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1. (WO2018200546) SYSTEM AND METHOD FOR ESTABLISHING REGIONAL DISTRIBUTION CENTER INVENTORY LEVELS FOR NEW THIRD PARTY PRODUCTS

Pub. No.:    WO/2018/200546    International Application No.:    PCT/US2018/029173
Publication Date: Fri Nov 02 00:59:59 CET 2018 International Filing Date: Wed Apr 25 01:59:59 CEST 2018
IPC: G06Q 10/08
G06Q 30/00
G06Q 30/02
Applicants: WALMART APOLLO, LLC
Inventors: NEMATI, Behzad
NAZARIAN, Ehsan
Title: SYSTEM AND METHOD FOR ESTABLISHING REGIONAL DISTRIBUTION CENTER INVENTORY LEVELS FOR NEW THIRD PARTY PRODUCTS
Abstract:
Systems, methods, and computer-readable storage media for using historical data associated with related products, current inventory levels, and machine learning, to predict the amount of inventory for a new product (which a retailer has not previously sold) multiple retail locations require. Data regarding actual sales of the new product is then saved and used to update the machine learning model, such that the next time a new product is released, an improved algorithm for predicting the demand is used.