Companies use many distinct methods affecting tool inventory control. A large company with a high number of locations is often using a Web-based system. Secure servers with support for online hosted systems or on-site systems are provided using licensing and subscriptions. Servers with software and data are situated behind a firewall as well as extra advanced technology that prevents outside people from accessing the system without passwords.

With assets available to all employees, companies should make employees accountable for using and returning the asset. This will minimize business losses from theft. Employees are often keeping assets that they have to use on a regular basis so that the equipment is available when they need it.

Signing equipment in and out for control of assets will keep track of assets at all the times which essential for the equipment to be optimally used. Service tasks are scheduled and tracked using available functionality. Tracking of requested services until completion is done with work order systems. Asset servicing and costs can be retrieved immediately. Reducing IT support costs is accomplished when support services are made a part of subscribing to the online hosting solution.

The system can be used by an unlimited amount of users concurrently. Tracking of equipment that needs maintenance or repair is done using the system. Tools, machinery, equipment and vehicles are tracked so that projects, customers and departments can be charged for the using the asset. There is no need to be concerned about the network infrastructure when sharing the application or data from several locations. The same database is accessed by everyone in the organization so that data synchronization is not needed.

For faster as well as more accurate data entry speed, radio frequency identification (RFID) tags and bar codes are used by the system to collect data. Other systems can import or export this information. The information can be generated, formatted and printed into custom reports.

Bar code labels may sometimes fall off or get destroyed, however when applied properly to a good location, the label will last a long time. System tags and labels are created from polypropylene and sometimes anodized aluminum with strong adhesive. A series of numbers and the company name is added for customization of the label. Popularity of RFID tags has increased because these tags do not need line of sight. RFID tags are placed inside tools and several tags are read at the same time for faster speed. RFID tags cost more than bar code labels.

Reordering using an automated functionality is obtainable. Purchase orders are created whenever the inventory drops below a certain level. This is sent to the company purchasing department or emailed to vendors. Furthermore, rented equipment can produce charges just as soon as it is rented and stopped as soon as the equipment is brought back.

Employees are sometimes required to become certified for using specific equipment. Employees needing to be certified can be tracked by the system so they can use any tools that require certification to be used. Several industries use Tool Inventory Control, such as construction, mining, chemical processing, power generation, as well as job-site tool and equipment services.

With Tool Tracking Software and other Tool Management programs from ToolHound, you can improve your productivity by ensuring the right tool is in the right place when it is needed.

With Tool Management Software and other Tool Management programs from ToolHound, you can improve your productivity by ensuring the right tool is in the right place when it is needed. http://www.toolhound.com

Author Bio: With Tool Tracking Software and other Tool Management programs from ToolHound, you can improve your productivity by ensuring the right tool is in the right place when it is needed.

Category: Home Management
Keywords: Business, technology, computers, internet, tools, construction, database, control system, management