Patent ID: 7896244
Filing Date: 2011-03-01
Classification: G06Q

Abstract:
1. A method of managing a collection of stock replenishment systems controlling one or more items at one or more stores, said method comprising: a. defining a combined in-stock objective for all items in all stores controlled by the collection of stock replenishment systems as a desired fraction of the stock replenishment systems that are in-stock on any given day; b. defining a meets objective for the percentage of time that the combined in-stock objective is desired to be met across all stores and all items controlled by the collection of stock replenishment systems; c. determining a common single-store single-item out-of-stock probability employed by each of the collection of stock replenishment systems from the defined combined in-stock objective and the defined meets objective; d. obtaining point-of-sale data for each store and each item controlled by the collection of stock replenishment systems; e. determining a multi-day maximal sales for each store and each item on each stock replenishment system on the collection of stock replenishment systems which corresponds to the common single-store single-item out-of-stock probability, wherein the maximal sales are determined by calculating a parameter of a Compound Poisson distribution from the point-of-sale data and using the parameter to determine the maximal sales which correspond to the single store out-of-stock probability and wherein the parameters of the Compound Poisson distribution are an expected number of shoppers per day times a lead time plus one day; and f. setting the reorder point for each stock replenishment system software program based on the maximal sales.