Systems and methods for forecasting on-shelf product availability

Patent metadata

Field	Value
Publication number	US-2017193435-A1
Application number	US-201615384722-A
Country	US
Kind code	A1
Filing date	Dec 20, 2016
Priority date	Dec 30, 2015
Publication date	Jul 6, 2017
Grant date	—

Abstract

In some embodiments, methods and systems of forecasting on-shelf availability of products at a retail sales facility for a selected interval of time are described. One or more on-shelf prediction factors associated with the products and/or shelf space at the retail sales facility may be processed by an electronic inventory management device to estimate whether a product is present or not present at a selected time interval on the shelf on the sales floor of the retail sales facility.

First claim

What is claimed is:

1 . A system of forecasting on-shelf availability of at least one product at a retail sales facility, the system comprising:
an electronic inventory management electronic device including a processor-based control unit, the control unit configured to:
obtain electronic data including at least one on-shelf prediction factor associated with the at least one product, the at least one on-shelf prediction factor comprising at least one of: on-shelf probability state of the at least one product at the retail sales facility, conditional probability of sale of the at least one product at the retail sales facility during the selected time interval, root mean square error for cumulative sales of the at least one product at the retail sales facility;
estimate, based on that at least one on-shelf prediction factor, whether the at least one product is present or not present on a shelf on a sales floor of the retail sales facility at a selected interval of time on a given day; and
output, based on the estimation, a signal including electronic data indicating whether the at least one product is present or not present on the shelf on the sales floor of the retail sales facility at the selected interval of time on the given day.

2 . The system of claim 1 , further comprising at least one electronic database including the at least one on-shelf prediction factor.

3 . The system of claim 2 , wherein the at least one electronic database further includes at least one of: real-time inventory information associated with the at least one product at the retail sales facility; historical sales information associated with the at least one product at the retail sales facility; and on-shelf estimation training data generated based on a physical audit of the shelf at the retail sales facility containing the at least one product for which an estimation of whether or not present on the shelf is made.

4 . The system of claim 1 , wherein the at least one on-shelf prediction factor includes at least one of the following additional on-shelf prediction factors associated with the at least one product: probability of sale of the at least one product at the retail sales facility based on at least one interval of time equal to the selected interval of time but on at least one day prior to the given day; a consumer demand for the at least one product at the retail sales facility during a predetermined time interval; average sales of the at least one product at the retail sales facility during the predetermined time interval; average sales of the at least one product at the retail sales facility based on a day of the week; a percentage of sales attributed to sales of the at least one product within a product category associated at the retail sales facility with the at least one product; format of the retail sales facility; travel time for replenishment of the at least one product at the retail sales facility; perpetual inventory of the at least one product at the retail sales facility; total sales of the at least one product at the retail sales facility during at least one time interval preceding the selected interval of time on the given day; time elapsed since last sale of the at least one product at the retail sales facility; available space for the at least one product on the shelf on the sales floor of the retail sales facility; a type of the at least one product; mod effective date; and at least one demographic variable associated with the retail sales facility.

5 . The system of claim 1 , wherein the control unit is configured to obtain the at least one on-shelf prediction factor associated with a time interval immediately preceding the selected time interval on the given day.

6 . The system of claim 1 , wherein the control unit is configured to obtain the at least one on-shelf prediction factor associated with a time of day interval identical to the selected time interval on at least one day preceding the given day.

7 . The system of claim 1 , wherein the control unit is configured to cause the electronic inventory management device to transmit the electronic data indicating whether the at least one product is present or not on the shelf to an electronic device at the retail sales facility.

8 . The system of claim 1 , wherein the control unit is configured, in response to arriving at an estimation that the at least one product is present on the shelf on the sales floor, to output an indication that the at least one product is present on the shelf; and in response to arriving at an estimation that the at least one product is not present on the shelf on the sales floor, an indication that the at least one product is not present on the shelf

9 . The system of claim 1 , wherein the control unit is configured to estimate whether the at least one product is present on the shelf or not present on the shelf based on at least two on-shelf prediction factors associated with the at least one product.

10 . The system of claim 1 , wherein the control unit is configured to modify a value of the at least one on-shelf prediction factor in response to the electronic inventory management device receiving electronic data indicating results of a physical audit of the shelf at the retail sales facility containing the at least one product for which an estimation of whether or not the at least one product is present on the shelf was made by the electronic inventory management device.

11 . A method of forecasting on-shelf availability of at least one product at a retail sales facility, the method comprising:
obtaining, by an electronic inventory management device, electronic data including at least one on-shelf prediction factor associated with the at least one product, the at least one on-shelf prediction factor comprising at least one of: an on-shelf probability state of the at least one product at the retail sales facility, a conditional probability of sale of the at least one product at the retail sales facility during the selected time interval, and a root mean square error for cumulative sales of the at least one product at the retail sales facility; estimating, by a processor-based control unit of the electronic inventory management device and based on the at least one on-shelf prediction factor, whether the at least one product is present or not present on a shelf on a sales floor of the retail sales facility at a selected interval of time on a given day; and outputting, by the electronic inventory management device and based on the estimating step, a signal including electronic data indicating whether the at least one product is estimated to be present or not present on a shelf on a sales floor of the retail sales facility at a selected interval of time on a given day.

12 . The method of claim 11 , wherein the obtaining step includes retrieving the electronic data including the at least one on-shelf prediction factor from at least one electronic database.

13 . The method of claim 12 , wherein the at least one electronic database further includes at least one of: real-time inventory information associated with the at least one product at the retail sales facility; historical sales information associated with the at least one product at the retail sales facility; and on-shelf estimation training data generated based on a physical audit of the shelf at the retail sales facility containing the at least one product for which an estimation of whether or not present on the shelf is made.

14 . The method of claim 11 , wherein the obtaining step further includes obtaining electronic data including at least one of the following additional on-shelf prediction fact

Assignees

• Wal Mart Stores Inc

Inventors

• Sarin Madhur
• Rajanala Nanda K
• Mudassir Syed M

Classifications

• G06Q10/087 Primary

  Inventory or stock management, e.g. order filling, procurement or balancing against orders · CPC title

• G06Q30/0202

  Market predictions or forecasting for commercial activities · CPC title