather data and make sales forecasts for one or more products using the weather data. More specifically, a manufacturer or distributor of the products may use the system (10) and method to generate a sales forecast for each product at each of a plurality of stores based on the weather data that applies to each store. The sales forecasts are then sent onto any interested parties, such as the stores or distributors associated with each store, in an effort to ensure the stores retain sufficient stock of the products to meet the sales forecast. The manufacturer may also be able to use the sales forecasts to plan manufacturing cycles of the products. In this manner, all of the interested parties are able to minimize store outages while maximizing shelf and storage space, thereby maximizing potential profits and minimizing operating costs.
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