Patent ID: 8467894
Filing Date: 2013-06-18
Classification: G06Q

Abstract:
1. An apparatus comprising one or more processors for executing software instructions for managing discontinuation of a product, the software instructions when executed by the one or more processors performing steps comprising: a) identifying a product that currently is being manufactured, wherein the product comprises a plurality of parts; b) identifying an objective to be achieved in connection with the product; c) obtaining information regarding the parts of said product, said information including: (i) an existing inventory quantity for at least one of the parts and (ii) at least one of a salvage value and a procurement cost for at least one of the parts; and d) generating a plan for at least one of manufacturing the product or procuring additional quantities of the parts, based on the identified objective and the obtained parts information, wherein the identified objective includes discontinuing the product in a manner that at least one of maximizes gross profit or minimizes writeoff costs.