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SOURCE FlowVision, LLC
U.S. Patent Office Issues FlowVision Additional Patent for Inventory Management System
DILLON, Colo., July 7, 2014 /PRNewswire/ -- FlowVision, LLC a full service provider of Lean Business and Supply Chain Consulting Services, today announced the U.S. Patent and Trademark Office has issued another patent to FlowVision, LLC for its approach to supply chain management. The patent entitled "Inventory Management System" again demonstrates FlowVision's commitment to be a trendsetter in the field of innovative Lean Supply Chain Solutions.
This is the third patent granted to FlowVision for its innovative material's management approach.
"This patent award demonstrates once again that FlowVision's approach to inventory and supply chain management is unique and unmatched by any other method," says Gerson Cortes FlowVision Partner and co-inventor. "The inventory management system allows our customers to optimize inventory by balancing fill rates, customer service and asset utilization. Whether optimizing one location or the entire supply chain, FlowVision's proprietary algorithms use statistical techniques that significantly improve our customer's operational results."
Dave Pytel, partner of FlowVision and co-inventor adds, "We have committed our company to be the leading innovators in supply chain management solutions. This patent gives our customers another tool to more fully optimize inventories anywhere in the supply chain while dialing in the service levels of their choice. The algorithms optimize inventory, but our planning methodology called Lean Material Strategies, and our software tools deliver the total solution needed to sustain the results. We look forward to continually working with our customers in an effort to bring them state-of-the-art lean solutions to their supply chain."
FlowVision Inventory Management System has been deployed throughout North America, Europe and Asia with remarkable results. The system allows our customers to manage their assets, not only within their company, but also throughout distribution centers, warehouses, suppliers, customers and the entire supply chain irrespective of inventory ownership. The statistical approach allows customers to dynamically update inventory levels as business conditions change. The electronic solution easily ties to customer's ERP systems allowing seamless integration with existing general ledgers and accounting systems.
FlowVision LLC is leading provider of consulting services for lean business, flow manufacturing and supply chain solutions. Founded in 1998, FlowVision has implemented Lean/Flow operational techniques throughout the world. FlowVision's real-world expertise in lead-time reduction and supply chain management makes today's manufacturers more profitable and competitive.
For more information, go to www.flowvision.com.
John E. Denzel, 408-382-1944
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