METHODS AND SYSTEMS FOR RANDOMIZING STARTING RETAIL STORE INVENTORY WHEN DETERMINING DISTRIBUTION CENTER AND WAREHOUSE DEMAND FORECASTS
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United States of America Patent
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Issued Date -
Mar 3, 2011
app pub date -
Dec 22, 2009
filing date -
Sep 1, 2009
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Abstract
A method and system for determining distribution center or warehouse product order quantities of a slow selling product. The method includes the step of determining for each one of a plurality of stores supplied by the distribution center, a store order forecast for the slow selling product. The method generates a random beginning on-hand inventory value for stores with inventories below a minimum inventory threshold value. Store order forecasts are thereafter determined by subtracting the random beginning on-hand inventory value from store sales forecasts when the beginning on-hand inventory value is less than the minimum inventory threshold value, and subtracting the actual beginning on-hand inventory value from the store sales forecasts when the beginning on-hand inventory value is not less than the minimum inventory threshold value. The individual store order forecasts are accumulated to generate a distribution center demand forecast; which is compared with current and projected inventory levels for the product at the distribution center to determine distribution center order quantities necessary for maintaining a product inventory level sufficient to meet the distribution center demand forecast for the product.
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