MODELING INVENTORY PERFORMANCE FOR OMNI-CHANNEL FULFILLMENT IN RETAIL SUPPLY NETWORKS
A method and computer readable medium for selecting order fulfillment nodes within an order fulfillment system. The method determines one or more product-node pairs of an omni-channel order fulfillment system responsive to a received customer order. There is received for each determined product-node...
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Main Authors | , , , , , , , , , , , |
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Format | Patent |
Language | English |
Published |
16.11.2017
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Subjects | |
Online Access | Get full text |
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Summary: | A method and computer readable medium for selecting order fulfillment nodes within an order fulfillment system. The method determines one or more product-node pairs of an omni-channel order fulfillment system responsive to a received customer order. There is received for each determined product-node pair, a first input including an associated price and a price markdown rate (r) for the product. There is further received for each product-node pair, input representing a current amount of supply availability of the product (w) for a period of time in an inventory; and a first threshold value and a second threshold values defining a supply availability window of the product. The method computes an inventory performance value based on the current w, the defined supply availability window, and one or more the p and r values; and selects a node for customer order fulfillment based on the computed cost of inventory performance value. |
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Bibliography: | Application Number: US201615154285 |