Whether they’re utilized for assembly in a prefabrication facility or installation in the field, the hand tools and equipment that empower trade workers are critical assets for the success of any project. Contractors often leverage a central location for the storage and distribution of their tools, but keeping track of them can quickly become difficult due to deployment across multiple projects and allocation to several teams of laborers. Consequently, their mismanagement can lead to massive inefficiencies and other concerns.
Construction professionals have turned their attention toward solutions that allow equipment managers and field leaders to more effectively manage, monitor, and analyze tool and equipment location, accessibility, and performance. More than half of the contractors in the BW Member Network are utilizing some sort of tool management solution, and 77 percent rated their adoption and utilization as average to excellent.
In this Analyst Briefing, we’ll explore the biggest areas of impact for tool management solutions, note the technological developments that are enabling them, and highlight top solutions that are being leveraged by industry players.
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