Published 1 Sep 2023
Free version: Available for teams of up to 10
Pricing: Premium plan $24/month (with a free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
SafetyCulture is a digital solutions provider that allows companies to digitize data and automate workflows, making their tool management software one of the most sought-after. The application’s numerous features allow employees to gather and store relevant information about their tools and equipment, track their location and current users, and ascertain the need for asset maintenance or upgrades.
Why use EZOfficeInventory?
This web-based software makes asset management easier by tracking all tools and equipment required in a company’s operations in real time. On top of accurately recording stocks, this also slates preventive maintenance to ensure asset longevity.
Free version: None
Pricing: Starts at $35 for 250 items and an unlimited number of users, billed annually (with a 15-day free trial)
Platforms supported: Web, iOS, Android
Why use UpKeep?
Made specifically for reliability and maintenance teams, this asset management digital tool provides companies information required for running their operations effectively. This can be seamlessly integrated with their other offerings like enterprise asset management (EAM) and computerized maintenance management system (CMMS) for increased efficiency.
Pricing: Starts at $45 per user, per month (with a 7-day free trial)
Platforms supported: Web, Desktop, iOS, Android
Why use Fiix?
This comprehensive digital solution for asset management helps companies get rid of paperwork by automating their processes from inventory to preparing work orders. Aside from reducing costs by securing tools and equipment, it also reduces risk by alerting managers of upcoming maintenance work.
Free version: Yes. Free Fiix includes basic features.
Pricing: Starts at $45 per user per month, billed annually (first month is free)
Why use ToolHound?
This web-based inventory management system saves companies on operating costs, improves their efficiency, and maximizes their revenues simply by ensuring that workers get their tools when they need them. ToolHound offers three variants: On-Premise, Cloud, and SecureCrib, which utilize RFIDs and barcodes.
Pricing: Customized quote provided upon request
Platforms supported: Web
Why use ToolWatch?
Considered one of the best tool management systems, ToolWatch drives productivity by streamlining workflows, specifically on tool and equipment inventories. Used mostly by companies in the construction sector, this also helps in field and warehouse management and provides support in health and safety.
Why use Tooltribe Pro?
This cloud-based application allows companies to keep track of their assets in real time, reducing loss and time spent looking for them. Aside from its intuitive interface, Tooltribe Pro’s clients commend their support team for going the extra mile, like uploading thousands of tools and equipment into the system so they can focus on their operations.
Free version: Yes. Tooltribe’s standard plan allows users to sell or rent tools.
Pricing: Starts at $10 per user per month, minimum of 3 users (with a 30-day free trial)
Tool management software is a task-specific digital solution that helps companies organize tools and equipment so workers can find what they need immediately. Managers can use the information documented in the system to replace or repair lost or damaged items, saving the company time and money. It can be a standalone program or a component of an enterprise asset management (EAM) platform or a computerized maintenance management system (CMMS).
According to a National Equipment Register (NER) report, stolen tools and machinery in the construction sector account for nearly $1B. On top of that, these losses cause downtimes during work hours, which translates to more money down the drain. Tool management software helps prevent those problems and more, as follows:
Whether you manage a team of ten mechanics or hundreds of people on a construction site, you probably have thousands of tools to pay attention to. Investing in tool management software is a judicious choice. Here are its must-have features.
Any of the seven listed above is a good investment. Before you make your final selection, take another look at all of them below:
* billed annually
Eunice Arcilla Caburao
Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.