A Method and System for Automatically Replenishing Materials for Demand With Available Substitute Or Alternate Parts In Real-Time
Publication Date: 2010-Jul-18
The IP.com Prior Art Database
A method and system is disclosed for automatically replenishing materials for demand that has available substitute or alternate parts in real-time, making best use of available inventory. The method involves reviewing available inventory against all material demands using a consolidated view of available supply of both primary and substitute parts, a consolidated view of demand driven by all sources and activities within the facility, iteratively working through the data to determine the material requirements. Conditional usage (differential substitute part usage based on type of product), part usage priority, and relative procurement percentage targets are analyzed, and the 'most available' (least constrained) parts are selected to fulfill each demand, making best use of the available inventory.