Method and apparatus for inventory control of a manufacturing or distribution process
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United States of America Patent
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Oct 6, 1998
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N/A
app pub date -
Mar 22, 1996
filing date -
Mar 22, 1996
priority date (Note) -
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Abstract
A method and apparatus, using a computer model, to control a manufacturing or distribution process, which determines a demand forecast by using an optimized historical weighting factor, determines an upper and a lower bound of a planned inventory by explicitly accounting for the customer order lead time, and computes a production schedule at predetermined intervals to maintain an actual inventory between the upper and lower bounds of the planned inventory.
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