Tools are essential components in the professional industry, especially in construction projects. Of course, to avoid profit loss and overspending on supplying tools, you need to maintain the tool’s quality and keep them in check to minimize purchasing of tools. Luckily, you can use tool tracking software. Continue reading below for more.

Tool Tracking Software

10+ Tool Tracking Software

1. EZOfficeInventory

ezofficeinventory

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Rating: 4.7/5

Price: $35/month

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2. Fleetio

fleetio

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Rating: 5/5

Price: $25/month

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3. GigaTrak Asset & Tool Tracking System

gigatrak asset tool tracking system

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Rating: 5/5

Price: Custom

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4. Asset Panda

asset panda

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Rating: 4.6/5

Price: $1499/year

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5. GoCodes Asset Management

gocodes asset management

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Rating: 4.6/5

Price: FREE

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6. ToolWatch Enterprise

toolwatch enterprise

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Rating: 4.7/5

Price: Custom

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7. SimplyRFID Wave

simplyrfid wave

Details

Rating: 4.9/5

Price: Custom

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8. ToolHound

toolhound

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Rating: 4.7/5

Price: Custom

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9. PartsBox

partsbox

Details

Rating: 5/5

Price: $50.95/month

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10. Tracker 7

tracker 7

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Rating: 5/5

Price: Custom

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11. Buildsight

buildsight

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Rating: 5/5

Price: $500/month

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What is Tool Tracking Software?

Procuring tools can be expensive. Tool maintenance is crucial to avoid buying new tools from time to time. That is why inventory management and control are essential. Since manual process would not suffice to ensure flawless tool assessments, you will need tool tracking software. A technological tool that offers advanced features and functionalities to help you enhance in managing your tools expenses and management. With this software as your technology partner, you can worry less to overlooks and errors. You can track your tools, evaluate their critical details, and examine it’s performance and quality, leading you to improve tool procurement decisions.

Benefits

Tool tracking software provides multiple benefits and advantages to your management system. As we all know, manually checking your tools can result in inevitable overlooks. Tool tracking software, along with its numerous features, has notifying features, assisting you to prevent forgotten critical factors of your tool tracking processes. This tool offers convenient and quick methods.

Features

When choosing software, you need to evaluate its critical components and see it is reliable and compatible with your company. Software is expensive; part of the reason you should assess them first before buying them. Features and functionalities are crucial aspects you need to examine its performance. Various technology companies offer different levels of advancements that may or not satisfy your expectations. You can research and read reviews of the software that caught your interest. Some platforms may also offer free trials and versions you can try. Below are recommended features:

  • Alerts/Notifications
  • Asset Lifecycle Management
  • Inventory Optimization
  • Inventory Tracking
  • Billing & Invoicing
  • Budget Tracking/Job Costing
  • Calibration Management
  • Location Tracking
  • Maintenance Management

Top 10 Tool Tracking Software

1. Fleetio

Fleetio includes assignment management, billing and invoicing, employee management, fuel management, and more valuable features. Fleetio has annual revenue of $21.3 million and 147 employees.

2. SimplyRFID Wave

SimplyRFID Wave includes asset tracking, barcoding, inventory management, medical inventory, and more contributive features. SimpleRFID has annual revenue of $18 million and 97 employees.

3. Asset Panda

Asset Panda includes audit management, calibration scheduling, activity tracking, compliance management, and more valuable features. Asset Panda has annual revenue of $7.3 million and 50 employees.

4. GoCodes Asset Management

GoCodes includes asset accounting, compliance tracking, configuration management, license/contract management, and more advanced features. GoCodes has annual revenue of more than $5 million and more than 25 employees.

5. PartsBox

PartsBox includes manufacturing inventory management, multi-channel management, product identification, and more advanced features. PartsBox has annual revenue of $5 million and 27 employees.

6. ToolWatch Enterprise

ToolWatch Enterprise includes location tracking, barcoding/RFID, audit trail, asset tracking, and more helpful features. ToolWatch has annual revenue of $4.6 million and 32 employees.

7. EZOffficeInventory

EZOfficeInventory includes asset lifecycle management, maintenance management, user management, scheduled maintenance, and more advanced features. EZOfficeInventory has annual revenue of $3.3 million and 23 employees.

8. ToolHound

ToolHound includes accounting integration, inventory optimization, multi-channel management, reorder management, and more logical features. ToolHound has annual revenue of $1.7 million and 12 employees.

9. GigaTrak Asset & Tool Tracking System

Tool Tracking System from GigaTrak includes calibration management, maintenance scheduling, asset library, asst tracking, and more innovative features. GigaTrak has annual revenue of $1.6 million and 11 employees.

10. Builsight

Buildsight is a full-service tool management system for small and medium-sized businesses with asset libraries, asset tracking, and more. Buildsight has all of the features you need in a modern equipment and tool inventory and tracking system.

FAQs

Why is tool tracking important?

Tools are usually small in size and portable that you can bring from different locations. For this reason, it is prone to misplacement. Inventory theft is also a problem. Due to these factors, tool tracking is crucial. It is a strategy of locating tools and preventing stolen and lost tools.

Why is software beneficial in tool tracking?

Manually searching for tools that can be in various sites is time-consuming and a lot of work. On top of that, you cannot guarantee you can find each one of them. With software on hand, you can assess tools usage and track them regardless of their location. With this tool, you can make your life easier.

What exactly is asset tracking software?

There are various forms of an asset. It can involve your company’s software, equipment, money, etc. Since assets are critical materials, it is a must to evaluate and track them from time to time. Asset tracking software exists for this purpose. It is a tool that provides convenient methods and advanced features, allowing you to examine and manage your assets effectively and efficiently.

Tools are assets. They can be expensive and easy to lose, given their usual size. Inventory theft, absence of reliable assets, ineffective warehousing are one of the challenges companies face in daily operations. With tool tracking software, you can reduce these challenges. You can save effort, money, and time from manual methods. Tool tracking software is what you need. 

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