Why Construction Firms Need Tool Inventory Tracking
It’s no secret that there are many moving parts when it comes to construction. On top of that, looking for missing or lost tools can take precious time out of your day. However, with today’s construction tool tracking platforms, you can take back your time and thoroughly keep track of your equipment and tools.
After all, construction tools are not cheap, so it is important to know where every one of your tools is. Tool inventory tracking is a great way to find every tool location at your fingertips in real-time, no matter if you’re in the office or at a job site.
Construction firms handle many projects at a time. At any given point, a company may have jobs all over the country. With this in mind, it can be easy for tools to become misplaced or lost.
One thing that makes helps lessen your losses is to have tool tracking software. If you have an inventory management system in place, it helps provide your company with visibility to where every piece of equipment and every tool is.
Lost tools can be a thing of the past and it is easy to track with just a few clicks on your keyboard or mobile device. Additionally, inventory management software can even streamline your job cost and billing, where you can generate tool charges to your jobs and add the costs directly to job cost.
Tool Inventory Tracking
Tool tracking does not have to be a complicated, strenuous process. The first step you can take to having strong inventory management is building your inventory list. It’s important to ensure you include everything you have on this list.
Cloud-based inventory software is a great system to use because everyone in your company will have access to it. This means that wherever your employees or coworkers are, they can open up your company’s tool tracking software and locate any tool. In addition to having role-based access across your organization, with Sage ToolOps, you can create pick tickets and transfers with no limitations to the number of users at a time.
Look for ways to save time by finding the software you need from one place. This will reduce the amount of time you’re on the phone with multiple people speaking about what you need for your construction company.
Any time saved adds value to your project because it is time spent on the job.
Time Is Money
If you spend a great amount of time looking for and tracking tools, that is time that could have been spent working on more important factors to a project.
As much money as you spend on tools, it’s important to know where they are at any point. Lost tools means lost money. If you have to spend more time and more money buying additional tools, this is not only a waste of resources but a waste of finances.
It seems as though some tools just walk off from the job site. If your construction firm is larger, this is more likely to happen without a good tool tracking system. It can be too difficult to maintain where every piece of equipment is and theft is always a possibility.
We never want to think it can happen where we work, but it can. Some people think that stealing from a company is not a big deal and that the company can afford it. However, that line of thinking adds up and it can happen to any company.
Limit Your Losses
When it comes to losing money, theft can often be part of the problem. We touched on how tools may disappear from a job site, but it happens more than you may think. Tools become a part of the investment in construction companies. Any time a tool goes missing is a loss on that investment.
If you think it won’t happen to you, think again. Every year almost a billion dollars worth of tools goes missing. It will add to the timeframe it takes to complete jobs because your employees cannot work without proper tools.
This is why having tool tracking in place at your company is so important. The money and time it could save your business is worth it. A good inventory management system is another part of your investment. Especially when it comes to tools that need to be custom ordered, they can take longer to replace and are more expensive than others.
Keeping things organized is another way to use tool tracking. If you use a system that has a good organization in place, it will be easier to keep up with everything and harder to lose tools.
Checklists provide great ways to check tools in and out of job sites. This may seem like a hassle at first but if you have the right tool inventory tracking system already in place, you are already off to a great start.
Even construction firms doing well financially cannot afford to lose money on lost tools. The industry is competitive and the last thing you need is to replace expensive tools. Construction firms need tool tracking they can trust.