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The Most Important Factor in Selecting an Asset Tracking System

July 14th, 2015   |   Posted by: superadmin

Due to the highly competitive nature of the construction industry, cost efficiency is always a primary concern when making investments in new business tools or processes. It’s important to carefully weigh the cost vs. the potential return on investment (ROI), while factoring in the timeframe. How quickly can you expect to see a return on your investment in terms of additional profit, cost savings or greater productivity?
There are a number of ways to save money on construction projects. But if you want to stay in business you have a reputation to consider, so of course you only invest in business processes that won’t negatively impact quality.

The ability to quickly and easily manage your entire tool inventory, whether at one location or multiple jobsites, allows workers to locate the right tool in the right place at all times for maximum efficiency. When workers can’t find the tool they need to do their jobs, it means lost productivity and missed deadlines.

Implementing a tool and equipment management system is a great way to cut costs through elimination of overstocking, reduced tool hoarding, increased accountability and greater productivity. Equally important, investing in the right system delivers fast ROI, enhanced quality and improved worker safety by tracking scheduled equipment maintenance and calibration.

But there is more to the decision on which system to choose. To maximize and speed up return on your investment, a robust tool tracking system also should provide the capability to:

• Share inventory data for accurate reporting across your entire organization
• Monitor and schedule required maintenance
• Alert when the inventory level for an item is low
• Recapture tooling costs with automated billing for usage
• Manage tool purchasing and resale.

Additionally, you have a choice in the data collection technology that you use for tracking tools and equipment. For the most part, choosing between barcode and RFID scanning methods will depend on your particular tool usage and storage conditions. If a tool is stored in a case at the end of the day, you can apply a barcode label on the tool where it will be protected in the case and won’t rub off. On the other hand, for large equipment and tools that are left outside in the weather, or those exposed to rough and dirty conditions on a regular basis, an RFID tag is more durable.

An additional consideration when choosing the best system is the availability of personnel to handle the check-out and return of tools and equipment. RFID technology enables a self-serve tool crib application, which reduces labor costs while still maintaining accountability. By keeping workers accountable for the valuable equipment they use, you can protect your investment.

The versatile ToolHound 5 system offers both barcode and RFID tracking for streamlined inventory visibility, maximizing tool use and productivity, saving worker time, and reducing tool budgets for overall profitability and prompt return on investment.
Which system best meets your needs?

ToolHound Donates Tool and Equipment Management Kits to Habitat for Humanity Affiliates

March 30th, 2015   |   Posted by: superadmin

— ToolHound for Habitat program has supported Habitat for Humanity affiliates since 2007, providing tool inventory management system 

ALBERT, Alberta — March 31, 2015 — ToolHound Inc., a leading global supplier of tool tracking systems, has provided ToolHound 5 tool and equipment management kits to 15 Habitat for Humanity affiliates in North America. The ToolHound 5 Cloud Kits help Habitat construction managers reduce tool loss and theft.

ToolHound has been serving construction professionals with their tool management software for over 30 years. When a Habitat for Humanity affiliate first contacted ToolHound in 2007, they could not afford to purchase a tool and equipment management solution, so the company decided to create the ToolHound for Habitat program.

ToolHound Equipment Management System Boosts Security and Efficiency for Diamond Mining Operation

December 9th, 2014   |   Posted by: superadmin

— Diamond supplier hits payload with RFID tool tracking solution for mining —

ALBERT, Alberta — December 09, 2014 — ToolHound Inc., a leading global supplier of tool tracking systems, announced that the ToolHound tool and equipment management system is helping a large diamond mining company maximize efficiency, security and productivity with RFID tool tracking technology.

The mining operation in Canada was faced with the challenge of tracking and securing mining tools that are in use round the clock. Because workers require 24/7 access to the equipment, staffing a full-time tool and equipment room attendant was not practical. However, the company needed to protect their investment in valuable tools.

ToolHound Listed Among Top 20 Most Promising Technology Providers for Construction

November 18th, 2014   |   Posted by: superadmin

— ToolHound tool and equipment management solution delivers outstanding efficiency for greater productivity and cost savings—

ST. ALBERT, Alberta— Nov.18, 2014— ToolHound Inc., a leading global supplier of tool tracking systems, announced that CIO Review magazine has named ToolHound one of the Top 20 Most Promising Tech Solution Providers for the Construction Industry.

ToolHound is featured in the October 2014 edition of CIO Review magazine as part of this prestigious list, which highlights the best technology vendors serving construction professionals throughout U.S. The CIO Review editorial board and a panel of distinguished C-level executives chose the top 20 companies to showcase extensive business knowledge and innovative strategies for real-world construction solutions.

Snyder Roofing Stays on Top with Help with RFID Tool and Equipment Tracking

August 12th, 2014   |   Posted by: superadmin

Synder RoofingToolHound Inc., a global supplier of tool management systems, has significantly improved equipment tracking for the leading commercial and industrial roofing contractor in the Pacific Northwest, Snyder Roofing in Snohomish, Washington. For nearly four years, Snyder Roofing has used the ToolHound RFID tool tracking system to manage their equipment inventory, saving valuable time, improving productivity and minimizing the cost of replacing lost or stolen equipment.