LI SHAN CHEN
Pharmacy at Path Plz, Jersey City, NJ
License number
New Jersey 28RI03041600
Category
Pharmacy
Type
Pharmacist
License number
New Jersey 052471-1
Category
Pharmacy
Type
Pharmacist
Address
Address
1 Path Plz, Jersey City, NJ 07306
Phone
(201) 459-0614
(201) 459-0922 (Fax)
(347) 351-4636
(201) 459-0922 (Fax)
(347) 351-4636
Professional information
Methods For Reducing Retail Out-Of-Stocks Using Store-Level Rfid Data
US Patent:
2007006, Mar 15, 2007
Filed:
Sep 11, 2006
Appl. No.:
11/519449
Inventors:
Li Chen - Jersey City NJ, US
Jie Weng - Sunnyvale CA, US
Raymond Blanchard - Morgan Hill CA, US
Baskar Jayaraman - Fremont CA, US
Eric Peters - Aptos CA, US
Suresh Kuppahally - Saratoga CA, US
Calvin Lee - San Francisco CA, US
Jie Weng - Sunnyvale CA, US
Raymond Blanchard - Morgan Hill CA, US
Baskar Jayaraman - Fremont CA, US
Eric Peters - Aptos CA, US
Suresh Kuppahally - Saratoga CA, US
Calvin Lee - San Francisco CA, US
International Classification:
G06Q 90/00
US Classification:
705022000
Abstract:
Methods and systems for predicting out-of-stock occurrences and for assigning root causes to out-of-stock occurrences are described. In one implementation, inventory data and point of sale data are collected. An expected lost sales value is determined. A true demand is determined based on the point-of-sale data and the expected lost sales value. A probability of an out-of-stock occurrence is determined based on the inventory data. In another implementation, an out-of-stock occurrence is identified. The out-of-stock occurrence is classified, and one or more root causes are assigned to the out-of-stock occurrence.