Invention Grant
- Patent Title: System and method for management of perpetual inventory values based upon financial assumptions
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Application No.: US15917942Application Date: 2018-03-12
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Publication No.: US10558947B2Publication Date: 2020-02-11
- Inventor: Greg A. Bryan , Cristy C. Brooks , David B. Brightwell , Benjamin D. Enssle
- Applicant: Walmart Apollo, LLC
- Applicant Address: US AR Bentonville
- Assignee: Walmart Apollo, LLC
- Current Assignee: Walmart Apollo, LLC
- Current Assignee Address: US AR Bentonville
- Agency: Fitch, Even, Tabin & Flannery LLP
- Main IPC: G06Q10/08
- IPC: G06Q10/08 ; G06Q40/00

Abstract:
A book inventory monetary value of a selected product in the retail store is received. The book inventory monetary value is the monetary value of the selected product according to the accounting records of a retail store. A perpetual inventory (PI) monetary value is also received from the retail store. The PI monetary value is a product of multiplying a PI value for the selected product with the cost of the selected product. The book inventory monetary value and the PI monetary value are stored in a database. Subsequently, the book inventory monetary value and the PI monetary value are retrieved from the database. A difference between the book inventory monetary value and the PI monetary values is determined. An adjustment of the PI value is determined based upon the difference.
Public/Granted literature
- US20180268365A1 SYSTEM AND METHOD FOR MANAGEMENT OF PERPETUAL INVENTORY VALUES BASED UPON FINANCIAL ASSUMPTIONS Public/Granted day:2018-09-20
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