Firms Are Using Tool Tracking for Smarter Asset Management
It is no wonder that firms operating many large, expensive machines on a daily basis sometimes tend to overlook small items such as reciprocating saws and battery-powered drills, which can slip through the cracks of a jobsite at the end of a shift or when a project is completed.
But in today's economy, equipment managers are recognizing the value of trying harder to hold onto tools previously treated as more disposable assets. Now more than ever, CFOs are pressuring managers to control spending and tools are a prime target. "Right now is the best time to be an equipment guy," says Mike Monnot, director of equipment for San Antonio-based general contractor Zachry Construction Corp. Monnot manages a $180-million fleet of 4,700 pieces of heavy equipment and 1,100 service vehicles.