Patent 12008497 was granted and assigned to NB Ventures on June, 2024 by the United States Patent and Trademark Office.
The present invention provides a data processing system and method for demand sensing and forecasting. The invention includes generating hierarchical data set from historical data of one or more objects and processing the hierarchical data based on one or more forecasting data models created by an artificial engine to predict data trend. The invention determines required safety stock for each category of the one or more objects.