METHOD AND SYSTEM FOR OPTIMIZING PRODUCT INVENTORY COST AND SALES REVENUE THROUGH TUNING OF REPLENISHMENT FACTORS
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United States of America Patent
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Jan 29, 2015
app pub date -
Jul 28, 2014
filing date -
Jul 26, 2013
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Abstract
A method and system for predicting the impact of replenishment levers on product service level, lost sales, and on-shelf availability for a retailer. The method and system models cost and revenue elasticity curves for a product or group of products and analyzes the cost and revenue elasticity curves, measures the impact of tuning the replenishment levers on inventory cost and sales revenue, and identifies values for the product replenishment levers to optimize replenishment system policies and product profitability.
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