Tool Inventory Sheet

If your business depends on the use of tools, these tools must be present and are working properly. When a client needs a job done and you do not have the tools available or if the tools are not in working condition, you will feel stressed and annoy the client as well. This is why it is important to have a proper tool inventory system in place so that you can remain organized.

Keeping a proper list of the assets you have along with their usage will make sure they are in good condition and available when you need them. You can use a tool inventory sheet to help you out here.

What is a tool inventory sheet?

This is a sheet that can track operation and even the precise condition of the tools and machinery that you have. It can track the performance level of all the equipment that your company has.

What does a tool inventory sheet do?

The sheet records the details about the tools, machinery, and equipment that your company has. It states different details about these so that you can know whether they are in working condition or if maintenance needs to be done on them. The sheet will even let you know when you require new tools.

Tool Inventory Sheet Template

Excel Template File: 87 KB

Creating an inventory sheet…

To make a tool inventory sheet that will let you know about the status of your tools, you can consider the following points:

Format of sheet:

The sheet should have a heading such as “Tool Inventory Sheet”. You can then include the important details in a table format.

Details about the company:

Information about the company can be given like the name of the company, phone number, email, address, etc.

Inventory details:

The details about the tools can be recorded in a table. A table is easy to fill in and can be read as well. You will add columns with headings that will let one know the details about the tools. Headings can include the Name of the Tool, Purchasing Date, Description of the Tool, Serial Number, General Use, Quantity, Warranty, Cost, etc. A column can be present that includes extra details about the tool. You may need to add these for certain tools so that you can know whether they are in good working condition or not. You can add columns according to what details you want to know about the tools.

Important details:

When making a professional sheet like this you must add only the required details on it which will be able to help those who need it to fill it in and get the important details from it. This is why you should only include the information that will let you know about the particular tools.

 In the comment section, you should only add details precisely and clearly so that the reader will not need to read much to find out the condition of the particular tool. A professional table will be one that only adds the necessary details on it.

It is beneficial to have one…

With the help of this sheet, it will be possible for a company to know about the tools that it has and also the condition of these tools. When these tools are required, they will know which ones are available and are in working condition.

 It is possible to effectively track the performance level of the tools and equipment that you have. This is important to know if you want operations to be done effectively. Tools are needed to complete many tasks and if these are not available, it will annoy your clients and they will see that your company does not handle procedures properly.

An inventory sheet will help your company remain organized because you will have a procedure in place that will let all those in the company know which tools and equipment are available. The sheet can be filled in at any time when you buy new equipment and tools when you notice that old ones are not working and when you see that maintenance is required on certain tools. It is necessary to know the condition of the tools as well so that they can function properly when needed, and a sheet like this can help out here.