Leading Indicators - Demand Characterization for Short Life-Cycle Technology Products

SUMMARY

Lehigh University has developed an algorithm capable of forecasting demand for high tech products with short life cycles. The algorithm can be included as part of a commercial capacity planning system, working as integral part of enterprise resource planning (ERP) system by SAP, ORACLE, or PeopleSoft. It can also be implemented as an internal tool for high-tech companies with specialty products that need customized demand forecasting which generic software systems can not provide. The technology has been successfully validated and used by a large microprocessor manufacturer leading to significant cost savings.

 

Lehigh TechID# 091406-01

 

THE MARKET

The market for enterprise resource planning (ERP) software is estimated to be around $47 billion growing at a rate of about 14% annually. Growth is fostered by globalization and companies looking to go to market with a broad portfolio of products targeted to specific buyers. End users in the market now have new expectations of ERP software that is focused on innovation-on-demand and personalization. [1] Systems that incorporate these characteristics are expected to see higher market adoption as the world becomes more dynamic in its product offerings. [2]



[1] Jacobson, Simon. “The ERP Market Sizing Report: 2006-2011.” SAP web site. http://www.gtm.sap.com/uk/solutions/business-suite/erp/pdf/AMR_ERP_Market_Sizing_2006-2011.pdf (accessed January 17, 2012).

[2] Denecken, Sven. “Market Trends and Expectations of ERP Systems.” SAP Community Network web site. http://www.sdn.sap.com/irj/scn/weblogs?blog=/pub/wlg/10065 (accessed January 17, 2012).

 

THE OPPORTUNITY

Lehigh University is looking to out-license this technology.

App Type Country Serial No. Patent No. File Date Issued Date Expire Date
Utility United States 11/958,964 12/18/2007   2/19/2013
Category(s):
Software and Computer
For Information, Contact:
Thomas Meischeid
Interim Director
Lehigh University
tjm5@lehigh.edu
Inventors:
S. David Wu
Keywords:
Software Development
Supply Chain Management