Tool tracking software, also known as tool management software, enables businesses to efficiently manage their inventory of tools, monitor their physical locations, and track usage. These solutions typically allow for tools to be checked in and out using barcodes or unique identifiers, linking each tool to an employee record to enhance accountability. Some tool tracking systems also maintain a history of tool usage, offer scheduling features for maintenance based on usage patterns, and help determine when a tool may need replacement. While similar to CMMS (Computerized Maintenance Management System) software and enterprise asset management software, tool tracking software is specifically designed to track physical tools, as opposed to managing a broader range of asset types found in other asset management solutions.
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