Software saves average of 40 cents per employee, per hour

According to data collected by manufacturer ToolWatch, its tool management software can save businesses more than $80,000 a year if they have at least 100 workers working 40 hours per week. ToolWatch takes information about each item and turns it into usable data, allowing businesses to maximize each item’s use. ToolWatch SE is the company’s software product and core tracking system. It offers customizable features to meet the needs of any organization wanting to manage tools, equipment and supplies.