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06/11/09 - USPTO Class 705 |  1 views | #20090150223 | Prev - Next | About this Page  705 rss/xml feed  monitor keywords

Forecasting from day-aligned data

USPTO Application #: 20090150223
Title: Forecasting from day-aligned data
Abstract: A system and method are disclosed for aligning stored data in a matter that may facilitate budgeting and/or forecasting. A definable calendar period is provided which has a starting day. The starting day is applied to the stored data to locate and align each of a plurality of time periods associated with the stored data so that each time period has a starting day that matches the starting day of the calendar period. (end of abstract)



Agent: Amin, Turocy & Calvin, LLP - Cleveland, OH, US
Inventor: Sher (Karim) M. Sachedina
USPTO Applicaton #: 20090150223 - Class: 705 10 (USPTO)

Forecasting from day-aligned data description/claims


The Patent Description & Claims data below is from USPTO Patent Application 20090150223, Forecasting from day-aligned data.

Brief Patent Description - Full Patent Description - Patent Application Claims
  monitor keywords CROSS-REFERENCE TO RELATED APPLICATIONS

This application is a continuation of U.S. application Ser. No. 10/830,655, filed Apr. 23, 2004, entitled Facility Management System and Method, which is a continuation of U.S. application Ser. No. 09/632,949, filed Aug. 5, 2000, now abandoned, entitled System and Method of Aligning Data. The entireties of these applications are incorporated herein by reference.

TECHNICAL FIELD

The present invention generally relates to computer programming and, more particularly, to a system and method to align stored data to facilitate analysis and processing of the data.

BACKGROUND OF THE INVENTION

In order to remain competitive in any business, the business and each of its individual parts or business units must run efficiently to meet or exceed the demands of its customers. For example, in the hospitality industry, a typical facility, such as a hotel, spa, or other hospitality facility, includes several areas of operation. Each area of operation requires a certain level of personnel, maintenance, supplies, and management during each year. In the hospitality industry the day-to-day needs of each area of operation are subject to significant change, which the management responsible for each area of the facility must accommodate. Accordingly, an important aspect of operation is budgeting and forecasting to properly adapt to the changing circumstances so as to maximize profits.

A facility, such as a hotel, may include several business units, each of which may have an impact on hotel operation. The hotel may have several points of sale (POS), such as restaurants, bars, etc., where customers perform commercial transactions. Also within a hotel are other business units that provide other hotel services to customers. Each business unit may maintain a record of its associated activities, which may be stored in an associated computer database. Other aspects of hotel operation, such as payroll and accounts payable, sales and catering, etc., also employ a system for accumulating information on each respective aspect of its operation. Each system usually operates independently, each maintaining its own records, which may be kept on paper or stored in computer files.

Historically, there has been little centralized budget planning in the hospitality industry. For example, each business unit within a hotel may have its own budget.

Moreover, each budget may be produced with a different tool. That is, one business unit may keep its books using pen and paper, another business unit may employ a commercially available spread sheet, and yet another may utilize a commercial software business package to keep its books. Even when business Units may keep their books electronically and employ the same software (e.g., a spread sheet), a department head or other individual responsible for the performing a budget analysis and/or forecasting may require different data fields pertinent to that unit\'s budgeting and/or forecasting. Additionally, each data set may be stored in a unique record format selected by that individual.

As a result, diverse databases, file systems, and data sources, often employing several unique record formats, may have evolved for numerous business units within a single company or other type of business organization. Consequently, within a management organization responsible for several business units, the diversity of databases and record formats is compounded as various databases, computer file systems and data sources may have evolved, thus resulting in numerous unique and inconsistent record formats. As a result, it may take several individuals weeks or even months to enter appropriate data and prepare an annual budget for a given facility. Moreover, accurate forecasting may further be hindered, as it tends to be complicated to correlate historical data among such diverse types of data.

SUMMARY OF THE INVENTION

The present invention relates to a system and method to align calendars and data associated with each calendar.

One aspect of the present invention provides a system for arranging stored data to facilitate analysis of the stored data. The system includes a calendar alignment function programmed to align each of a plurality of time periods associated with the stored data relative to a starting day of a calendar time period, such that each day in each of the plurality of time periods is aligned with a corresponding day in the calendar time period. Another aspect of the present invention provides a computer-readable medium having computer-executable instructions. The computer executable instructions are for performing the steps of defining a starting day for a selectable calendar period and locating a day in each of a plurality of time periods associated with stored data that matches the defined starting day of the selectable calendar period, the stored data having a plurality of records stored by date. Each of the plurality of time periods of the stored data is aligned so as to have a starting day that matches the defined starting day of the selectable calendar period, whereby each day associated with each of the plurality of time periods is aligned with a corresponding day of the selectable calendar period.

Still another aspect of the present invention provides a method for arranging stored data to facilitate analysis thereof. The method includes defining a starting day for a calendar period and locating a day in each of a plurality of time periods associated with stored data matching the defined starting day of the calendar period. Each of the plurality of time periods of the stored data is aligned so as to have a starting day that matches the defined starting day of the calendar period, whereby each day associated with each of the plurality of time periods is aligned with a corresponding day of the calendar period.

To the accomplishment of the foregoing and related ends, certain illustrative aspects of the invention are described herein in connection with the following description and the annexed drawings. These aspects are indicative, however, of but a few of the various ways in which the principles of the invention may be employed and the present invention is intended to include all such aspects and their equivalents. Other advantages and novel features of the invention will become apparent from the following detailed description of the invention when considered in conjunction with the drawings.

BRIEF DESCRIPTION OF THE DRAWINGS

FIG. 1 is block diagram of a system for facilitating budgeting and/or forecasting in accordance with the present invention;

FIG. 2 is schematic block diagram illustrating a system for collecting data from a plurality of data sources to facilitate budgeting and/or forecasting in accordance with the present invention;



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