USE CASE - Cordless Tool Tracking

Troverlo tags and readers can be used to provide visibility for construction companies to know where and how their tools are being used.

Industry Challenge

A misplaced $80 grinder can end up costing a construction company $300 (4x the actual value) when you account for:

Delayed productivity from not having the proper tool onsite when needed
Hours spent searching for misplaced tools (90 min searching on average)
Buying double the tools needed (1)

Despite the high cost associated with loosing even <$100 tools, only 17% of construction businesses have the technology in place to properly manage their assets. Industry research shows that 30% of the 520M cordless tools sold each year are to replace tools due to loss or theft. (2)

By utilizing Troverlo’s tags, tool manufacturers can solve this problem.

Troverlo's Solution

1_use-case-cordless-tool-tracking

Tool manufacturers embed Troverlo tag into cordless tools enabling them to track the movement of their tools from the manufacturing facility to the end user’s hands.

Manufacturers use location and usage data to improve their own product development and marketing. In addition, they can provide additional services to their customers.

Potential services include:

Predictive maintenance/replacement - Reduce downtime from tool breakage
Geo-fencing job sites - Know if a tool is walking off the job site
Inventory Management - No wasted time searching for tools