US 2012/0239493 A1 · SYSTEM AND METHOD FOR INVENTORY TRACKING

Abstract

In embodiments of the invention, bailed property units may be stored on a portable platform in accordance with a financing/bailment agreement. In accordance with the financing/bailment agreement, the dealer/bailee is required to retain the bailed property units in a controlled area to enable embodiments of the invention to perform real-time execution of inventory financing transactions. Since the platform on which the bailed property units are stored is portable, the platform includes a location detector, such as a GPS unit, to enable tracking the location of the platform in the controlled area. A tag reader and location detector output a wireless event signal and wireless location signal. A first server wirelessly coupled to the reader and location detector, is programmed to access terms of the agreement. The first server is programmed to monitor the event and location signals received from the reader and location detector. A second server is coupled to the first server, and is programmed to collect data based on the event signals and location signals received by the first server and to use that data to prepare targeted advertisements of the bailee's inventory in the controlled area.

Claims31

Dependent claims

A system, comprising:

a reader device associated with a portable platform of a bailee, configured to detect removal of bailed property units stored on the platform by detecting a signal from a tag of at least one of the bailed property units, the bailed property units owned by a bailor in accordance with an agreement between the bailor and the bailee;
a location detector associated with the portable platform, configured to track a location of the platform in a controlled area that includes a wireless communications device;
the reader and the location detector are configured to respectively output an event signal and a location information signal via the wireless communications device in the controlled area, indicating a detected identity and location of at least one of the bailed property units;
a first server coupled to the wireless communications device, programmed to access terms of the agreement, to monitor the event signal and location signal, the server being coupled to one or more banks having an account of the bailor and an account of the bailee;
and
the first server programmed to initiate a financial transfer by the one or more banks from the bailee account to the bailor account in accordance with the agreement, based on the detected identity and location of the bailed property units.

3 more elements

Dependencies are inferred from the claim text.

System and method for inventory tracking

Life of this patent

System and method for inventory tracking

Life of this patent

Abstract

Claims31