Tool inventory and equipment tracking software systems can be integrated with barcode labels and asset tags to track your equipment and high-value assets, as well as your tool and spare parts inventory, to ensure that you can keep your equipment in optimal working order. Most businesses today use software to organize their inventories such as a Computerized Maintenance Management System (CMMS) or an Enterprise Asset Management (EAM) platform. Failing to properly locate and service equipment can lead to unexpected shutdowns, lost time, and significantly increased expenses. The typical factory, warehouse, or shop floor can contain thousands of assets and inventory items that must be tracked and maintained.
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