Tools are pieces of equipment that a department uses to carry out maintenance work, e.g., hammers, screwdrivers, pliers, scaffolding, or excavators. The department is usually the "owner" of a tool, so the department’s store keeps the tools.
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Tool refers to a type of tool, rather than an individual item. For example, if the organization has several drills, create a general Tool code called DRILL. Then create individual parts for each drill and track them as assets using the drills’ serial numbers. |
Refer to the following table to determine the best method for defining tools in the organization:
|
Type of tool |
Importance to the organization |
Define tool as a… |
|
Hammer |
Low—Tool can be replaced easily and inexpensively |
Simple tool |
|
Ratchet |
Medium—Tool should be ordered and kept in stock |
Tool and a part |
|
Calibration gauge |
High—Tool can be ordered and kept in stock and is also valuable |
Tool, part, and asset |
