US Patent Issued to ADP on March 4 for "Predictive inventory management systems and methods of use" (New Jersey, Connecticut Inventors)

ALEXANDRIA, Va., March 5 -- United States Patent no. 12,242,991, issued on March 4, was assigned to ADP Inc. (Roseland, N.J.).

"Predictive inventory management systems and methods of use" was invented by Ramsay Cole (Roxbury, Conn.) and Gil Gerstl (Cresskill, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure relates to management of inventories and supply chains and, more particularly, to a predictive inventory management system and methods of use. The method of inventory management, includes: obtaining information associated with an item; predicting demand of the item based on the obtained information; determining whether additional inventory is required based on the predicted deman...