Tool Inventory: Why do you need it?
Tools are a major investment for many businesses, especially those in the service industry. And as your client base increases, so will the number of tools you have because, as expected, they will want you to have the right equipment for the job. Unfortunately, many businesses struggle with the management of tools and equipment – a problem that can be traced back to one simple cause, poor tool inventory control systems. In this article, we will look at why firms need tool inventory management and present a solution to help them keep track of their tools. Without wasting any more time, let’s jump in.
Prevent Loss
You probably started your plumbing business carrying all your tools in a small toolbox, and this was sufficient at the time. Now that you have scaled your business, you are more likely juggling a large number of equipment and tools. Without an effective tool inventory control system in place, you are more susceptible to unintentional carry-offs and leave-behinds, which means you are going to misplace many of them. This can lead to huge financial losses, especially if you have invested in top-of-the-line tools.
Increase Productivity
A tool inventory system prevents disorganization, which means you will be able to locate your tools on-site quickly and efficiently. This, in turn, improves productivity by not spending massive amounts of time trying to track your tools.
Prevent Theft
Hand tools, heavy equipment, and metals fetch a high price in the stolen goods market, which makes them high-value targets for thieves. Having your tools stolen can affect your business in more ways than one. Your productivity level will not only take a hit, but you will also have to spend money on replacing stolen equipment. And let’s not forget the potential adverse impact this may have on your business reputation if you were to fail to deliver a client’s order.
What now?
If you can’t seem to keep track of your tools, a tool inventory management system can easily solve this. One of the best options out there is getting a truck with a well-thought-out and organized shelving system. This is the perfect solution for those looking to purchase a work truck as well as for those who don’t want to burden themselves with the complexities of tool inventory management software.
