Invention Grant
- Patent Title: System and method for rebalancing inter-store retail inventories utilizing overstock inventory
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Application No.: US15419302Application Date: 2017-01-30
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Publication No.: US10713615B2Publication Date: 2020-07-14
- Inventor: Lisa Marie Smith , Michael R. Johnson
- Applicant: Oracle International Corporation
- Applicant Address: US CA Redwood Shores
- Assignee: Oracle International Corporation
- Current Assignee: Oracle International Corporation
- Current Assignee Address: US CA Redwood Shores
- Agency: Potomac Law Group, PLLC
- Main IPC: G06Q10/08
- IPC: G06Q10/08 ; G06Q30/06 ; G06Q10/06

Abstract:
Systems and methods that mitigate inventory overstock of a retail product are provided. The systems and methods receive inventory information for the retail product and determine, according to the inventory information for the retail product, whether a number of stock cover days is greater than a stock cover days threshold. It is also determined, according to the inventory information for the retail product, whether a projected inventory is greater than an overstock units threshold. When the number of stock cover days is greater than the stock cover days threshold, and when the projected inventory is greater than the overstock units threshold, it is determined whether another store location is ordering the retail product, and when another store location is ordering, an overstock rebalancing alert is provided to a user.
Public/Granted literature
- US20180218312A1 INVENTORY REBALANCE Public/Granted day:2018-08-02
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