Patents Assigned to INDUSTRYSTAR, LLC.
  • Publication number: 20210097464
    Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
    Type: Application
    Filed: November 25, 2020
    Publication date: April 1, 2021
    Applicant: IndustryStar, LLC
    Inventors: William J. CRANE, JR., Matthew William Forster, Kenneth Alan Nelson
  • Patent number: 10853751
    Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
    Type: Grant
    Filed: May 14, 2018
    Date of Patent: December 1, 2020
    Assignee: IndustryStar, LLC
    Inventors: William J. Crane, Jr., Matthew William Forster, Kenneth Alan Nelson
  • Patent number: 9971981
    Abstract: An illustrative method for managing a supply chain is performed by a supply chain management server. The method comprises receiving information related to operations of a first supplier. The first supplier is responsible for providing a first product that satisfies criteria of a buyer. The method further includes determining a risk value that indicates a risk level of disruption of the operations of the first supplier and flagging the first supplier within a database of potential suppliers in response to determining that the determined risk value is greater than a risk tolerance threshold. The method also comprises notifying the buyer that the first supplier has been flagged and providing a list of recommended suppliers to the buyer. The recommended suppliers are each capable of providing a respective second product to the buyer. Each of the respective second products satisfies the criteria of the buyer.
    Type: Grant
    Filed: June 12, 2015
    Date of Patent: May 15, 2018
    Assignee: INDUSTRYSTAR, LLC.
    Inventors: William J. Crane, Jr., Matthew William Forster, Kenneth Alan Nelson