System and method for rebalancing inter-store retail inventories utilizing overstock inventory

System and method for rebalancing inter-store retail inventories utilizing overstock inventory

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 st...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Smith, Lisa Marie, Johnson, Michael R
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
Online-Zugang:Volltext bestellen
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung: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.