Tool Tracking for the Utility Industry – Why You Can’t Afford Not to Use ItemAware
ItemAware is the tool tracking solution that will save you time and money. It eliminates the stress of supply chain issues, tool duplication, and theft. Continue reading to see why utility industry leaders can’t afford not to use this robust software.
Did you know that the utility industry estimates a 30% annual loss rate of tools, i.e., upwards of $900,000,000 “lost” items annually? The need to replace lost tools can quickly turn your budget upside down while simultaneously causing your team frustration. The last thing you want to deal with is a loss of revenue because you didn’t have the tools needed to effectively get the job done right the first time.
ItemAware is the exact solution you need to prevent tool loss. Our software gives you full visibility of your assets as well as all designated locations (trucks, sheds, jobsites, etc.). It’s time to stop the outflow of money spent on searching for, and often replacing, missing equipment. Invest in ItemAware today to make the worries of misplaced tools a thing of the past.
Read more below to discover how our tool tracking software will not only save you time and money but can also help you avoid the stresses of supply chain issues, tool duplication, and theft.
Prioritize Your Budget
If given the choice, wouldn’t you like to virtually eliminate the cost of lost items? ItemAware can help you do just that while also giving you time back to focus on your most profitable goals.
We’ve already shared with you that the utility industry alone estimates a 30% annual tool loss. This statistic is staggering but it doesn’t have to impact your business. You can reduce your tool loss rate to nearly zero and likely see a return on your investment within 12 months by utilizing our cutting-edge technology.
Review the graphic below to learn how ItemAware works.
Tool tracking can help your company stay within budget by locating and monitoring the location of every item being used. Stop wasting money on replacing lost equipment. Rather, invest in ItemAware to ensure that you always have the right tools on hand.
Stay on Track
Time is an invaluable resource, especially when it comes to getting a job done right the first time. You hired your team because they are experts in their field. Your company is paying them to use their professional skillset, not to spend time wasted searching for misplaced equipment. Let your workers get back to the job at hand by ensuring they have the right tools, in the right place, at the right time.
ItemAware features intuitive icons that give your workers the ability to see the exact tools they have on their trucks. Personnel with the right permissions can access views of all tools, trucks, jobsites, etc. on one screen. Our software gives your team the freedom to go to any jobsite with confidence.
Jobsites are busy and can often lead to a flurry of tools being touched by multiple hands. Without GPS tool tracking, lost equipment is almost inevitable. At the touch of finger, ItemAware gives you and your workers immediate access to see where a missing item is – whether on a truck or at the last seen location if the equipment is truly misplaced.
Avoid Supply Chain Issues
Nearly every industry is feeling the pressure of supply chain issues. Forbes reported, “[f]rom clogged ports and truck driver shortages to extreme weather, a multitude of disparate factors continue to create major breakdowns in critical organizational supply chains”. Certain tools can be almost impossible to find, especially when you are on a tight time crunch.
According to Reuters, “[s]ome utilities are facing waiting times of more than a year for transformer parts…”. Long lead times often result in lost revenue as many customers will shop around for the fastest, most efficient option. For this reason and numerous others, it’s becoming more important than ever before to keep the tools you have in order to avoid the stress and cost of replacing them.
Stop sending customers to your competitor’s doorstep simply because misplaced tools cannot be easily replaced. Better yet, invest in ItemAware to avoid tool loss almost entirely.
Did you know that our technology allows you to view and edit an item’s status to indicate whether a tool is active, broken, in storage, etc.? These notes will not only help you keep track of specific item details but are also available wherever, whenever you need them. Avoid supply chain issues completely by using ItemAware to keep track of your most valuable assets.
Prevent Tool Duplication
It’s no secret that when you don’t know what you have, you end up replacing tools that aren’t actually lost. Duplicating your tools unnecessarily results in wasted money that could have been spent on achieving much more valuable goals.
One of our ItemAware customers can attest to this. “After implementing the system [ItemAware], I found $175,000 of duplicate tools.” – Steve Sarno, VP of Power Delivery at Concurrent Group, Customer of RingPower
What would saving $175,000 mean for your company? Use our GPS tool tracking software to avoid accidental duplication of equipment – stay lean with the tools that you need, so that you don’t waste resources on excess.
Put an End to Theft
Your equipment is necessary for your business’ everyday operations. Without these items, your employees would not be able to put their skills to use and get the job done. At ItemAware, we know that some of your tools are high-dollar assets. But what happens when your much-needed equipment is lost due to theft?
ItemAware can help reduce theft and item misplacement with automatic scanning. At the touch of a finger, you can keep a record of when an item was moved, who inventoried it, repairs, etc. Additionally, with maps displaying last-seen locations, you can get alerts when an item goes missing.
Our GPS tool tracking software helps you narrow down people as well as places where items went missing. Let ItemAware provide you with the power and visibility to reduce tool theft.
ItemAware – Your Tool Tracking Solution
ItemAware is here for you when you need us most. Our robust technology will save you time and money while also eliminating the headaches of supply chain issues, tool duplication, and theft.
Our team would love to talk to you about how ItemAware can help your business. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.
About the Author
Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.