US Patent Issued to VMS Solutions on May 12 for "Method for generating prediction model for supply lead time of parts" (South Korean Inventors)

ALEXANDRIA, Va., May 12 -- United States Patent no. 12,626,203, issued on May 12, was assigned to VMS Solutions Co. Ltd. (Yongin-si, South Korea).

"Method for generating prediction model for supply lead time of parts" was invented by Seock Kyu Yoo (Yongin-si, South Korea), Cherl Hong Park (Seoul, South Korea), KyungSik Lee (Seongnam-si, South Korea), SungWon Hong (Seoul, South Korea) and HoJin Jung (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided is a method for generating a lead time prediction model including: receiving input data from a user; identifying a final part corresponding to the input data; identifying one or more components that constitute the final part; classifying t...