Invention Grant
- Patent Title: Systems and methods for inventory management and optimization
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Application No.: US16506672Application Date: 2019-07-09
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Publication No.: US11620612B2Publication Date: 2023-04-04
- Inventor: Henrik Ohlsson , Gowtham Bellala , Sina Khoshfetrat Pakazad , Dibyajyoti Banerjee , Nikhil Krishnan
- Applicant: C3.AI, Inc.
- Applicant Address: US CA Redwood City
- Assignee: C3.AI, Inc.
- Current Assignee: C3.AI, Inc.
- Current Assignee Address: US CA Redwood City
- Main IPC: G06N20/00
- IPC: G06N20/00 ; G06Q10/087

Abstract:
The present disclosure provides systems and methods that may advantageously apply machine learning to accurately manage and predict inventory variables with future uncertainty. In an aspect, the present disclosure provides a system that can receive an inventory dataset comprising a plurality of inventory variables that indicate at least historical (i) inventory levels, (ii) inventory holding costs, (iii) supplier orders, and/or (iv) lead times over time. The plurality of inventory variables can be characterized by having one or more future uncertainty levels. The system can process the inventory dataset using a trained machine learning model to generate a prediction of the plurality inventory variables. The system can provide the processed inventory dataset to an optimization algorithm. The optimization algorithm can be used to predict a target inventory level for optimizing an inventory holding cost. The optimization algorithm can comprise one or more constraint conditions.
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