Tool, Equipment, And Consumable Management For Construction Companies

By ToolHound Inc.

With operating costs rising at unprecedented rates, careful management of all expenses is becoming vital to any business' success. In the construction industry overhead costs can be staggering and managing all aspects of the business can be mind boggling. With a substantial inventory of costly tools, equipment and consumables, your inventory is often prone to theft, loss, hoarding, stock-outs, maintenance slips and even improper usage. Keeping track of what assets you own and where they are can save you money, time and get the job done without delays. However, as a business owner, you don't want to be spending your valuable time and energy protecting what you have, you want to be creating new possibilities. Fortunately there are proven tools available to help with thesetasks to free you up to do what you really need to do.

In a recent security study by DeWALT, it was found that the top three job site concerns were replacement cost, lost time, and decreased personnel productivity. Looking at theft alone, a pervasive problem within the construction industry today, it's estimated by The National Insurance Crime Bureau that this industry loses $1 billion annually from equipment and tool theft, increasing on average 20 percent annually. Statistics like this prove how important it is to provide the necessary tracking of your valuable inventory.

Used effectively in companies of all sizes and industries already, a leading tool, equipment and consumable management system will help manage your inventory and decrease problems without changing the general operation of your company. Most of the systems operate like a library, where tools and equipment are signed out to employees or job sites. Then, when the work is completed the inventory is checked back into the library. Typically, when the workers know that the inventory is being tracked and they are accountable, they are less likely to remove or hoard it.

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