INTEGRATED PART INVENTORY MANAGEMENT SYSTEM AND METHOD
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United States of America Patent
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Issued Date -
Oct 15, 2015
app pub date -
Apr 9, 2014
filing date -
Apr 9, 2014
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Abstract
A method includes receiving, by an inventory management system (IMS) program executing on a computing device, a remaining useful life (RUL) formulation for a part of a machine that estimates an amount of time for which the part will continue to perform its intended function and a potential unscheduled maintenance event. The method also includes receiving, by the IMS program, replacement part order lead time data and anticipated replacement part inventory level data from a part inventory database. The method also includes determining, by the IMS program and based on the RUL formulation, the replacement part order lead time data, and the anticipated part replacement inventory level data, that an order for a replacement part should be initiated.
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