Adding usage-based warranty coverage to equipment

Note: To manage warranties from the perspective of the warranty record, select Equipment > Warranty > Warranties.

To add usage-based warranty coverage to equipment:

  1. Select one of these options:.
    • Equipment > Assets
    • Equipment > Positions
    • Equipment > Systems
  2. Select the equipment for which to add a warranty, and then click the Warranties tab. The system automatically populates Coverage Type, Active, Date Entered, and Entered By.
  3. Click Add Warranty Coverage.
  4. Specify this information:
    Warranty
    Specify the warranty document to associate with the equipment. The system automatically populates the warranty description, Duration, Threshold, Manufacturer, and Supplier.
    Coverage Type
    Select Usage to indicate that the warranty is based on actual usage.
    Active
    Select to indicate that the warranty is currently active.
    Duration UOM
    Specify the usage length of the warranty and the usage unit of measure. The system automatically populates Last Value with the most recent meter reading of this equipment record and unit of measure. If there is no meter reading, the system populates Last Value with the Total Usage of the equipment record and unit of measure.
    Threshold UOM
    Specify the amount of usage quantity prior to expiration at which the system should notify you that the warranty is about to expire.
    Starting Usage
    Specify the amount of usage that occurred prior to the warranty start date.
    Expiration Usage
    Specify the amount of usage at which the warranty expires. The system automatically populates this field based on Starting Usage plus Duration UOM. Modify the Expiration Usage as necessary.
  5. Click Submit.
Parent topic: Associating warranties with equipment