Joseph M Walter

US Patent:

8234186, Jul 31, 2012

Filed:

Nov 28, 2007

Appl. No.:

11/946567

Inventors:

Brian S. Alba - Huntersville NC, US
Joseph M Walter - Charlotte NC, US
Miroslav S. Karamanov - Charlotte NC, US
Margaret A. Johnson - Huntersville NC, US
Robert Bruce Sadler - Lake Wylie SC, US
Kristy Crist - Charlotte NC, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 10/00

US Classification:

705 28, 705 1, 705 10, 705 16

Abstract:

An inventory management method and system may be capable of monitoring an inventory by compiling historical data relating to the inventory, defining net inventory needs, and calculating the quantity and/or types of inventory that may be needed to maintain a suitable level of inventory. More than one inventory and respective source may be included in the calculation of the inventory needs. The calculation may determine the inventory needs at a particular location or the inventory that must be maintained at a particular location based at least in part on the historical data, the inventory needs, and the customer's needs. The inventory and/or inventory locations may be consolidated, increased, decreased, and eliminated, as suitable to meet the needs of the customer. The net change in inventory related costs resulting from facility changes such as consolidation, increase, decrease, and elimination may be calculated and optimized.