FlowVision Receives Third Patent
The U.S. Patent and Trademark Office has issued FlowVision LLC a new patent for its approach to supply chain management. The patent is titled “Inventory Management System.”
This is the third patent granted to FlowVision for its material management approach.
The FlowVision Inventory Management System has been deployed throughout North America, Europe and Asia. The system allows 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 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.