×

Parts valuation and use

  • US 8,788,301 B1
  • Filed: 03/13/2013
  • Issued: 07/22/2014
  • Est. Priority Date: 03/13/2013
  • Status: Active Grant
First Claim
Patent Images

1. A parts management system, comprising:

  • a processing unit comprising a processor; and

    a memory unit storing computer-executable instructions, which when executed by the processing unit, cause the parts management system to;

    receive, by a claim server of an entity, claim information including notice of damage to a vehicle associated with entity, the vehicle having a plurality of parts;

    determine, by the claim server, that the vehicle is a total loss;

    based on the received claim information and the determination that the vehicle is a total loss, identify, by a parts management server of the entity, that at least one part is available for reuse;

    access, by the parts management server, historical data to determine whether the at least one part matches an identified need of the entity based on one or more historical data parameters;

    upon determining that the at least one part matches the identified need, determine whether a likelihood that the at least one part will be reused within a predetermined period of time is at or above a predetermined threshold;

    upon determining that the likelihood that the at least one part will be reused within a predetermined period of time is at or above the threshold, execute instructions to store the at least one part for reuse; and

    upon determining that the likelihood that the at least one part will be reused within a predetermined period of time is below the threshold, execute instructions to sell the at least one part.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×