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US 11,080,652 B2Granted
Method and system for supply chain management
AssigneeFlexport, Inc.
InventorsAnthony Chen, Sean Linehan, Andrew Coyle
Life of this patent
Estimating the term…
Abstract
This disclosure pertains to systems and methods for managing supply chains. In one embodiment, the systems and methods disclosed herein comprise an automated system for maintaining an inventory of products. In one embodiment, the systems and methods disclosed herein optimize time and financial costs required for transporting mass via freight services.
Claims23
A computer-implemented method comprising:
- monitoring, by a computing device, inventory data that comprises product data for a plurality of products in an entity's physical possession;
- wherein said monitoring comprises:
- based on the product data of the inventory data, determining, by the computing device, real-time product data for a particular product of the plurality of products, the real-time product data comprising an estimated number of the particular product physically possessed by the entity at a particular time, and
- determining, by the computing device, a turnover rate for the particular product, the turnover rate comprising a rate at which items enter and leave physical possession of the entity;
- based, at least in part, on said monitoring, determining, by the computing device, to generate a purchase order for the particular product;
- responsive to determining to generate a purchase order for the particular product:
- calculating, by the computing device, a plurality of composite scores that comprises a composite score for each supply chain of a plurality of supply chains;
- wherein each supply chain, of the plurality of supply chains, represents transportation of the particular product from a source location to a destination location;
- wherein the composite score for each supply chain, of the plurality of supply chains, includes a plurality of components comprising:
- a price-based value comprising one or more of:
- a total price for said each supply chain, or a unit price for said each supply chain;
- a time-based value comprising one or more of:
- a duration for said each supply chain, or a time of arrival for said each supply chain;
- and
- one or more of:
- a rating for said each supply chain, a review for said each supply chain, goodwill of a service for said each supply chain, product quality for said each supply chain, or ecological impact of said each supply chain;
- and
- selecting a supply chain of the plurality of supply chains, wherein the selected supply chain is associated with a particular freight service provider;
- generating, by the computing device, a particular purchase order for the particular product based on the selected supply chain;
- and
- sending the particular purchase order to the particular freight service provider.
18 more elements
A system comprising one or more processors and main memory comprising one or more sequences of instructions that, when executed by the one or more processors, cause:
- monitoring, by a computing device, inventory data that comprises product data for a plurality of products in an entity's physical possession;
- wherein said monitoring comprises:
- based on the product data of the inventory data, determining, by the computing device, real-time product data for a particular product of the plurality of products, the real-time product data comprising an estimated number of the particular product physically possessed by the entity at a particular time, and
- determining, by the computing device, a turnover rate for the particular product, the turnover rate comprising a rate at which items enter and leave physical possession of the entity;
- based, at least in part, on said monitoring, determining, by the computing device, to generate a purchase order for the particular product;
- responsive to determining to generate a purchase order for the particular product:
- calculating, by the computing device, a plurality of composite scores that comprises a composite score for each supply chain of a plurality of supply chains;
- wherein each supply chain, of the plurality of supply chains, represents transportation of the particular product from a source location to a destination location;
- wherein the composite score for each supply chain, of the plurality of supply chains, includes a plurality of components comprising:
- a price-based value comprising one or more of:
- a total price for said each supply chain, or a unit price for said each supply chain;
- a time-based value comprising one or more of:
- a duration for said each supply chain, or a time of arrival for said each supply chain;
- and
- one or more of:
- a rating for said each supply chain, a review for said each supply chain, goodwill of a service for said each supply chain, product quality for said each supply chain, or ecological impact of said each supply chain;
- and
- selecting a supply chain of the plurality of supply chains, wherein the selected supply chain is associated with a particular freight service provider;
- generating, by the computing device, a particular purchase order for the particular product based on the selected supply chain;
- and
- sending the particular purchase order to the particular freight service provider.
18 more elements
Dependencies are inferred from the claim text.