Software Keeps Track of Tools and Equipment - 5/17/2004 - Mortgage Loan Refinance Debt Equity

Software Keeps Track of Tools and Equipment

Bosch Power Tools

Founded in Stuttgart, Germany, in 1886, Robert Bosch Tool Corporation is a member of the National Council of the Housing Industry — the Supplier 100 of NAHB.

ToolWatch Express can reduce the number of tool thefts on the job site by roughly 96%, the manufacturer says, and companies that have used it report saving tens of thousands of dollars on equipment costs and substantial gains in productivity. Results have shown that even a small specialty contractor can easily save $10,000 in the first year, while typical general contractors save between $50,000 and $200,000 annually, Bosch reports.

ToolWatch allows a company to collect enormous amounts of information about each tool in its inventory by using barcodes and portable scanning devices to deliver tool information back to a desktop computer system, according to Bosch. After applying an identifier to a tool, a company can track its location by job site or by employee.

In the same way the library tracks books, companies can track tools, scanning them in and out of a tool crib, says the company. Suddenly, the timely return of tools becomes a priority for those on the job site, not just those in charge of inventory management.

ToolWatch currently supports more than 3,000 companies with comprehensive solutions including hardware, software and implementation support.

Bosch launched Digital Power Tools in 2002 to help field project managers become more efficient in their work, communicate more effectively with subcontractors and customers and save time and money on the job. 

For more information about ToolWatch, click here or call 800-676-4034.

This feature is solely for educational and informational purposes. Nothing on this page should be construed as policy, an endorsement, warranty or guaranty by the National Association of Home Builders of the featured product or the product manufacturer. The National Association of Home Builders expressly disclaims any responsibility for any damages arising from the use, application or reliance on any information contained on this page.