ToolWatch Enterprise Gives Users Total Control of Inventory

DENVER (Business Wire EON) November 29, 2007 -- ToolWatch Enterprise, the construction industry's first comprehensive inventory control system, is available for purchase. Created by ToolWatch, a company that provides construction resource management software and tool tracking systems to construction organizations of all sizes, ToolWatch Enterprise allows companies to manage entire inventories of tools, equipment, materials and consumables while maintaining complete visibility over the entire enterprise.

“The construction industry is becoming increasingly competitive, with ever-tightening margins that make remaining profitable an everyday battle. In this environment, effective management of construction resources is a way to ensure continued business success. ToolWatch Enterprise improves companies' inventory control, turning their tools, equipment, materials and consumables into a source of improved profitability,” said Don Kafka, ToolWatch president and CEO.

ToolWatch Enterprise is an Internet-based, easy-to-use tool tracking system that maximizes the use of tools, equipment, materials and consumables. The warehouse management system stores vital asset information in a hosted centralized database, allowing authorized users from any company department to retrieve the information they need to effectively do their jobs while improving loss prevention throughout the company.

ToolWatch Enterprise is built using Microsoft's smart client technology, giving users a powerful interface available on their own desktop with access to up-to-the-minute information about company assets. Users can get critical asset information they can actually use - to act, plan, analyze and create reports - regardless of Web connection availability, making it ideal for on-site construction use.

The inventory control system's centralized database also gives clients extraordinary visibility of a company's assets, allowing them to strategically coordinate its use for improved profitability. For instance, warehouse managers can accurately schedule equipment usage on multiple job sites for greatest efficiency instead of buying expensive new machinery. ToolWatch Enterprise improves all areas of construction business management, including purchasing abilities, the job costing process and theft prevention. Advanced mobile communication with cellular and wireless make it easy to collect data and update the database, whether users are at a company warehouse, a mobile tool crib or a remote job site. Reliable theft deterrence options like GPS and RFID keep expensive and high-theft items secure.

ToolWatch Enterprise offers flexible permission levels based on job function so clients can assign appropriate access and responsibility for each user. Clients can also choose from a variety of licensing options that lets them save money, paying only for the specific functionality and access level each user needs. For more information about ToolWatch Enterprise, visit toolwatch.com.

About ToolWatch Corporation

Founded in 1991, ToolWatch is the world's leading provider of tool, equipment, materials and consumables management systems. Combining easy-to-use ToolWatch data collection devices with a powerful database system, its technology enables the tracking and management of construction resources throughout an entire organization, delivering significant savings of both time and money to companies of all sizes. With more than 6,000 installations in 20 countries around the world, ToolWatch applications use the most current and reliable technology to manage assets for maximum utilization and productivity throughout an organization.

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