Apr 8 2004
Bosch Power Tools, a division of Robert Bosch Tool Corporation, has announced the addition of its newest partner, ToolWatch®, to the Digital Power Tool family of productivity tools. ToolWatch, the leading provider of asset management solutions for construction and public utility companies, provides owners a higher level of control over their tools and equipment, as well as the comfort in always knowing where their fleet is located.
Bosch Digital Power Tools will begin selling the ToolWatch Express product under the Digital Power Tool line of tools and through its already-established distribution network, immediately. Understanding that companies must adapt to increasing costs, while striving to increase productivity and profitability, ToolWatch developed its leading module, ToolWatch Express, to allow for constant knowledge of tools and equipment in their cycle. Furthermore, ToolWatch Express reduces the incidence of theft on the jobsite because employees are accountable for the tools they use. Many, if not all, construction companies are the victims of theft -often internal -at some point in their existence and with the introduction of ToolWatch to the jobsite the number of thefts reduces by roughly 96 percent annually.
Whether managing assets coast-to-coast or regionally from project-to-project, ToolWatch can provide cost effective solutions that will increase a company's bottom line. ToolWatch users report saving tens of thousands of dollars in equipment costs, and many gain substantially more in company productivity. By using ToolWatch Express, companies often cut their total equipment losses in half. Results have shown that even a small specialty contractor can easily save $10,000 in the first year, while typical general contractors save between $50,000 and $200,000 annually.
"By working with Bosch Digital Power Tools, our tracking service will now reach even more companies allowing us to provide our service to the many jobsites nationwide," said Don Kafka, president and founder, ToolWatch. "Changing companies from pen and paper tracking systems to software tracking systems like ToolWatch Express, brings added piece-of-mind to builders and developers."
ToolWatch helps simplify tool tracking and equipment management for companies of all sizes. Whether controlling 50 or 5000 tools, this tracking service provides owners the much-needed assurance that their jobsites are theft-free and always ready for the demands of a jobsite.
"By expanding our product line to include the ToolWatch tracking service, Bosch Digital Power Tools addresses one of the fundamental challenges that every builder and developer faces on a regular basis," said Andrew Reed, vice president, Bosch brand. "By partnering with a tool tracking service like ToolWatch, Bosch is able to provide a service to its power tool users that ensures they always have their tools when they need them."
Additionally, ToolWatch allows companies to collect enormous amounts of information about each tool in its inventory by using such unique identifiers as barcodes and portable scanning devices to deliver tool information back to a desktop computer system. After applying an identifier to a tool, a company can track its location by jobsite or by employee. In the same way the library tracks books, companies can track tools, scanning them in and out of a tool crib. Suddenly, the timely return of tools becomes a priority for those on the jobsite, not just those in charge of inventory management.
In today's competitive marketplace, having a tool tracking system like ToolWatch puts contractors at a distinct advantage over companies still trying to perfect the pen and paper system. The software helps companies complete jobs faster and for less money by ensuring that the tool inventory is where it should be at all times. Better preparation can make any job smoother and quicker, not to mention its ability to cultivate repeat customers.
Source: Bosch Digital Power Tools