US Patent Issued to INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE on Oct. 21 for "Inventory planning system and method for short expiration goods" (Taiwanese Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,559, issued on Oct. 21, was assigned to INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (Hsinchu, Taiwan).

"Inventory planning system and method for short expiration goods" was invented by Sian-Hong Huang (Kaohsiung, Taiwan) and Hao-Chun Chuang (Magong, Taiwan).

According to the abstract* released by the U.S. Patent & Trademark Office: "An inventory planning system and an inventory planning method for short expiration goods are provided. The inventory planning system includes: a demand forecast model configured to provide a future sales prediction of the at least one short expiration goods according to an expiration period information, a promotion information and a historical sales info...