I am trying to log tools for inventory purposes. The issue is, I don’t want to necessarily put them in as assets and would rather have a section particularly for tools. Has anyone had any luck adding new lists for subjects other than the stock items that come with the program?
Answer
Separating tools from assets
+5Best answer by Andrew
Hi James,
You may want to use Parts Inventory for this.
You can then add Tools category into the Part Types field.
James Beers
Hi James,
You may want to use Parts Inventory for this.
You can then add Tools category into the Part Types field.
+7We plan to log any non-consumable tools as assets and separate them using categories. Another way we’ll differentiate them is by utilizing one of our existing systems- the asset code, which helps identify a particular asset. For example, one of our air compressors would be [AC1-1]. By making a small adjustment such as adding a “t.” prefix, eg. [t.AC1-1], we could easily identify a tool by their name (or barcode field). Consumable tools such as grinder wheels or razor blades might be better logged under Parts Inventory.
James, our teams have had locations put tools under parts inventory as well as assets, I would recommend going the asset route, it is a much better solution for tooling in my opinion especially if you are using the costing metrics for parts inventory along with an ERP implementation, you will inflate your inventory value.
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