Tool Tracking Software Delivers Bottom-Line Efficiencies for Oil & Gas Companies

A great deal of industry sectors stand to benefit from tool tracking software, and the oil and gas industry is no exception. Warehouses, offices and the field all require equipment to keep the business running smoothly and efficiently. Because these companies serve a broad geographic area, manual asset tracking procedures simply aren’t adequate to manage the location and movement of tools in real time.

Tool tracking software has come a long way – and today, it works in conjunction with cloud-based mobile apps that give you immediate, round-the-clock access to accurate data. The implications of this technology are significant. When you’re able to pull up at moment’s notice the exact location and condition of your tools, you save time, money and frustration.

At the warehouse, your staff are better able to manage the maintenance schedules of various tools, including periodic testing. They’re much less likely to overlook maintenance, which could cause an item to break down prematurely and require expensive repair or even replacement. Your warehouse staff also are able to make informed decisions about the purchase of new equipment, therefore eliminating needless expenses for equipment you don’t need. They can view the location of tools, determine where the needs are and respond accordingly. If an item is being underutilized and may be better used in another location, tool tracking software can help alert you to this situation.

Back at the office, your accounting staff can gather the accurate, detailed information they need for compliance and reporting purposes. Forecasting, too, is not only easier but far more likely to be on target when your data is accurate and in real time. You can take a 30,000-foot view of your organization to define gaps and opportunities.

In the field, powerful tool tracking software helps ensure that your teams have the tools they need to get the job done. If they have a need for a specific item, they can make a request in seconds. Most important, when you properly maintain your tools, you also protect the safety of your workers.

Asset Panda offers the most powerful, yet easy to use mobile asset tracking system in the world. Our free mobile iOS and Android apps sync with the cloud and include a mobile scanner, so there’s no need for a separate handheld device to log in your assets. You won’t need any additional hardware, software or software licenses to use Asset Panda, making it the most competitively priced platform on the market. Every Asset Panda customer receives full access to our complete features list, and you’re entitled to an unlimited number of users at no additional cost. We’ve designed our system with the philosophy that our clients should be able to track their assets exactly how they want. You select the features you want to use, and they’re completely customizable. Custom fields, sortable columns, a custom dashboard, custom reports, notifications and alerts, a calendar feature and custom security settings are among the features you can modify to meet your specific needs.

With Asset Panda’s tool tracking software, you help curb tool loss, streamline your processes, increase productivity throughout your organization and eliminate guesswork and costly mistakes. Give it a try free for 14 days. For more details, visit

Courtney Roush

Courtney Roush is a freelance writer, editor, and communications strategist with 25 years of experience. Her favorite discipline is crisis communications – and it’s a highly relevant one in our present times.

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