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Method and apparatus for reducing supply orders in inventory management

  • US 8,024,236 B2
  • Filed: 08/22/2003
  • Issued: 09/20/2011
  • Est. Priority Date: 11/22/2002
  • Status: Expired due to Fees
First Claim
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1. An inventory management system for at least one piece of equipment requiring routine maintenance for a plurality of items, each of said items being associated with a respective parameter that provides an estimate of servicing needs for said item, said system comprising:

  • an inventory of replacements for said items;

    a computational element operatively coupled to said at least one piece of equipment and to each of said parameters;

    a tracking device operatively coupled to said computational element to derive a criteria to generate at least one order form that details current and future requirements of said items for said piece of equipment that are stocked within said inventory; and

    wherein said computational element includes a dormancy feature for at least one of said plurality of items, said dormancy feature being activated so that an associated parameter for one or more of the plurality of items is placed in a dormant state so that such associated parameters do not become a trigger point for the tracking device to generate an order for said one or more items.

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