Tips For Tool Inventory Management

Posted by Readywares on March 12th, 2020

Tools in your workshop play an important part in operating your business. Besides job capability, your revenue hugely depends on these devices. For example, if your customer needs a heater repair, you will need to take a variety of items such as a drill, electrical testers, tape measure, hammer, screwdrivers, pliers, and other cutting devices. When one of these tools fail to function properly or goes missing, the service may be delayed. This can make your customers hesitate to trust you anymore. It is important to maintain these valuables for enhancing their performance and productivity. Look for a high-quality 12” tool bag for storing tools in the workshop and carrying them from one location to another.

To increase your business' effectiveness, read the following tips for managing tool inventory.

Know your assets
Unlike a white-collar job, contractors don’t have a fixed working schedule. It is a big challenge to keep track of everything from clients to tools. Sometimes the proposed job may require a few tools, whereas some works would need a set of various tools. No matter which type of contractor work you get on a day, you have to stock all the necessary items in your workshop. Some of these items look alike despite their functions are unique. As a professional, you should also know which equipment would be required for a specific work. Making a list of equipment in your stock is a good idea to avoid misplacement of tools. Note down all the tool names, their locations, and the date of purchase. This simple habit will help you maintain the flow of doing business by upgrading your workshop whenever it needs to.

Track your tools
In your circle, there may be other contractual workers who share the same storeroom. When one of the crew gets a service call, you need to record the person’s name with the type of tools issued to him. Such a management technique will simplify the value of tools over time. You can see which piece of equipment is frequently used, who uses a set of tools, when it was last time, and where. The information will allow you to create a proper equipment management strategy. For example, if one of them has stopped performing effectively overuse, you may look for a replacement option. When you decide to purchase storage for bigger tools, look for an 18” canvas tool bag that can be used as a hammer bag, wrench bag, hammer bag, and mechanic's bag.

As long as you take time to sort similar types of tools and arrange in proper storage device, make the most out of your equipment.


Author's Bio - The writer is an avid online blogger. This article is about tool bag.