METHODS AND SYSTEMS FOR TRACKING AND MONITORING INVENTORY

• US 20110295724A1
• Filed: 04/29/2011
• Published: 12/01/2011
• Est. Priority Date: 04/30/2010
• Status: Abandoned Application

• Current Assignee: DataScan Technologies, LLC (Jm Family Enterprises Incorporated)
• Original Assignee: DataScan Technologies, LLC (Jm Family Enterprises Incorporated)
• Inventors: HILL, Clyde
• Application Number:
  US13/097,577
• Publication Number:
  US 20110295724A1
• Time in Patent Office: Days
• US Class Current: 705/28
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders

Abstract

Apparatus and methods for monitoring and tracking collateral and inventory are disclosed. The methods include receiving location information and collateral or inventory identification information from one or more location devices attached to one or more pieces of collateral or inventory. The methods also include storing the received location and collateral or inventory identification information for the one or more pieces of collateral or inventory and identifying a location of one more pieces of collateral or inventory using the received location and collateral or inventory identification information. The methods further include presenting on a dashboard information regarding the location of the one or more pieces of collateral or inventory.

Claims

1. A method for reducing inventory or collateral verification effort, the method comprising:

receiving location information and collateral or inventory identification information from one or more location devices attached to one or more pieces of collateral or inventory;

storing the received location and collateral or inventory identification information for the one or more pieces of collateral or inventory;

identifying a location of one more pieces of collateral or inventory using the received location and collateral or inventory identification information; and

presenting information regarding the location of the one or more pieces of collateral or inventory.

2. The method of claim 1, wherein the presenting further comprises displaying on a map the location of the one or more pieces of collateral or inventory.

3. The method of claim 1, further comprising:

receiving parameters for a boundary surrounding an area for the one or more location devices to remain within;

determining whether the one or more location devices are within the boundary; and

generating and sending an alert if the one or more location devices exceed the boundary.

4. The method of claim 3, wherein the alert comprises one of an e-mail message, a short message service (SMS) message, a telephone call, a sound, an icon appearing on the dashboard, and a map displaying the location of the one or more pieces of collateral or inventory.

5. The method of claim 3, further comprising:

generating a location list with the one or more location devices within the boundary;

receiving an inventory list of collateral or inventory for the area;

comparing the location list with the collateral or inventory list to determine if one or more pieces of collateral or inventory are missing from the area; and

if one or more pieces of collateral or inventory are missing from the area, generating a report with information regarding the one or more pieces of collateral or inventory missing from the area.

6. The method of claim 5, wherein the report comprises one of the collateral or inventory identification information, a last location report for the collateral or inventory, time information, a vendor name, and a financial institutions.

7. The method of claim 5, further comprising:

receiving sales information from a vendor for one or more pieces of collateral or inventory;

determining a financial health of the vendor based upon the location list and the sales information; and

granting one or more financial loans to the vendor based upon the determined financial health.

8. The method of claim 2, wherein the parameters comprise one of a distance surrounding a plurality of collateral or inventory, a distance surrounding a location, a line on a map, a landmark, and a calculated area surrounding a center point.

9. The method of claim 2, further comprising:

receiving new parameters for a new boundary; and

determining whether the one or more locations devices are within the new boundary.

10. The method of claim 1, further comprising:

generating and sending an alert if the location device is removed from the piece of collateral or inventory.

11. The method of claim 1, wherein the presenting is performed on a dashboard.

12. The method of claim 1, wherein the location device comprises one of a global positioning system (GPS) beacon, a GPS receiver, and a cellular location device.

13. A system for reducing inventory or collateral verification effort, the system comprising:

a module for receiving location information and collateral or inventory identification information from one or more location devices attached to one or more pieces of collateral or inventory;

a module for storing the received location and collateral or inventory identification information for the one or more pieces of collateral or inventory;

a module for identifying a location of one more pieces of collateral or inventory using the received location and collateral or inventory identification information; and

a module for presenting on a dashboard information regarding the location of the one or more pieces of collateral or inventory.

14. A system for reducing inventory or collateral verification effort, the system comprising:

an information management system operable to receive location information and collateral or inventory identification information from one or more global positioning system devices coupled to one or more pieces of collateral or inventory and store the received location and collateral or inventory identification information for the one or more pieces of collateral or inventory;

the information management system being further operable to identify a location of the one more pieces of collateral or inventory using the received location and collateral or inventory identification information and present on a dashboard information regarding the location of the one or more pieces of collateral or inventory.

15. The system of claim 14, wherein the information management system is further operable to receive inventory information from a collateral management system with an inventory for a vendor.

16. The system of claim 15, wherein the information management system is further operable to:

compare the received location information and collateral or inventory identification information with the received collateral or inventory information; and

determine whether one or more pieces of collateral or inventory are missing from the collateral or inventory information.

17. The system of claim 16, wherein if one or more pieces of collateral or inventory are missing from the collateral or inventory information, the information management system is further operable to generate an alert to a client with information regarding the one or more pieces of collateral or inventory that are missing from the collateral inventory information.

18. The system of claim 14, wherein the information management system is further operable to:

receive sales information for one or more pieces of collateral or inventory from a vendor;

determine a current inventory for the vendor based upon the received location information and collateral or inventory identification information;

compare the current inventory with the received sales information; and

send to a client a financial history based upon the comparison of the current inventory and the received sales information.

19. The system of claim 14, wherein the information management system is further operable to:

determine a current location for the one or more pieces of collateral or inventory based upon the received location information and collateral or inventory identification information; and

send the current location the one or more pieces of collateral or inventory to a vendor.

20. A system for reducing inventory or collateral verification effort, the system comprising:

a processor;

a user interface functioning via the processor; and

a repository accessibly by the processor;

wherein location information and collateral or inventory identification information are received from one or more location devices attached to one or more pieces of collateral;

wherein the received location and collateral or inventory identification information are stored for the one or more pieces of collateral or inventory;

wherein a location of one more pieces of collateral or inventory is identified using the received location and collateral or inventory identification information; and

wherein information regarding the location of the one or more pieces of collateral or inventory is presented on a dashboard.

21. A computer product comprising a computer readable medium having control logic stored therein for causing a computer to monitor and track collateral or inventory, the control logic comprising:

first computer readable program code means for receiving location information and collateral or inventory identification information from one or more location devices attached to one or more pieces of collateral;

second computer readable program code means for storing the received location and collateral or inventory identification information for the one or more pieces of collateral or inventory;

third computer readable program code means for identifying a location of one more pieces of collateral or inventory using the received location and collateral or inventory identification information; and

fourth computer readable program code means for presenting on a dashboard information regarding the location of the one or more pieces of collateral or inventory.