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Apparatus and method for tracking and managing physical assets

  • US 7,062,446 B1
  • Filed: 11/16/1999
  • Issued: 06/13/2006
  • Est. Priority Date: 11/16/1999
  • Status: Expired due to Fees
First Claim
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1. A method for automatically gathering and analyzing data without human intervention relating to an asset comprising the steps of:

  • (a) generating a maintenance invoice from an analysis controller when service is performed on the asset, wherein the maintenance invoice includes an indication of the amount of usage of the asset, wherein said indication of the amount of usage is captured by a data acquisition device, and wherein a receiver receives the indication of the amount of usage from the data acquisition device through a transmitter;

    (b) transmitting the maintenance invoice on a communications network from the analysis controller to an administrative controller;

    (c) comparing on the analysis controller, the indication of the amount of usage of the asset with a predetermined standard that is representative of the warranty period; and

    (d) generating a warranty report from said administrative controller without said human intervention if the amount of usage is less than the predetermined standard.

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