Oil & Gas Network

Does your company know where your tools are?

With often millions of dollars invested in tools, equipment and supplies, it's surprising to know that many organizations don't know the true value of their inventory and waste thousands of dollars each year on preventable asset-related costs.

Construction Magazine

As a contractor or equipment rental organization, you’re probably like many who worry about protecting, tracking, and managing your tools, equipment, and supplies. It’s this inventory that is often prone to theft, loss, hoarding, stock-outs, maintenance slips, and even improper usage by an employee without the necessary certifications to operate particular tools. 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.

Construction Business Owner, August 2008

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.

Construction Magazine

In the construction industry, overhead costs can be staggering. With a substantial inventory if costly tools and  consumables, finding ways to keep track of what assets you own and where they are located can become a daunting challenge.