System and method to calculate procurement of assets

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis

Reexamination Certificate

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Details

C705S307000, C706S015000, C340S572100

Reexamination Certificate

active

08032401

ABSTRACT:
A system and method to calculate a mode of procurement of at least one asset is provided. The system comprises a tracking element operable to generate a signal representative of a location of the at least one asset, and a controller in communication with the at least one tracking element. The controller includes a processor operable to execute program instructions representative of the acts of measuring a utilization of the at least one asset having a unique identifier over at least one time interval, calculating a projected need of the at least one asset over a predetermined future time interval dependent on the utilization of the at least one asset, calculating a mode of procurement of the projected need of the at least one asset dependent on the projected need of the at least one asset, and displaying the mode of procurement to the user.

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