5 Must-Have Small Tool Tracking Software Features For Your Business

small tool tracking software features

The need for small tool tracking software

Is your company struggling because of  disparate business processes?  It’s possible that you are setting your business strategies wrong but the good news is that it’s never too late to make amends.

Most companies look into their current inventory management practices to identify the bottlenecks that negatively impact productivity. As the entire company is affected by inventory tracking processes, redesigning inventory management with a small tool tracking software is a great place to start. The problem with tool inventory is that it is often too vast. To top that off, several employees use office tools to carry out their duties so tool downtime can severely impact processes for small businesses. This is why an efficient tool tracking system is a must for small businesses!

tool tracking benefits

Why does your business need a small tool tracking software?

Small tool tracking software is a cloud-based solution that helps companies track small tools that they may be selling, or using for production or maintenance. According to a SkuNexus research, 25% more manufacturers and retailers invested in inventory management technology in 2016 in comparison to the previous years. 

This proves that with high-performance features, small tool tracking software can enhance productivity and optimize daily business processes.  By using automated tool tracking features, you will be able to form a productive workforce to carry out business activities efficiently. 

Here’s why small business owners are migrating to small tool tracking solutions:

  • Reduced cost
  • Effective team collaboration
  • Ability to scale

Read More: Tool Inventory Management Software – Helping your Business Grow

For a more comprehensive idea about the small tool tracking software, look into these supercharged features below:

1. GPS enabled tool management for high performance

Losing valuable tools can be damaging to your business. This can not only increase your overhead costs but can also cause delays in everyday business activities. Employees need to have full visibility over the tools they are going to work with. This will enhance productivity and improve tool utilization.

Small tool tracking software allows you to use the barcode and QR code identification numbers to keep tabs on your inventory. This way your employees are updated about asset information in real-time.  

GPS tracking also makes it easier to transport tools across locations for various business projects. As a small business, you cannot afford to invest in different security mechanisms for your tools on-the-go. However, barcode scanning makes the job easier for your employees and reduces the risk of misplacement and theft!  

Read more: 4 Tips for Efficient Equipment Inventory Management

2. Avoid prolonged equipment downtime

When it comes to tool management, it is very important to invest in robust maintenance regimes. Equipment failure can be quite harmful to your business. It results in underperforming tools which ultimately leads to lower productivity.

benefits of tool maintenance

Corrective maintenance is more costly than preventative maintenance. This is why tool tracking software generates automated maintenance and servicing sessions for all your tools. This prevents any tool malfunctions that might occur due to lack of upkeep services. Keep all your tools in top shape by sending out maintenance alerts on time!

Read More: 5 benefits of using maintenance management software

3. Manage your tool supplies to restock on time  

Inventory management is a complex task which involves keeping track of stock levels at all times. For a small business, it is better to avoid overstocking on certain assets. When you overstock, you run a greater risk of loss of tools through depreciation and damage by natural disasters. Especially if you are low on budget, you don’t want to spend extra money trying to get rid of dysfunctional inventory.

By choosing a tool tracking software for your business, you can stock up on assets when you need them. Whenever you are running low on an asset, automated purchase orders will be generated. Through this feature, you can manage costs and vendors all at one place. Now you can keep a track of all your purchase orders and never miss a restock deadline!

Read more: 5 Smart tactics to reduce costs and streamline inventory management

4. Seamless integrations for proficient work processes

Having data in unreachable silos complicates matters for your employees. You need to set authorization rules for different online systems. But most importantly, you cannot afford to run multiple software applications as a budget-conscious small business. More applications translate into more work to keep track of all that data.

So how can you get multiple integrations in one place and bring all the data on a single unified platform? Efficient tool tracking software are cloud-based mechanisms which come with various third-party integrations.

If your business requires multiple software along with the tool tracking software, like a CRM tool and an accounting application, you don’t have to use them separately. This streamlines the work process and provides easy access to information throughout.

5. Take your business with you on-the-go

It is a common practice among companies to hold meetings outside their office space. A small-scale event management business wouldn’t want their employees to carry laptops everywhere they go. That’s just a lot of hassle.

To make business easy on-the-go, they can use the mobile application of the tool tracking software. With the mobile application, it is easy to have all your data with you, wherever you may be. This makes for better employee management and team collaboration!

Send instant updates about work projects to your workers outside the office for speedy decision making. You’ll have access to information with the tool tracking app any time, anywhere!

Read more: Why your asset tracking software needs a mobile app?

Invest in small tool tracking software to help your business grow

If you’re looking for an accessible all-in-one management system for your small business, the tool tracking software is the right call. This software provides you with multiple features to manage your inventory and tools, and helps you keep them in good shape.

Prepare purchase orders to restock on time and handle work while away from the office with the tool tracking free mobile app.

Tool tracking software can help your business create a proactive work environment with motivated employees through refined tool management techniques. This will lead to an increase in revenues and a greater profit margin.

Grow your business with small tool tracking software.

Want to learn more about our tool tracking software?

EZOfficeInventory is the tool tracking and management software used by several small to medium businesses around the globe. It irons out business workflows and improves asset optimization which leads to increased profits.

best small tool tracking software

For more assistance, drop us an email at support@ezofficeinventory.com.

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