System and method of just-in-time reverse logistics management
AssigneeRent the Runway
InventorVijay Subramanian
Life of this patent
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Abstract
A system and method for just in-time reverse logistics management directed to receiving one or more product orders associated with one or more individual SKU's; tracking one or more products SKU's through a cyclical product lifecycle, matching a product order with a product in the cyclical product lifecycle; assembly the product order based on the priority hierarchy; and shipping the product order based on the priority hierarchy.
Claims20
A method for implementing just-in-time reverse logistics inventory management over a network on a computing system that includes a computing device having a processor associated therewith, wherein the processor includes instructions for executing the method comprising:
- mapping in real-time all reservations against an inventory of products as the products advance through a cyclical product lifecycle, wherein the cyclical product lifecycle includes any of:
- receiving a returned product, presorting the returned product, performing maintenance on the returned product, and restocking the returned product, matching a product order with the returned product, assembling the product order, or shipping the product order;
- receiving over the network from a user terminal a new product order associated with a reservation for one or more individual SKUs;
- establishing a priority hierarchy for the reservation against the inventory of products;
- receiving information over the network from the user terminal, wherein the received information corresponds to a receipt of a returned product associated with an individual SKU;
- assigning a priority code for the returned product based on the priority hierarchy;
- sending over the network to the user terminal the priority code by which one or more operations are performed on the returned product, the operations including any of:
- presorting the returned product based on the priority hierarchy;
- performing maintenance on the returned product as necessary;
- restocking the returned product;
- matching the new product order with the returned product;
- assembling the new product order based on the priority hierarchy;
- or
- shipping the new product order based on the priority hierarchy;
- wherein the mapping is recalculated anytime a material change is made to any product in the inventory of products.
A system for implementing just-in-time reverse logistics management, the system comprising:
- a computing device including a processor;
- and
- a mechanism for sending and receiving information between the computing device and a user terminal over a network;
- wherein the processor includes instructions for executing a method comprising:
- mapping in real-time all reservations against an inventory of products as the products advance through a cyclical product lifecycle, wherein the cyclical product lifecycle includes any of:
- receiving a returned product, presorting the returned product, performing maintenance on the returned product, and restocking the returned product, matching a product order with the returned product, assembling the product order, or shipping the product order;
- receiving over the network from a user terminal a new product order associated with a reservation for one or more individual SKUs;
- establishing a priority hierarchy for the reservation against the inventory of products;
- receiving information over the network from the user terminal, wherein the received information corresponds to a receipt of a returned product associated with an individual SKU;
- assigning a priority code for the returned product based on the priority hierarchy;
- sending over the network to the user terminal the priority code by which one or more operations are performed on the returned product, the operations including and of:
- presorting the returned product based on the priority hierarchy;
- performing maintenance on the returned product as necessary;
- inspecting the returned product;
- restocking the returned product;
- matching the new product order with the returned product;
- assembling the new product order based on the priority hierarchy;
- or
- shipping the new product order based on the priority hierarchy;
- wherein the mapping is recalculated anytime a material change is made to any product in the inventory of products.
Dependencies are inferred from the claim text.