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ToolHound Equipment Inventory Management System Delivers Proven Return on Investment

December 10th, 2013   |   Posted by: superadmin

Independent research study by Building Services Research and Information Association calculates ROI within a year for ToolHound inventory management system.

ST. ALBERT, ALBERTA — December 10, 2013 — ToolHound Inc., a global supplier of tool management systems, announced that a complete return on original investment (ROI) derived from using the ToolHound inventory management system within the first year has been verified by years of customer testimonials as well as independent research studies.

Investment in a complete tool and equipment inventory management system delivers prompt ROI due to improved productivity, efficient use of resources and real-time inventory visibility. The ability to ensure that the right tool is in the right place at all times is critical for any organization with a tool and equipment inventory, such as construction companies, maintenance, repair and operations (MRO) departments, and contracting firms.

The ToolHound Equipment and Tool Tracking system enables savings realized through time saved by tradesmen and tool crib personnel when tools are issued or returned, less time spent searching for lost or misplaced equipment, streamlining inventory reconciliation, reduction in tool losses and tool hoarding, and resale of obsolete or excessive equipment inventory.

In addition to multiple tool tracking customer testimonials regarding ROI, an independent research study by Building Services Research and Information Association (BSRIA) calculated real cost savings for two sample companies using ToolHound tool tracking.

Two Major Companies Benefit From ToolHound’s Inventory Management System

One of the companies is a leading producer of fertilizer and a major retail supplier of agricultural products and services in North America and Argentina. This organization selected ToolHound to manage all personal protective equipment, maintenance consumables, and general safety equipment such as fire extinguishers, tools and equipment for the Environment, Health and Safety Department in their production plant in Fort Saskatchewan, Alberta, Canada.

According to the report, within one year of adopting ToolHound, the fertilizer manufacturer saved $92,000 due to reduced tool and equipment inventory loss, compared to the preceding 12 months.

AMECO, a unit of Fluor Corporation, is a worldwide leader in equipment management solutions, delivering operations fleet services, construction site services and equipment distribution to construction, mining, government and industrial markets throughout the Americas and South Africa, as well as supporting projects in other remote parts of the world.

In an evaluation of a typical project where AMECO employs the ToolHound system, the BSRIA report found that AMECO’s savings in man-hours during the first year amounted to nearly eight times the cost of their original investment in the tool inventory management system.

“Construction companies and engineering contractors have to make huge investments in their equipment inventory,” said Dean Perry, president of ToolHound. “Managing that inventory with a robust, easy-to-use tool tracking system not only protects their capital assets, it also enables them to realize a sizeable return on investment by saving time and reducing replacement costs.”

About ToolHound

Since 1985, ToolHound systems have been deployed by companies of all sizes across a variety of industries, including construction, power generation, chemical processing, mining and jobsite tool and equipment services. Specializing in personalized technical support with on-site training and installation expertise, ToolHound offers a comprehensive portfolio of tool and equipment management solutions including Cloud hosting and customer controlled hosting with ToolHound OnSite and SecureCrib featuring wireless, RFID and barcode technology.

For more information about ToolHound’s Tool Control and Inventory Management System, call (800) 387-8665, or visit the company’s website at www.ToolHound.com.

Unleash the ToolHound: New ToolHound Video

July 8th, 2013   |   Posted by: superadmin

Check out our new ToolHound video describing ToolHound 5’s ability track and manage tool and equipment inventories, leading to increased cost savings, decreased inventory audits and improved productivity.

ToolHound Video:

To view other videos related to ToolHound’s construction inventory management system, check out our YouTube channel.

 

ToolHound Scores High Marks for Technical Support for Tool and Equipment Management

May 21st, 2013   |   Posted by: superadmin

St. Albert, Alberta, May 21, 2013 — ToolHound Inc., a leading global supplier of tool tracking systems, announced the results of a recent customer survey exploring factors that most influence the purchase of tool inventory management solutions. Findings demonstrate that ToolHound’s technical support is rated very high in the industry, with more than 80 percent of respondents ranking it as excellent or good.

When asked what considerations are most important when choosing a supplier for tool tracking systems, respondents overwhelmingly rated technical support as the number one factor. Other factors cited as important are customer service response time, online training and delivery time – ToolHound scored high marks in each of these categories, as well as for user-friendly products.

“The findings from this survey validate our emphasis on personalized technical support and customer service,” said Dean Perry, President of ToolHound. “ToolHound support, FastTrack Implementation, and training programs were developed with practical input from our valued customers.”

The survey, conducted early this year, polled more than 200 ToolHound customers and prospects. Of those responding, 81 percent cited loss prevention as their primary reason for purchasing a tool and equipment management system, while 66 percent named inventory control. Survey participants represent a range of industries including construction, oil and gas, utilities, mining and equipment rental.

About ToolHound

Since 1985, the ToolHound inventory management system has been deployed by companies of all sizes across a variety of industries, including construction, power generation, chemical processing, mining and jobsite tool and equipment services. ToolHound has evolved to meet the needs of customers around the world based on real-world experience and feedback. Specializing in personalized technical support with on-site training and installation expertise, ToolHound offers a comprehensive portfolio of equipment and tool tracking solutions including cloud hosting and customer controlled hosting with ToolHound OnSite and SecureCrib featuring wireless, RFID and bar code technology.

ToolHound is a Construction Executive Hot Product for 2013

January 7th, 2013   |   Posted by: superadmin

Once again, Construction Executive Magazine has listed ToolHound’s tool and equipment management system as a Hot Product for 2013. ToolHound is proud to continue providing the top construction inventory management system on the market. To read the full article, click here.

ToolHound at Habitat for Humanity PJ Day

November 19th, 2012   |   Posted by: superadmin

Graham Cooper, Account Executive at ToolHound, recently represented ToolHound at the Habitat for Humanity PJ Day in Edmonton.

Hey Graham, where are your PJs?

habitat for humanity pj day