A computer based system automatically gathers, analyzes, and delivers
information relating to the procurement and utilization of a plurality of
such assets, such as a fleet of industrial equipment, so as to maximize
productivity and to reduce operating costs and administrative burdens.
Each of the assets is preferably provided with a data acquisition device
for sensing and storing one or more operating characteristics associated
therewith. That information can be transmitted through space to a
receiver connected to a local controller for storing such information and
for transmitting such information to a remote analysis system. The remote
analysis system automatically updates individual records associated with
each of the assets with the information received. In response to such
information, the remote analysis system automatically analyzes the newly
provided information and generates reports regarding scheduled
maintenance, warranty coverage, and other management information. These
reports and newly provided information can also be transmitted for review
and usage by one or more additional parties including an asset owner who
sets lease rates in part based on asset usage as determined from
objective criteria.