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1. (WO2018129502) SYSTEMS AND METHODS FOR DETERMINING INVENTORY DEMANDS OF NEWLY OPENED STORES

Pub. No.:    WO/2018/129502    International Application No.:    PCT/US2018/012885
Publication Date: Fri Jul 13 01:59:59 CEST 2018 International Filing Date: Wed Jan 10 00:59:59 CET 2018
IPC: G06Q 10/00
Applicants: WALMART APOLLO, LLC
Inventors: BROOKS, Cristy C.
BRYAN, Greg A.
BRIGHTWELL, David Blair
ENSSLE, Benjamin D.
Title: SYSTEMS AND METHODS FOR DETERMINING INVENTORY DEMANDS OF NEWLY OPENED STORES
Abstract:
In some embodiments, apparatuses and methods are provided herein useful to estimating and adjusting initial inventory demands at new shopping facilities based on real time sales data. In some embodiments, there is provided a system including: a new shopping facility database including demographic and geographic data about a new shopping facility; an existing shopping facility database including demographic, geographic, and historic sales data at existing shopping facilities; real time inventory data including sales at the new shopping facility after opening; and a central computing system identifying an existing shopping facility with similar demographic and geographic data to the new shopping facility; determining the historic sales at the existing shopping facility; calculating a first estimate of inventory demand for merchandise items at the new shopping facility; and calculating a second estimate of inventory demand for the merchandise items at the new shopping facility based on real time inventory data.